Plumas Bancorp Enters Material Definitive Agreement
Ticker: PLBC · Form: 8-K · Filed: Feb 22, 2024 · CIK: 1168455
Sentiment: neutral
Topics: material-agreement, corporate-action
TL;DR
**Plumas Bancorp just signed a big deal, watch for details!**
AI Summary
Plumas Bancorp filed an 8-K on February 22, 2024, reporting an event that occurred on February 21, 2024, concerning an entry into a material definitive agreement. The filing indicates that the company, based in Reno, Nevada, with IRS Employer Identification No. 75-2987096, has entered into an agreement that is significant enough to warrant immediate disclosure.
Why It Matters
This filing signals a new, significant contractual obligation or opportunity for Plumas Bancorp, which could impact its financial performance or strategic direction.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, but without details, the specific risks or benefits are unknown.
Key Players & Entities
- PLUMAS BANCORP (company) — registrant
- February 21, 2024 (date) — date of earliest event reported
- February 22, 2024 (date) — filing date
- 75-2987096 (dollar_amount) — IRS Employer Identification No.
- Reno, Nevada (company) — business address location
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 21, 2024.
What is the name of the registrant company?
The registrant company is PLUMAS BANCORP.
What is the business address of Plumas Bancorp?
The business address of Plumas Bancorp is 5525 Kietzke Lane, Suite 100, Reno, Nevada 89511.
What is the registrant's telephone number?
The registrant's telephone number is (775) 786-0907.
What type of event is reported under Item 1.01?
Item 1.01 reports an "Entry into a Material Definitive Agreement."
Filing Stats: 604 words · 2 min read · ~2 pages · Grade level 12.6 · Accepted 2024-02-22 13:43:05
Filing Documents
- plbc20240222_8k.htm (8-K) — 29KB
- 0001437749-24-005178.txt ( ) — 158KB
- noticker-20240221.xsd (EX-101.SCH) — 3KB
- noticker-20240221_def.xml (EX-101.DEF) — 11KB
- noticker-20240221_lab.xml (EX-101.LAB) — 15KB
- noticker-20240221_pre.xml (EX-101.PRE) — 11KB
- plbc20240222_8k_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On February 21, 2024, the Board of Directors of Plumas Bancorp (the "Company") and its subsidiary, Plumas Bank (the "Bank"), entered into indemnification agreements for Sushil Patel, appointed to the Board on February 6, 2024. The indemnification agreements require the Company and the Bank to indemnify their directors and executive officers and to advance expenses on their behalf to the fullest extent permitted by applicable law and establish the procedures by which a director or executive officer may request and receive indemnification. The agreements are in addition to other rights to which a director or executive officer may be entitled under the Company's or the Bank's articles of incorporation, bylaws and applicable law. The foregoing summary description of the indemnification agreements is not intended to be complete and is qualified in its entirety by the complete text of the forms of indemnification agreements filed as Exhibits 10.1 and 10.2 to the Registrant's Form 8-K filed August 20, 2020 which is incorporated by this reference herein.
01 Exhibits
Item 9.01 Exhibits Number Description 10.1 Form of Plumas Bancorp Indemnification Agreement (incorporated by reference to Exhibit 10.1 of the Company's Form 8-K filed on August 20, 2020) 10.2 Form of Plumas Bank Indemnification Agreement (incorporated by reference to Exhibit 10.2 of the Company's Form 8-K filed on August 20, 2020) 104 Cover Page Interactive Data File
SIGNATURES
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. Plumas Bancorp (Registrant) February 22, 2024 By: /s/ Richard L. Belstock Name: Richard L. Belstock Title: Chief Financial Officer EXHIBIT INDEX Number Description 10.1 Form of Plumas Bancorp Indemnification Agreement 10.2 Form of Plumas Bank Indemnification Agreement 104 Cover Page Interactive Data File