Sierra Bancorp Files 8-K on Shareholder Votes

TL;DR

Sierra Bancorp filed an 8-K on shareholder votes, standard procedure for corporate governance.

AI Summary

Sierra Bancorp filed an 8-K on May 24, 2024, reporting on matters submitted to a vote of security holders as of May 22, 2024. The filing details the company's corporate structure, financial information, and operational status as a commercial bank incorporated in California.

Why It Matters

This filing provides transparency to investors regarding important corporate decisions and votes that could impact the company's future direction and shareholder value.

Risk Assessment

Risk Level: low — This is a routine corporate filing detailing a vote of security holders, not indicating any immediate financial distress or significant operational change.

Key Players & Entities

• SIERRA BANCORP (company) — Registrant
• May 22, 2024 (date) — Date of earliest event reported
• May 24, 2024 (date) — Date of report
• California (location) — State of incorporation
• 86 North Main Street, Porterville, CA 93257 (address) — Principal executive offices

FAQ

Filing Documents

• bsrr-20240522x8k.htm (8-K) — 53KB
• 0001558370-24-008627.txt ( ) — 168KB
• bsrr-20240522.xsd (EX-101.SCH) — 3KB
• bsrr-20240522_lab.xml (EX-101.LAB) — 15KB
• bsrr-20240522_pre.xml (EX-101.PRE) — 10KB
• bsrr-20240522x8k_htm.xml (XML) — 5KB

07 submission of matters to a vote of security holders

Item 5.07 submission of matters to a vote of security holders The Company's annual meeting of shareholders was held on May 22, 2024, at which time shareholders voted in favor of item 1, election of directors, item 2, ratification of appointment of RSM, and item 3, advisory vote on executive compensation. Proxies were solicited by the Company's management pursuant to Section 14 of the Securities Exchange Act of 1934, and regulations thereunder. A total of 11,491,732 shares were represented and voting at the meeting, constituting 78.45% of the 14,647,872 issued and outstanding shares entitled to vote at the meeting. There was no solicitation in opposition to Management's nominees for directorship as listed in the proxy statement, and all of such nominees were elected pursuant to the vote of shareholders. The vote on the election of the six nominees to serve as Class II directors for two-year terms was as follows: 1 For Percent Votes Cast "For" Against and Withheld James C. Holly 8,077,235 91.70% 731,357 Morris A. Tharp 7,742,544 87.90% 1,066,048 Kevin J. McPhaill 8,468,717 96.14% 339,875 Lynda B. Scearcy 7,963,319 90.40% 845,273 Susan M. Abundis 8,431,823 95.72% 376,769 Michele M. Gil 8,447,910 95.91% 360,682 There were 2,683,140 broker non-votes received with respect to this item. The terms of the following directors continued after the shareholders' meeting: Albert L. Berra, Vonn R. Christenson, Ermina Karim, Julie G. Castle, Laurence S. Dutto, and Gordon T. Woods. The appointment of RSM US LLP as the Company's independent registered public accounting firm for 2024 was ratified, with the number of shares cast as follows: For: 11,263,371 Against: 88,918 Abstain: 139,443 The number voting "for" constituted 99.21% of the total number of shares represented and voting at the meeting with respect to proposal 2. There were no broker non-votes with respect to this item. The advisory vote on executiv

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SIERRA BANCORP Dated: May 24, 2024 By: /s/ Christopher G. Treece Christopher G. Treece Executive Vice President & Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR