Business Context and Reporting Period
Company: Plumas Bancorp
Filing Type: Form 8-K (Current Report)
Date of Report: December 24, 2004
Reporting Period: Event-specific report dated December 24, 2004.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metric.
Material Changes
The filing reports the entry into a Material Definitive Agreement on December 24, 2004. Specifically, the Company entered into a Deferred Fee Agreement with Jerry V. Kehr, a Director of the Company.
Guidance, Outlook, and Management Commentary
Agreement Details: The Deferred Fee Agreement allows the Director to defer receipt of director fees until after the termination of service from the Board of Directors of the Company's wholly-owned subsidiary Bank.
Exhibits: Exhibit 10.63 contains the Deferred Fee Agreement of Jerry V. Kehr dated December 24, 2004.
Risks and Contingencies: No specific risks, contingencies, or unusual items are disclosed in this filing.
Investor Verification Checklist
- Verify the terms of the Deferred Fee Agreement with Director Jerry V. Kehr (Exhibit 10.63).
- Confirm the impact of deferred fees on future director compensation obligations.
- Review the subsidiary Bank's Board of Directors composition and service termination policies.