Business Context and Reporting Period
This Form 8-K Current Report from Plumas Bancorp covers the Annual Meeting of Shareholders held on May 19, 2021. The filing details the results of shareholder votes regarding the election of directors and the ratification of independent auditors.
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 corporate governance voting results rather than financial performance data.
Material Changes
No material financial changes or operational updates are reported in this document. The primary events are the successful election of the Board of Directors and the ratification of the audit firm.
Guidance, Outlook, and Voting Results
Proposal #1: Election of Directors
Nine nominees were elected to serve until the 2022 Annual Meeting. All nominees received significant support, though broker non-votes were substantial.
- Andrew J. Ryback: 2,854,406 votes for (highest support).
- Terrance J. Reeson: 2,729,352 votes for (lowest support among nominees).
- Broker Non-Votes: 1,368,703 shares for all nominees.
Proposal #2: Ratification of Independent Auditors
Shareholders ratified the appointment of Eide Bailly, LLP as independent auditors for the fiscal year ending December 31, 2021.
- For: 4,226,058
- Against: 5,904
- Abstain: 929
Investor Verification Checklist
- Verify the full list of elected directors and their tenure terms in the company's proxy statement.
- Confirm the scope of services and fees for Eide Bailly, LLP in the subsequent 10-K filing.
- Review the 10-Q or 10-K for the fiscal year ending December 31, 2021, to obtain actual financial performance metrics absent from this 8-K.
- Check for any dissenting opinions or significant withheld votes that may indicate shareholder concerns regarding specific directors.