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| MVBF > SEC Filings for MVBF > Form 8-K on 22-Jan-2013 | All Recent SEC Filings |
22-Jan-2013
Change in Directors or Principal Officers, Financial Statements and Exhibits
On January 15, 2013, MVB Financial Corporation ("MVB") and its subsidiary, MVB Bank, Inc. ("Bank"), appointed Donald T. Robinson as Chief Operating Officer.
Robinson, 37, has served as Regional President of MVB Bank, Inc. since April 18, 2011. Prior to that, he was a Partner with Hayden Harper, a financial advisor and consulting firm from 2009 to 2011 and was SVP and Commercial Regional Manager for Huntington National Bank from 2006 to 2009. Neither Hayden Harper nor Huntington National Bank are affiliates of MVB.
No modifications were made to Robinson's employment contract with MVB, which was filed on MVB Financial Corp's Current Report dated April 18, 2011, except for a change in his base salary, which is now $250,000 annually.
Robinson currently has a mortgage loan with the Bank. This loan was made in the ordinary course of business, was made substantially the same terms (including interest rates, collateral and repayment terms on loans) as comparable transactions with non-affiliated persons, and did not involve more than the normal risk of collectability or present other unfavorable features.
(d) Exhibits
Exhibit No. Exhibit Description
99.1 Employment Agreement between MVB Bank, Inc. and MVB Financial Corp. and Donald T. Robinson (incorporated by reference to Exhibit 99.1 of MVB Financial Corp.'s Current Report on Form 8-K filed on April 18, 2011)
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