New Peoples Bankshares Inc. Announces CAO Retirement; CFO to Assume Duties

What Happened
New Peoples Bankshares, Inc. (NWPP) filed an 8-K on Jan 16, 2026 reporting that John J. Boczar, Chief Accounting Officer and Secretary of the company and its bank subsidiary, retired effective December 19, 2025. The company reported this on December 22, 2025 and stated the retirement was not due to any disagreement with the company’s operations, policies or practices. Christopher G. Speaks, the company’s Chief Financial Officer, will assume the duties of principal accounting officer.

Key Details

• John J. Boczar retired effective December 19, 2025.
• The company reported the retirement on December 22, 2025 and filed the 8-K on January 16, 2026.
• The retirement was expressly not related to any disagreement with the company’s operations, policies or practices.
• Christopher G. Speaks (CFO) will take on the principal accounting officer responsibilities.

Why It Matters
This is a leadership change in the company’s accounting function that investors should note for governance and financial reporting continuity. The CFO assuming principal accounting officer duties indicates internal continuity rather than an external hire. The filing’s statement that the retirement was not due to any disagreement helps reduce concern about conflicts affecting financial disclosure or operations.