Plumas Bancorp Elects New Directors, Updates Executive Compensation
Ticker: PLBC · Form: 8-K · Filed: Dec 20, 2024 · CIK: 1168455
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Plumas Bancorp adds 2 directors, updates exec pay. Board shakeup incoming?
AI Summary
Plumas Bancorp announced on December 18, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Michael R. Johnson and Michael J. O'Brien, to its Board of Directors, effective immediately. Additionally, the company entered into new employment agreements with its named executive officers, including President and CEO, Thomas A. Dobbins, and CFO, Brian L. Bales.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance, impacting investor confidence.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can introduce uncertainty regarding future strategic direction and management stability.
Key Players & Entities
- Plumas Bancorp (company) — Registrant
- Michael R. Johnson (person) — Newly Elected Director
- Michael J. O'Brien (person) — Newly Elected Director
- Thomas A. Dobbins (person) — President and CEO
- Brian L. Bales (person) — CFO
- December 18, 2024 (date) — Date of earliest event reported
FAQ
Who were the newly elected directors at Plumas Bancorp?
Michael R. Johnson and Michael J. O'Brien were elected as new directors to the Board of Directors.
When were the new directors elected?
The new directors were elected effective December 18, 2024.
What other significant event was reported by Plumas Bancorp on December 18, 2024?
Plumas Bancorp also entered into new employment agreements with its named executive officers.
What is the principal executive office address for Plumas Bancorp?
The principal executive offices are located at 5525 Kietzke Lane, Suite 100, Reno, NV 89511.
What is the state of incorporation for Plumas Bancorp?
Plumas Bancorp is incorporated in California.
Filing Stats: 892 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2024-12-20 12:00:11
Key Financial Figures
- $1 billion — ts as of September 30, 2025, of between $1 billion and $3 billion. The higher the percenti
- $3 billion — ber 30, 2025, of between $1 billion and $3 billion. The higher the percentile the higher t
Filing Documents
- plbc20241219c_8k.htm (8-K) — 30KB
- 0001437749-24-038049.txt ( ) — 160KB
- noticker-20241218.xsd (EX-101.SCH) — 3KB
- noticker-20241218_def.xml (EX-101.DEF) — 11KB
- noticker-20241218_lab.xml (EX-101.LAB) — 15KB
- noticker-20241218_pre.xml (EX-101.PRE) — 11KB
- plbc20241219c_8k_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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) December 20, 2024 By: /s/ Richard L. Belstock Name: Richard L. Belstock Title: Chief Financial Officer