UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(d)Appointment of Additional Director
On December 14, 2022, the Board of Directors (the “Board”) of Mid-Southern Bancorp, Inc. (the “Company”) authorized an increase in the size of the Board from seven to eight members effective December 14, 2022. On December 14, 2022, to fill the vacancy the Board appointed the Company’s Executive Vice President and Senior Loan Officer, James (Jimmy) O. King, III, age 49, to the Board as a member of the class of directors serving with a term expiring at the Company’s 2024 Annual Meeting of Stockholders. Mr. King joined Mid-Southern Savings Bank in October 2021 as Executive Vice President and Senior Loan Officer. Before joining the Bank, he held several positions at King Southern Bank of Chaplin, Kentucky, with the last being President and Chief Executive Officer of King Southern Bank and its holding company, King Bancorp, Inc. from 2015 through May 2019. After King Bancorp, Inc. was acquired in May 2019 by Stock Yards Bancorp, Inc., the parent company of Stock Yards Bank & Trust in Louisville, Kentucky, Mr. King remained with the acquiring bank as Business Development Officer from May 2019 to October 2021 to assist in the transition of the customer base. Mr. King was appointed as a director because of his role as an executive officer, his knowledge of the banking industry and his in-depth knowledge of the Company and its expanding market in Kentucky. As a result of these and other professional experiences, Mr. King possesses particular knowledge and experience that strengthens the Board’s collective qualifications, skills and experience.
In connection with his appointment, Mr. King will receive no additional compensation for his service as a member of the Board of Directors in accordance with the Company’s standard compensation arrangements for compensation of directors serving as executive officers of the Company. There are no transactions between the Company and Mr. King that would currently require disclosure under Item 404(a) of Regulation S-K.
Item 9.01 | Financial Statements and Exhibits. |
(d)Exhibits
The following exhibit is being furnished herewith and this list shall constitute the exhibit index:
99.1Press release dated December 15, 2022
104Cover Page Interactive Data File (embedded within the Inline XBRL document)
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.
MID-SOUTHERN BANCORP, INC. | |
Date: December 15, 2022 | /s/ Alexander G. Babey |
Alexander G. Babey | |
President and Chief Executive Officer |