Trico Bancshares Files Definitive Proxy Statement (DEF 14A)
Ticker: TCBK · Form: DEF 14A · Filed: Apr 19, 2024 · CIK: 356171
Sentiment: neutral
Topics: Trico Bancshares, DEF 14A, Proxy Statement, SEC Filing, Corporate Governance
TL;DR
<b>Trico Bancshares has filed its Definitive Proxy Statement (DEF 14A) for the period ending April 19, 2024.</b>
AI Summary
TRICO BANCSHARES / (TCBK) filed a Proxy Statement (DEF 14A) with the SEC on April 19, 2024. Trico Bancshares filed a DEF 14A form on April 19, 2024. The filing covers the period ending April 19, 2024. The company's fiscal year ends on December 31. Trico Bancshares is incorporated in California. The company's business and mailing address is 63 Constitution Drive, Chico, CA 95973.
Why It Matters
For investors and stakeholders tracking TRICO BANCSHARES /, this filing contains several important signals. This filing is a routine proxy statement, indicating shareholder meeting information and executive compensation details are being disclosed. As a publicly traded company, Trico Bancshares is required to file such documents to ensure transparency with its shareholders regarding corporate governance and financial matters.
Risk Assessment
Risk Level: low — TRICO BANCSHARES / shows low risk based on this filing. The filing is a standard DEF 14A, which is a routine disclosure for publicly traded companies and does not contain new financial performance data or significant strategic changes.
Analyst Insight
Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to understand Trico Bancshares' corporate governance and management structure.
Key Numbers
- 2024-04-19 — Report Date (Conformed Period of Report)
- 2024-04-19 — Filing Date (Filed as of Date)
- 1231 — Fiscal Year End (Fiscal Year End)
- 6022 — SIC Code (Standard Industrial Classification)
Key Players & Entities
- TRICO BANCSHARES (company) — Filer name
- 0000356171 (company) — Central Index Key
- CA (company) — State of Incorporation
- 63 CONSTITUTION DRIVE (company) — Business Address
- CHICO (company) — Business Address City
- 95973 (company) — Business Address Zip
- 5308980300 (company) — Business Phone
- 1934 Act (regulator) — SEC Act
FAQ
When did TRICO BANCSHARES / file this DEF 14A?
TRICO BANCSHARES / filed this Proxy Statement (DEF 14A) with the SEC on April 19, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by TRICO BANCSHARES / (TCBK).
Where can I read the original DEF 14A filing from TRICO BANCSHARES /?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by TRICO BANCSHARES /.
What are the key takeaways from TRICO BANCSHARES /'s DEF 14A?
TRICO BANCSHARES / filed this DEF 14A on April 19, 2024. Key takeaways: Trico Bancshares filed a DEF 14A form on April 19, 2024.. The filing covers the period ending April 19, 2024.. The company's fiscal year ends on December 31..
Is TRICO BANCSHARES / a risky investment based on this filing?
Based on this DEF 14A, TRICO BANCSHARES / presents a relatively low-risk profile. The filing is a standard DEF 14A, which is a routine disclosure for publicly traded companies and does not contain new financial performance data or significant strategic changes.
What should investors do after reading TRICO BANCSHARES /'s DEF 14A?
Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to understand Trico Bancshares' corporate governance and management structure. The overall sentiment from this filing is neutral.
How does TRICO BANCSHARES / compare to its industry peers?
Trico Bancshares operates within the commercial banking industry, providing financial services.
Are there regulatory concerns for TRICO BANCSHARES /?
As a publicly traded entity, Trico Bancshares is subject to the regulations of the Securities and Exchange Commission (SEC), requiring regular filings like this DEF 14A.
Industry Context
Trico Bancshares operates within the commercial banking industry, providing financial services.
Regulatory Implications
As a publicly traded entity, Trico Bancshares is subject to the regulations of the Securities and Exchange Commission (SEC), requiring regular filings like this DEF 14A.
What Investors Should Do
- Analyze executive compensation packages disclosed in the proxy statement.
- Review board member nominations and any shareholder proposals.
- Understand the company's voting procedures and meeting agenda.
Key Dates
- 2024-04-19: Filing Date — Definitive Proxy Statement filed.
Year-Over-Year Comparison
This is a DEF 14A filing, which typically contains information about upcoming shareholder meetings and executive compensation, rather than financial performance updates compared to previous filings.
Filing Stats: 4,522 words · 18 min read · ~15 pages · Grade level 13.6 · Accepted 2024-04-19 16:23:15
Key Financial Figures
- $117.4 million — ions Stability of net income which was $117.4 million for 2023, as compared to $125.4 million
- $125.4 million — $117.4 million for 2023, as compared to $125.4 million during 2022 $9.9 billion in assets at
- $9.9 billion — compared to $125.4 million during 2022 $9.9 billion in assets at December 31, 2023 and Dece
- $7,500 — am that offers a lender credit of up to $7,500, specifically focused on increasing hom
- $1.5 million — sters. Supporting our communities with $1.5 million in donations and sponsorships including
- $800,000 — nations and sponsorships including over $800,000 in charitable contributions to support
- $110,000 — arship program that awards greater than $110,000 annually to students who demonstrate in
- $1,500 — urship. In 2023, the Bank awarded sixty $1,500 scholarships to students with a Student
Filing Documents
- tcbk-20240418.htm (DEF 14A) — 1518KB
- tcbk-20240418_g1.jpg (GRAPHIC) — 11KB
- tcbk-20240418_g10.jpg (GRAPHIC) — 53KB
- tcbk-20240418_g11.jpg (GRAPHIC) — 101KB
- tcbk-20240418_g12.jpg (GRAPHIC) — 83KB
- tcbk-20240418_g13.jpg (GRAPHIC) — 100KB
- tcbk-20240418_g14.gif (GRAPHIC) — 51KB
- tcbk-20240418_g15.gif (GRAPHIC) — 56KB
- tcbk-20240418_g2.jpg (GRAPHIC) — 17KB
- tcbk-20240418_g3.jpg (GRAPHIC) — 45KB
- tcbk-20240418_g4.jpg (GRAPHIC) — 25KB
- tcbk-20240418_g5.jpg (GRAPHIC) — 27KB
- tcbk-20240418_g6.jpg (GRAPHIC) — 27KB
- tcbk-20240418_g7.jpg (GRAPHIC) — 22KB
- tcbk-20240418_g8.jpg (GRAPHIC) — 76KB
- tcbk-20240418_g9.jpg (GRAPHIC) — 51KB
- 0000356171-24-000014.txt ( ) — 4236KB
- tcbk-20240418.xsd (EX-101.SCH) — 3KB
- tcbk-20240418_def.xml (EX-101.DEF) — 4KB
- tcbk-20240418_lab.xml (EX-101.LAB) — 5KB
- tcbk-20240418_pre.xml (EX-101.PRE) — 3KB
- tcbk-20240418_htm.xml (XML) — 180KB
Executive Compensation Highlights
Executive Compensation Highlights Strong Best Practices A nnual review of pay equity practices Annual say-on-pay advisory vote Robust code of business conduct and ethics Pay for performance Use of independent compensation consultant which reports directly to the compensation and management succession committee No excise tax gross-ups No option repricing without shareholder approval Stock ownership guidelines for executive officers Clawback policy and provisions Balanced focus between short and long-term forms of incentive compensation, which are tied to Company performance and shareholder value creation Environmental, Social and Governance (ESG) Highlights Overview We take a comprehensive approach to corporate social responsibility that includes investing in our communities and creating a culture of strong corporate governance and risk management. We believe that this approach enables us to more effectively serve our stockholders, clients, communities, and colleagues. While our approach to ESG continues to evolve, we are currently focusing on creating value through the following prioritized areas: governance; diversity, equity and inclusion ("DEI"); engaging and empowering employees; and investing in our communities, including affordable housing, direct giving, partnering with small business investment companies, and employee volunteerism. We will continue to evaluate and assess how ESG can be measured and monitored by community financial institutions such as the Company. Human Capital / Social Highlights We believe that a high-performing collaborative workforce in an environment that supports diverse thought and opinions is the key to success. As such, we continuously seek to attract, develop, and retain an engaged workforce by providing a safe and inclusive environment that values unique opinions and beliefs, inspires innovative solutions, and enables people to thrive. Diversity Continue to expand the ratio of minorities and women in lea