May 8 (Reuters) - Otelco Inc OTEL.O :
* OTELCO REPORTS FIRST QUARTER 2019 OPERATIONAL AND FINANCIAL RESULTS
* Q1 EARNINGS PER SHARE $0.67
* Q1 REVENUE FELL 5.8 PERCENT TO $15.8 MILLION
* RICHARD CLARK NAMED PRESIDENT; NEW INDEPENDENT BOARD MEMBERS PROPOSED
* ROB SOUZA, CHIEF EXECUTIVE OFFICER AND A DIRECTOR OF OTELCO, HAS ANNOUNCED HE WILL RETIRE ON DECEMBER 31, 2019
* COINCIDENT WITH SOUZA'S RETIREMENT, CLARK WILL ASSUME ADDITIONAL POSITION OF CEO