Business Context and Reporting Period
This Form 8-K Current Report was filed by Sierra Bancorp on February 7, 2005. The filing addresses a material change in the company's executive leadership effective February 7, 2005.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Appointment: James F. Gardunio was hired as Senior Vice President and Chief Credit Officer for Sierra Bancorp and its subsidiary, Bank of the Sierra.
- Departure: Charlie C. Glenn retired on December 31, 2004, after 45 years in banking, concluding his tenure as Chief Credit Officer.
Management Commentary and Background
Mr. Gardunio brings 27 years of financial industry experience, including over 10 years serving as a chief credit officer. His recent background includes:
- First Vice President at Community Bank of Central California (a $1 billion community bank) for the last 2.5 years.
- Owner/President of Golden Venture Financial Services, Inc. for over 3 years prior to that.
- Senior Vice President and Chief Credit Officer at California Federal Bank for six years.
He holds an undergraduate degree from San Jose State University and an MBA from Stanford University.
Investor Verification Checklist
- Confirm the effective date of James F. Gardunio's appointment (February 7, 2005).
- Verify the retirement date of Charlie C. Glenn (December 31, 2004).
- Review subsequent filings for any financial impact related to the leadership transition.