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): May 19, 2009

 

 

New Peoples Bankshares, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

 

 

Virginia

000-33411

31-1804543

(State or other jurisdiction

of incorporation)

(Commission File Number)

(I.R.S. Employer

Identification No.)

 

 

67 Commerce Drive, Honaker, Virginia

24260

(Address of principal executive offices)

(Zip Code)

 

Registrant’s telephone number, including area code: (276) 873-7000

 

n/a

(Former name or former address, if changed since last report.)

 

 

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 (see General Instruction A.2. below):

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 7.01

Regulation FD Disclosure.

 

On May 19, 2009, New Peoples Bankshares, Inc. (the “Company”) issued a press release announcing the resignation of Kenneth Hart, President and CEO of the Company and its banking subsidiary, New Peoples Bank (the “Bank”) and the appointment of Jonathan Mullins as President and CEO of the Company and the Bank, effective May 19, 2009. The press release also announced the promotion of Todd Asbury from Senior Vice President and CFO to Executive Vice President and CFO of the Company and the Bank. A copy of the press release is attached as Exhibit. 99.1.

 

The information in this report and the attached Exhibit 99.1 is being furnished pursuant to Item 7.01 of this Form 8-K and shall not be deemed “filed” with the Securities and Exchange Commission for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

 

Item 9.01

Financial Statements and Exhibits.

 

 

(d)

Exhibits. The following exhibit is being furnished pursuant to Item 2.02 above.

 

 

Exhibit No.

Description

 

 

99.1

Press Release dated May 19, 2009.

 

 

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.

 

                

 

NEW PEOPLES BANKSHARES, INC.

 

(Registrant)

 

 

Date: May 20, 2009

By:

/s/ C. Todd Asbury

 

C. Todd Asbury

 

Executive Vice President and

 

Chief Financial Officer

 

 

EXHIBIT INDEX

 

 

Exhibit No.

Description

 

 

99.1

Press Release dated May 19, 2009.