Riverview Bancorp Inc 8-K, filed Aug 9, 2023
Riverview Bancorp Inc (RVSB)
8-K
2023-08-09
For: 2023-08-04
View Original
Added on
April 10, 2026
About this 8-K
Riverview Bancorp Inc filed this 8-K on August 9, 2023, reporting on events of August 4, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 4, 2023
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
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(Address of principal executive offices)
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Registrant’s telephone number, including area code: (360 ) 693-6650
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions.
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On August 4, 2023, the Board of Directors of Riverview Bank (the “Bank”) and Riverview Bancorp, Inc. (the “Company”) voted to
terminate, without cause, the employment of Kevin J. Lycklama with the Bank. The termination of employment without cause will be effective September 6, 2023 in accordance with certain advance notice procedures in his Employment Agreement, dated
December 31, 2018. Mr. Lycklama will continue to receive his current base salary through September 6, 2023 but effective immediately he was excused from all further duties.
In the interim the Bank will be run by its existing strong management team as described below:
Daniel Cox has been named Acting President and Chief
Executive Officer. For the past 21 years, Daniel Cox has worked
for Riverview Bank. His expertise is in finance and credit administration. He currently serves as an Executive Vice President and Chief Credit Officer. He leads the Bank’s commercial credit and collection policies, procedures and processes and he
also works closely with investor relations. Cox graduated Summa Cum Laude from Washington State University – Vancouver with a Bachelor of Arts in Business Administration with an emphasis in Finance. He graduated with Honors and is an alumnus of the
Pacific Coast Banking School.
Along with Daniel Cox, David
Lam, Executive Vice-President and Chief Financial Officer is a critical member of the Senior Leadership team. He joined Riverview in 2008 as Controller and was promoted to
his current position in 2017. Lam leads accounting, SEC reporting and treasury functions for the Bank and the Company. Prior to joining Riverview, he spent ten years working in the public accounting sector advancing to the level of audit manager. Lam
holds a Bachelor of Arts degree in business administration with an emphasis in accounting from Oregon State University. Lam is a CPA, holds a chartered global management accountant designation and is a member of both the American Institute of CPAs
and Oregon Society of CPAs.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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RIVERVIEW BANCORP, INC.
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Date: August 8, 2023
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/s/David Lam
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David Lam
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Chief Financial Officer
(Principal Financial Officer)
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