OptimumBank Holdings, Inc. (NASDAQ: OPHC) Reports Resignation of Director

OptimumBank Holdings, Inc. (NASDAQ: OPHC) recently filed a Form 8-K with the Securities and Exchange Commission announcing the resignation of Martin Z. Schmidt from the Boards of Directors of OptimumBank Holdings, Inc. and OptimumBank, effective January 28, 2025. Mr. Schmidt expressed that his resignation did not stem from any disagreements with either entity.

As per the filing, the resignation of Martin Z. Schmidt was disclosed under Item 5.02, which addresses Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; and Compensatory Arrangements of Certain Officers. Additionally, the filing under Item 9.01 included the submission of financial statements and exhibits.

Following the departure of Martin Z. Schmidt, OptimumBank Holdings, Inc. (NASDAQ: OPHC) remains committed to its operations and strategic objectives. The management assured that they will continue to work towards the company’s growth and success despite the change in board composition.

The information presented in the Form 8-K filing, including the various exhibits attached, is not considered as “filed” for purposes of the Securities Exchange Act of 1934. Therefore, the details provided in the filing are not subject to the liabilities defined under the Exchange Act and are not intended to be incorporated by reference into any registration statements or similar documents.

The filing was signed off by Moishe Gubin, Chairman of the Board of Directors at OptimumBank Holdings, Inc., who indicated that the report was duly authorized on behalf of the registrant on January 28, 2025. Investors and stakeholders may refer to the official SEC filing for more detailed information regarding the resignation of Martin Z. Schmidt.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read OptimumBank’s 8K filing here.

OptimumBank Company Profile

OptimumBank Holdings, Inc operates as the bank holding company for OptimumBank that provides various consumer and commercial banking services to individuals and businesses. It accepts demand interest-bearing and noninterest-bearing, savings, money market, and NOW accounts, as well as time deposits, wire transfers, ACH services, and certificates of deposit.