OptimumBank Holdings Inc.

05/05/2025 | Press release | Distributed by Public on 05/05/2025 07:00

Management Change/Compensation (Form 8-K)

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

On May 1, 2025, OptimumBank Holdings, Inc. (the "Company") promoted Elliot Nunez, age 58, to serve as Executive Vice President and Chief Financial Officer of the Company. Mr. Nunez has served in the same capacity at the Company's subsidiary, OptimumBank, since February 2020.

Also on May 1, 2025, Joel Klein retired as the Company's interim Chief Financial Officer. He continues to serve on the Company's board of directors.

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