Plumas Bancorp Files 8-K for Material Agreement
Ticker: PLBC · Form: 8-K · Filed: Aug 22, 2025 · CIK: 1168455
Sentiment: neutral
Topics: material-agreement, financial-statements, sec-filing
Related Tickers: PLBC
TL;DR
PLUMAS BANCORP (PLBC) filed an 8-K on 8/22/25 for a material definitive agreement.
AI Summary
On August 22, 2025, Plumas Bancorp filed an 8-K report detailing a material definitive agreement and financial statements. The company, incorporated in California with its principal executive offices in Reno, Nevada, operates in the short-term business credit institutions sector.
Why It Matters
This filing indicates Plumas Bancorp has entered into a significant agreement, which could impact its financial standing and future operations.
Risk Assessment
Risk Level: low — The filing is a standard 8-K report for a material definitive agreement and financial statements, not indicating immediate or significant risk.
Key Numbers
- 000-49883 — Commission File Number (Identifies the SEC filing for Plumas Bancorp)
- 75-2987096 — IRS Employer Identification No. (Tax identification number for Plumas Bancorp)
Key Players & Entities
- PLUMAS BANCORP (company) — Registrant
- August 22, 2025 (date) — Date of earliest event reported
- California (jurisdiction) — State of incorporation
- Reno, Nevada (location) — Address of principal executive offices
- 775-786-0907 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the material definitive agreement filed by Plumas Bancorp?
The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on August 22, 2025.
Where are Plumas Bancorp's principal executive offices located?
Plumas Bancorp's principal executive offices are located at 5525 Kietzke Lane, Suite 100, Reno, Nevada, 89511.
What is Plumas Bancorp's SIC code?
Plumas Bancorp's Standard Industrial Classification (SIC) code is 6153 for Short-term Business Credit Institutions.
What is the fiscal year end for Plumas Bancorp?
Plumas Bancorp's fiscal year ends on December 31.
Filing Stats: 1,025 words · 4 min read · ~3 pages · Grade level 15.1 · Accepted 2025-08-22 17:16:37
Filing Documents
- plbc20250822_8k.htm (8-K) — 30KB
- ex_856269.htm (EX-10.1) — 113KB
- ex_856274.htm (EX-10.2) — 2KB
- 0001437749-25-027612.txt ( ) — 302KB
- plbc-20250822.xsd (EX-101.SCH) — 3KB
- plbc-20250822_def.xml (EX-101.DEF) — 11KB
- plbc-20250822_lab.xml (EX-101.LAB) — 15KB
- plbc-20250822_pre.xml (EX-101.PRE) — 11KB
- plbc20250822_8k_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On August 22, 2025, Plumas Bancorp (the "Company") and its wholly-owned bank subsidiary, Plumas Bank (the "Bank"), entered into a Change in Control Agreement (each such agreement, a "CIC Agreement") with each of Richard Belstock, Executive Vice President and Chief Financial Officer; Mathew Moseley, Executive Vice President and Market President; Aaron Boigon, Executive Vice President and Chief Information Officer; Jeff Moore, Executive Vice President and Chief Credit Officer; and, Jack Prescott, Executive Vice President and Chief Banking Officer (each, an "Executive"). The CIC Agreements amend and restate in their entirety the Executives' respective Change in Control Agreements with the Company and the Bank dated as of July 21, 2025 (the "Previous Agreements"). The CIC Agreements increase one component of the cash change in control severance benefit from 12 months of annual base salary to 18 months base salary, consistent with Mr. Moseley's offer letter dated January 28, 2025. Specifically, each CIC Agreement provides that in the event the Company or the Bank terminates the Executive without "cause" or the Executive voluntarily terminates his or her employment for "good reason" within 24 months following a "change in control" (as those terms are defined in the Executive's CIC Agreement), then the Executive shall be entitled to receive (1) a lump sum payment in the amount equal to the sum of (a) an amount equal to 18 months' salary, based on Executive's annual base salary in effect as of immediately before the change in control, (b) to the extent not previously paid, the Executive's annual incentive bonus for the calendar year ending immediately prior to the date that the Executive's employment terminates and (c) a prorated (based on the number of days of service completed for the fiscal year in which the Executive's employment terminates) portion of the Executive's average cash bonus over the preceding three f
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No . Description of Exhibit 10.1 Form of Change of Control Agreement among Plumas Bancorp, Plumas Bank and certain executive officers 10.2 Schedule of Executive Officers Party to Change of Control Agreements 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) -2- 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: August 22, 2025 By: /s/ Richard L. Belstock Name: Richard L. Belstock Title: Chief Financial Officer -3-