Business Context and Reporting Period
This Form 8-K Current Report was filed by Sierra Bancorp on April 29, 2009. The filing addresses a corporate governance event involving the departure of a director.
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 a personnel announcement and contains no financial data.
Material Changes
The primary material change reported is the retirement of Robert H. Tienken as a director of Sierra Bancorp and its subsidiary, Bank of the Sierra, effective April 29, 2009. The retirement was due to health reasons. Consequently, the Board of Directors has been reduced from eight members to seven.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on financial performance, or discussion of risks and contingencies beyond the specific event of the director's retirement.
Key Facts for Investors
- Robert H. Tienken retired as a director for health reasons on April 29, 2009.
- Mr. Tienken served as a director since the company's formation in 2000 and the bank's founding in 1977.
- The Board of Directors size is now seven members.
- No financial performance data is included in this specific filing.