Peoples Bancorp names Michael B. Hollar to boards

Peoples Bancorp of North Carolina, Inc. reports that on July 16, 2026, the boards of the company and its wholly owned subsidiary, Peoples Bank, elected Michael B. Hollar to serve as a director of both entities.

Accepted by SEC EDGAR 07/21/2026 - 11:04 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Peoples Bancorp of North Carolina, Inc. reports that on July 16, 2026, the boards of the company and its wholly owned subsidiary, Peoples Bank, elected Michael B. Hollar to serve as a director of both entities. The disclosure states there are no arrangements or understandings with any person under which he was elected, no family relationships with any director or executive officer, and no related-party transactions in the last fiscal year requiring disclosure under Item 404(a) of Regulation S‑K. Hollar has not been appointed to any board committees at this time.

The company also includes a standard caution regarding forward-looking statements, noting such statements involve risks and uncertainties and may differ materially from actual results due to various economic, strategic, and regulatory factors.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Terms

forward-looking statements, safe harbor provisions, Private Securities Litigation Act of 1995, Item 404(a) of Regulation S-K, +1 more

5 terms

forward-looking statements regulatory

"Disclosure about forward-looking statements Statements made in this , other than those"

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.

safe harbor provisions regulatory

"considered forward-looking statements pursuant to the safe harbor provisions of the"

Safe harbor provisions are rules or legal protections that shield companies or individuals from certain penalties or liabilities when they follow specific guidelines or procedures. They provide a sense of security, encouraging compliance and innovation by reducing the fear of legal repercussions if they act in good faith. For investors, these provisions help ensure that companies are transparent and accountable without the risk of unfair punishment for honest mistakes.

Private Securities Litigation Act of 1995 regulatory

"Exchange Act of 1934 and the Private Securities Litigation Act of 1995."

A U.S. federal law that changed how private lawsuits over alleged securities fraud are brought and handled. It introduced clearer rules for who leads group suits, raised the bar for what plaintiffs must show early on, and limited early-stage discovery and certain lawsuits over forward-looking statements. Investors care because the law affects a company’s legal risk, the likelihood and size of settlements, and short-term stock volatility—like a referee tightening rules to reduce frivolous challenges and keep the game more orderly.

Item 404(a) of Regulation S-K regulatory

"would require disclosure under Item 404(a) of Regulation S-K."

risk factors regulatory

"Readers should also carefully review the risk factors described in other documents"

Risk factors are elements or conditions that could cause an investment's value to decrease or lead to potential losses. They are like warning signs or obstacles that can affect the success of an investment, making it uncertain or more unpredictable. Recognizing risk factors helps investors understand the possible challenges and make more informed decisions.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What board change did Peoples Bancorp of North Carolina (PEBK) disclose?

Peoples Bancorp of North Carolina (PEBK) disclosed that Michael B. Hollar was elected to the boards of both the company and its subsidiary, Peoples Bank, on July 16, 2026. He has not yet been appointed to any board committees.

Does the new PEBK director Michael B. Hollar have related-party ties to the company?

The company states that Michael B. Hollar has no family relationships with directors or executive officers and that there were no transactions with him in the last fiscal year requiring disclosure under Item 404(a) of Regulation S‑K.

Are there any agreements behind Michael B. Hollar’s appointment to PEBK’s board?

Peoples Bancorp reports there are no arrangements or understandings between Michael B. Hollar and any other person under which he was elected to the boards of the company and Peoples Bank.

What committees will Michael B. Hollar serve on at Peoples Bancorp (PEBK)?

As of his election on July 16, 2026, Michael B. Hollar has not been appointed to any committees of the boards of Peoples Bancorp of North Carolina, Inc. or Peoples Bank. Committee assignments may be determined later.

What forward-looking statement guidance did Peoples Bancorp (PEBK) provide?

The company explains that its forward-looking statements involve risks and uncertainties and may differ materially from actual results, citing factors such as interest rate changes, management’s business strategy, market conditions, and legislative and regulatory conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 (Date of earliest event reported): July 16, 2026

Peoples Bancorp of North Carolina, Inc.

(Exact Name of Registrant as Specified in Its Charter)

North Carolina

(State or Other Jurisdiction of Incorporation)

000-27205		56-2132396
(Commission File No.)		(IRS Employer Identification No.)
518 West C Street, Newton, North Carolina		28658
(Address of Principal Executive Offices)		(Zip Code)

(828) 464-5620

(Registrant’s Telephone Number, Including Area Code)

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))

Peoples Bancorp of North Carolina, Inc.

INDEX

	Page
Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers	3
Signatures	4

2

Table of Contents

Item 5.02.  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(d) On July 16, 2026, the Boards of Directors of Peoples Bancorp of North Carolina, Inc. (the “Company”) and its wholly-owned subsidiary, Peoples Bank (the “Bank”) elected Michael B. Hollar to the Boards of Directors of the Company and the Bank.

There are no arrangements or understandings between Mr. Hollar and any other person pursuant to which Mr. Hollar was appointed to serve on the Boards of Directors. There are no family relationships between Mr. Hollar and any other director or executive officer of the Company, and there have been no transactions between Mr. Hollar and the Company in the last fiscal year, and none are currently proposed that would require disclosure under Item 404(a) of Regulation S-K.

Mr. Hollar has not been appointed to any committees of the Company or Bank Board of Directors at this time.

Disclosure about forward-looking statements

Statements made in this Form 8-K, other than those concerning historical information, should be considered forward-looking statements pursuant to the safe harbor provisions of the Securities Exchange Act of 1934 and the Private Securities Litigation Act of 1995. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of management and on the information available to management at the time that this report was prepared. These statements can be identified by the use of words like “expect,” “anticipate,” “estimate,” and “believe,” variations of these words and other similar expressions. Readers should not place undue reliance on forward-looking statements as a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, changes in interest rate environment, management’s business strategy, national, regional, and local market conditions and legislative and regulatory conditions.

The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. Readers should also carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission.

3

Table of Contents

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.

	PEOPLES BANCORP OF NORTH CAROLINA, INC.
Date: July 21, 2026	By:	/s/ Jeffrey N. Hooper
	Jeffrey N. Hooper
	Executive Vice President and Chief Financial Officer

4

Filing Exhibits & Attachments

5 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 4.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 12.8 KB
• EX-101 XBRL TAXONOMY EXTENSION CALCULATION LINKBASE 898 B
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 8.0 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 2.0 KB