Plumas Bancorp Director Changes and Executive Compensation Update
Ticker: PLBC · Form: 8-K · Filed: Mar 21, 2024 · CIK: 1168455
Sentiment: neutral
Topics: director-change, executive-compensation
Related Tickers: PLBC
TL;DR
Plumas Bancorp director McFall out, O'Brien in. Exec comp details filed.
AI Summary
Plumas Bancorp announced on March 20, 2024, the departure of director Michael R. McFall and the appointment of new director, Michael J. O'Brien. The company also reported on compensatory arrangements for its named executive officers. No specific dollar amounts or new financial statements were detailed in this filing.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while updates on executive compensation are relevant to shareholder interests.
Risk Assessment
Risk Level: low — This filing primarily concerns director changes and executive compensation disclosures, which are routine and do not indicate immediate financial distress or significant operational shifts.
Key Players & Entities
- Plumas Bancorp (company) — Registrant
- Michael R. McFall (person) — Departing Director
- Michael J. O'Brien (person) — Appointed Director
- March 20, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from the Board of Directors of Plumas Bancorp?
Michael R. McFall has departed from the Board of Directors of Plumas Bancorp as of March 20, 2024.
Who has been appointed as a new director to Plumas Bancorp's Board?
Michael J. O'Brien has been appointed as a new director to Plumas Bancorp's Board.
What is the primary purpose of this Form 8-K filing?
This Form 8-K filing reports the departure of a director, the election of a new director, and information regarding compensatory arrangements of certain officers.
What is the state of incorporation for Plumas Bancorp?
Plumas Bancorp is incorporated in California.
What is the principal executive office address for Plumas Bancorp?
The principal executive office address for Plumas Bancorp is 5525 Kietzke Lane, Suite 100, Reno, Nevada 89511.
Filing Stats: 597 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-03-21 15:32:58
Filing Documents
- plbc20240320_8k.htm (8-K) — 26KB
- ex_642606.htm (EX-10.1) — 62KB
- 0001437749-24-008851.txt ( ) — 230KB
- noticker-20240320.xsd (EX-101.SCH) — 3KB
- noticker-20240320_def.xml (EX-101.DEF) — 11KB
- noticker-20240320_lab.xml (EX-101.LAB) — 15KB
- noticker-20240320_pre.xml (EX-101.PRE) — 11KB
- plbc20240320_8k_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 10.1 Form of Restricted Stock Unit Agreement Under Plumas Bancorp 2022 Equity Incentive Plan 10.2 Plumas Bancorp 2022 Equity Incentive Plan (incorporated by reference to Appendix A to Plumas Bancorp's Definitive Proxy Statement filed on March 28, 2022) 104 Cover Page Interactive Data File SIGNATURE 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 Dated: March 21, 2024 By: /s/ Richard L. Belstock Name: Richard L. Belstock Title: Chief Financial Officer