MVB FINANCIAL CORP 8-K

What Happened

• MVB Financial Corp (MVBF) filed an 8-K on Feb. 18, 2026 announcing two governance changes: the appointment of Adam Famularo to the Company’s Board (he is a member of the Finance Committee) and the naming of longtime director Dr. Kelly R. Nelson as Board Chairman, effective Feb. 17, 2026. Dr. Nelson replaces retiring Chairman W. Marston “Marty” Becker.

Key Details

• Adam Famularo: CEO of WorkFusion since 2021, with prior CEO and senior leadership roles at erwin, Verizon and CA Technologies; serves on boards of Lucidworks, DQ Labs, Inc. and First Due Size‑Up. He will receive the same compensation as other non‑employee directors. The company reported no related‑party transactions or special arrangements tied to his appointment.
• Dr. Kelly R. Nelson: Board member since 2004; formerly chaired the Risk & Compliance Committee and is a member of the Audit and Nominating & Corporate Governance Committees; effective chairman as of Feb. 17, 2026.
• The announcements were made via company press releases dated Feb. 18, 2026 and furnished in the 8‑K.

Why It Matters

• Leadership and board composition changes affect corporate governance and oversight. Famularo brings experience in financial technology and agentic AI—areas relevant to banks’ technology, compliance and fraud‑prevention efforts—while Dr. Nelson’s promotion to chairman reinforces the board’s emphasis on risk and compliance oversight. There were no disclosed related‑party transactions or special compensation arrangements tied to these changes.