New Peoples Bankshares (NWPP) shareholders elect directors and ratify 2026 auditor

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

New Peoples Bankshares, Inc. reported the results of its 2026 Annual Shareholders’ Meeting held on May 19, 2026. Shareholders voted on director elections and the ratification of the independent auditor.

Holders of 23,555,517 common shares were entitled to vote as of March 25, 2026, with 16,288,711 shares represented in person or by proxy. Four directors — Gina D. Boggess, John D. Cox, James W. Kiser and Elizabeth Keene — were elected to three-year terms expiring in 2029, and Blaine S. White II was elected to a two-year term expiring in 2028.

Shareholders also ratified the Audit Committee’s appointment of Yount, Hyde & Barbour, P.C. as independent registered public accounting firm for the year ending December 31, 2026, with 16,264,554 votes for, 7,355 against and 16,802 abstentions. Management delivered an Annual Meeting presentation, furnished as Exhibit 99.1.

8-K Event Classification

3 items: 5.07, 8.01, 9.01

3 items

Item 5.07 Submission of Matters to a Vote of Security Holders Governance

Results of a shareholder vote on proposals at an annual or special meeting.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Shares entitled to vote: 23,555,517 shares Shares present at meeting: 16,288,711 shares Votes for auditor ratification: 16,264,554 votes +4 more

7 metrics

Shares entitled to vote 23,555,517 shares Common stock entitled to vote as of March 25, 2026

Shares present at meeting 16,288,711 shares Shares represented in person or by proxy at 2026 Annual Meeting

Votes for auditor ratification 16,264,554 votes For Yount, Hyde & Barbour, P.C. as 2026 auditor

Votes against auditor ratification 7,355 votes Against ratifying Yount, Hyde & Barbour, P.C.

Abstentions on auditor ratification 16,802 votes Abstain votes on ratifying auditor for year ending December 31, 2026

Votes for Gina D. Boggess 14,629,045 votes Director nominee, term expiring in 2029

Votes for Blaine S. White II 14,602,912 votes Director nominee, term expiring in 2028

Key Terms

forward-looking statements, Annual Shareholders’ Meeting, broker non-votes, independent registered public accounting firm, +1 more

5 terms

forward-looking statements financial

"Our disclosure and analysis in Exhibit 99.1 attached to this on contains some forward-looking statements."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Annual Shareholders’ Meeting financial

"New Peoples Bankshares, Inc. (the “Company”) held its 2026 Annual Shareholders’ Meeting (the “Annual Meeting”) on May 19, 2026."

A company's annual shareholders’ meeting is a yearly gathering where owners of the company review performance, vote on key decisions (like electing the board or approving executive pay), and ask management questions. Investors care because it’s the main forum to influence how the company is run and to get direct updates—think of it as a town hall where owners judge leaders and set the rules that affect the value of their investment.

broker non-votes financial

Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.

independent registered public accounting firm financial

"The shareholders ratified the Audit Committee’s appointment of Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2026."

An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.

Audit Committee financial

"The shareholders ratified the Audit Committee’s appointment of Yount, Hyde & Barbour, P.C."

A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.

Understanding 8-K Material Events →

05/26/2026 - 02:57 PM

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, 2026

	New Peoples Bankshares, Inc.
(Exact name of registrant as specified in its charter)

Virginia	000-33411	31-1804543
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	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:

[ ]

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
None

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. [ ]

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Our disclosure and analysis in Exhibit 99.1 attached to this Current Report on Form 8-K contains some forward-looking statements. These forward-looking statements are based on current expectations that involve risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may differ materially. These risks include: changes in business or other market conditions; the timely development, production and acceptance of new products and services; the challenge of managing asset/liability levels; the management of credit risk and interest rate risk; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the Company's Securities and Exchange Commission reports including, but not limited to, the most recent quarterly report filed on Form 10-Q, current reports filed on Form 8-K, and the Annual Report on Form 10-K for the most recent fiscal year end. Pursuant to the Private Securities Litigation Reform Act of 1995, the Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

Item 5.07 Submission of Matters to a Vote of Security Holders

New Peoples Bankshares, Inc. (the “Company”) held its 2026 Annual Shareholders’ Meeting (the “Annual Meeting”) on May 19, 2026. A total of 23,555,517 shares of the Company’s Common Stock were entitled to vote as of March 25, 2026, the record date for the Annual Meeting. There were 16,288,711 shares present at the Annual Meeting in person or by proxy, and the shareholders voted on two proposals.

Proposal 1: Election of Directors

The shareholders elected four directors to serve three-year terms expiring in 2029 and one director to serve a two-year term expiring in 2028. The four directors elected to serve the three-year terms were Gina D. Boggess, John D. Cox, James W. Kiser and Elizabeth Keene. The director elected to serve the two-year term was Blaine S. White II. The results of the vote were as follows:

Nominees	Votes FOR	Votes Withheld	Broker Non-Votes	Uncast Votes
Term Expiring in 2029
Gina D. Boggess	14,629,045	37,547	1,622,119	-
John D. Cox	14,638,919	27,673	1,622,119	-
James W. Kiser	14,643,072	23,520	1,622,119	-
Elizabeth Keene	14,597,132	69,460	1,622,119	-

Term Expiring in 2028
Blaine S. White II	14,602,912	63,680	1,622,119	-

Proposal 2: Ratification of the Appointment of Independent Registered Public Accounting Firm

The shareholders ratified the Audit Committee’s appointment of Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2026. The results of the vote follow:

Votes FOR		Votes AGAINST		Votes ABSTAIN		Uncast Votes
16, 264,554		7,355		16,802		-


Item 8.01	Other Events

On May 19, 2026, members of management of the Company made a presentation at the Annual Meeting. A copy of the presentation is attached to this report as Exhibit 99.1 and is being furnished to the Securities and Exchange Commission and shall not be deemed “filed” for any purpose.

Item 9.01

Financial Statements and Exhibits

(d)

Exhibits

Exhibit No.		Exhibit Description
99.1		Annual Meeting Presentation

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.

Date:	May 26, 2026	By:	/s/ Belinda F. Shrader
			Belinda F. Shrader
			Vice President and Finance Director and Assistant Secretary

Exhibit 99.1

Source: View Original Filing on SEC EDGAR

FAQ

What did New Peoples Bankshares (NWPP) report from its 2026 Annual Meeting?

New Peoples Bankshares reported voting results from its 2026 Annual Shareholders’ Meeting. Shareholders elected five directors for terms ending in 2028 and 2029 and ratified the appointment of Yount, Hyde & Barbour, P.C. as independent registered public accounting firm for 2026.

How many New Peoples Bankshares (NWPP) shares were entitled to vote and present?

A total of 23,555,517 New Peoples Bankshares common shares were entitled to vote as of March 25, 2026. At the meeting, 16,288,711 shares were represented in person or by proxy, forming the basis for the director and auditor ratification votes.

Which directors were elected at New Peoples Bankshares’ 2026 Annual Meeting?

Shareholders elected Gina D. Boggess, John D. Cox, James W. Kiser and Elizabeth Keene to three-year terms expiring in 2029. They also elected Blaine S. White II to a two-year term expiring in 2028, based on the voting results disclosed.

What were the auditor ratification results for New Peoples Bankshares (NWPP)?

Shareholders ratified Yount, Hyde & Barbour, P.C. as independent registered public accounting firm for the year ending December 31, 2026. The vote totals were 16,264,554 shares for, 7,355 against and 16,802 abstaining, with no uncast votes reported.

Did New Peoples Bankshares (NWPP) provide an annual meeting presentation?

Yes. Members of management gave a presentation at the 2026 Annual Shareholders’ Meeting. A copy is furnished as Exhibit 99.1 to the report and is being provided to the Securities and Exchange Commission as supplemental information, not deemed filed.

What forward-looking statement cautions did New Peoples Bankshares include?

The company noted that Exhibit 99.1 contains forward-looking statements based on current expectations involving risks and uncertainties. It highlighted risks such as market conditions, product acceptance, credit and interest rate management, expense control, and referenced its Form 10-Q and Form 10-K reports.

Filing Exhibits & Attachments

21 documents