Business Context and Reporting Period
This Form 8-K Current Report is filed by Plumas Bancorp (PLBC), a California corporation, with a report date of December 31, 2020. The filing addresses a specific corporate governance event rather than providing comprehensive financial results for the period.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to the announcement of a director's retirement and does not contain financial statements or performance metrics.
Material Changes
The material change reported is the departure of a director:
- William E. Elliott retired as a Director effective December 31, 2020.
- The retirement was mandated by the Company's age-based retirement policy outlined in its Corporate Governance Guidelines.
- Mr. Elliott had served as a Director since 1987.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document is strictly a notification of the director's retirement.
Key Facts for Investor Verification
- Verify the effective date of William E. Elliott's retirement (December 31, 2020).
- Confirm the duration of Mr. Elliott's tenure (since 1987).
- Note that this filing does not include financial performance data; refer to the 10-K or 10-Q for fiscal year 2020 results.