Business Context and Reporting Period
This Form 8-K Current Report was filed by Plumas Bancorp on October 6, 2008. The report discloses a corporate governance event involving the resignation of a director effective immediately.
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 change and does not contain financial performance data.
Material Changes
The material change reported is the resignation of Thomas Watson as a director of Plumas Bancorp and its wholly owned subsidiary, Plumas Bank. The resignation became effective immediately upon the submission of notice on October 6, 2008.
Guidance, Outlook, and Management Commentary
Management expressed gratitude for Mr. Watson's service and wished him well in future endeavors. The filing contains no financial guidance, outlook, risk factors, contingencies, or discussion of unusual items.
Key Facts for Investor Verification
- Thomas Watson resigned as a director of Plumas Bancorp and Plumas Bank effective October 6, 2008.
- The resignation was voluntary and immediate.
- The report was signed by Andrew J. Ryback, Executive Vice President and Chief Financial Officer, on October 8, 2008.
- No financial data or operational metrics are included in this specific filing.