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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: June 24, 2024
(Date of earliest event reported)
 
Oak Valley Bancorp
(Exact name of registrant as specified in its charter)
 
CA
(State or other jurisdiction
of incorporation)
001-34142
(Commission File Number)
26-2326676
(IRS Employer
Identification Number)
 
125 N. Third Ave. Oakdale, CA
(Address of principal executive offices)
95361
(Zip Code)
  
     
(209) 848-2265
(Registrant's telephone number, including area code)
 
Not Applicable
(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:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
OVLY
The Nasdaq Stock Market, LLC
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. 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.
 
(b) On June 24, 2024, Oak Valley Bancorp issued a press release announcing that Ronald C. Marrtin will be retiring as a director of Oak Valley Bancorp and of its wholly owned subsidiary Oak Valley Community Bank effective June 30, 2024.
 
A copy of the press release announcing Mr. Martin's retirement as director of each entity is filed as Exhibit 99.1 hereto, which is incorporated herein by reference.
 
 
Item 9.01. Financial Statements and Exhibits

(a) Financial statements:
            None
(b) Pro forma financial information:
            None
(c) Shell company transactions:
            None
(d) Exhibits
 
99.1
 
 
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 






 
SIGNATURE
 
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.
 
Dated: June 25, 2024
 
OAK VALLEY BANCORP
 
 
 
 
 
 
 
 
 
 
By:
/s/ Jeffrey A. Gall
 
 
 
Jeffrey A. Gall
 
 
 
Executive Vice President, Chief Financial Officer
 
    and Corporate Secretary  
    (Principal Financial Officer and duly authorized signatory)  
 


 
Exhibit Index
 
 
ExhibitNo.
  
Description
     
99.1
  
Press Release of Oak Valley Bancorp dated June 24, 2024
104
  
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EX-99.1 2 ex_692160.htm EXHIBIT 99.1 ex_692160.htm

Exhibit 99.1

 

 

 PRESS RELEASE

 

For Immediate Release

 

Date:

June 24, 2024

Contact:

Chris Courtney/Rick McCarty

Phone:

(209) 848-BANK (2265)

Toll Free (866) 844-7500                           

www.ovcb.com

                                

 

OAK VALLEY COMMUNITY BANK DIRECTOR RETIRES

 

OAKDALE, CA – Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank (the “Bank”) and their Eastern Sierra Community Bank division, announced the retirement of Ronald C. Martin from the Bank and Company’s Boards of Directors, effective June 30, 2024.

 

Martin joined Oak Valley Community Bank as President and Chief Executive Officer in 1992, shortly after its formation. In 2004, Martin passed the role of President to current CEO, Chris Courtney and retained the CEO title until his retirement in 2013 continuing to serve as Director for the ten years that followed.

 

Martin played a pivotal role in building the Bank and shareholder confidence, particularly during the formative years. “Ron was instrumental in leading the bank for many years. We are very happy for him and wish him the best in this next phase of his retirement. His partnership and support helped us build the foundation on which OVCB stands today,” stated CEO, Chris Courtney.

 

Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 18 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra division, which includes Bridgeport, Mammoth Lakes, and Bishop.

 

For more information, call 1-866-844-7500 or visit www.ovcb.com.