Business Context and Reporting Period
This Form 8-K Current Report was filed by Plumas Bancorp on June 10, 2011, covering events occurring on June 6, 2011. The registrant is incorporated in California and operates its principal executive offices in Quincy, CA.
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 changes rather than financial performance.
Material Changes
The primary material change reported is the departure of a senior executive:
- Robert T. Herr, Executive Vice President and Loan Administrator of Plumas Bank, tendered his resignation.
- The resignation is effective as of July 1, 2011.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document is limited to the notification of the officer's departure under Item 5.02.
Investor Verification Checklist
- Confirm the effective date of Robert T. Herr's resignation (July 1, 2011).
- Verify if a successor has been appointed for the roles of Executive Vice President and Loan Administrator.
- Review subsequent filings for any impact on loan administration operations or internal controls.