Sierra Bancorp Appoints New CFO
Ticker: BSRR · Form: 8-K · Filed: Jul 25, 2024 · CIK: 1130144
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
Sierra Bancorp names new CFO, Kevin McCarville, starting Aug 5th with $275k salary.
AI Summary
Sierra Bancorp announced on July 23, 2024, the appointment of Kevin D. McCarville as Chief Financial Officer, effective August 5, 2024. McCarville will receive an annual base salary of $275,000 and will also be eligible for an annual incentive bonus. He previously served as the Chief Financial Officer of Premier Valley Bank.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: low — This filing reports a routine executive appointment and compensation details, which typically carries low risk.
Key Numbers
- $275,000 — Annual Base Salary (For the new Chief Financial Officer, Kevin D. McCarville.)
Key Players & Entities
- Sierra Bancorp (company) — Registrant
- Kevin D. McCarville (person) — Appointed Chief Financial Officer
- $275,000 (dollar_amount) — Annual base salary for new CFO
- August 5, 2024 (date) — Effective date of CFO appointment
- Premier Valley Bank (company) — Previous employer of new CFO
FAQ
Who has been appointed as the new Chief Financial Officer of Sierra Bancorp?
Kevin D. McCarville has been appointed as the new Chief Financial Officer of Sierra Bancorp.
When is Kevin D. McCarville's appointment as CFO effective?
The appointment of Kevin D. McCarville as CFO is effective August 5, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Kevin D. McCarville is $275,000.
What was Kevin D. McCarville's previous role?
Kevin D. McCarville previously served as the Chief Financial Officer of Premier Valley Bank.
Is the new CFO eligible for bonuses?
Yes, Kevin D. McCarville will be eligible for an annual incentive bonus.
Filing Stats: 517 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2024-07-25 08:01:10
Filing Documents
- bsrr-20240723x8k.htm (8-K) — 31KB
- 0001558370-24-010109.txt ( ) — 163KB
- bsrr-20240723.xsd (EX-101.SCH) — 3KB
- bsrr-20240723_lab.xml (EX-101.LAB) — 18KB
- bsrr-20240723_pre.xml (EX-101.PRE) — 12KB
- bsrr-20240723x8k_htm.xml (XML) — 5KB
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: July 25, 2024 By: /s/ Christopher G. Treece Christopher G. Treece Executive Vice President & Chief Financial Officer