Business Context and Reporting Period
This Form 8-K Current Report was filed by Plumas Bancorp on July 21, 2025. The filing reports a specific corporate event regarding the appointment of a senior executive officer at Plumas Bank, the company's sole subsidiary.
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 personnel changes and does not contain financial statement data.
Material Changes
The primary material change reported is the appointment of Jack Prescott as Executive Vice President and Chief Banking Officer (CBO) of Plumas Bank, effective July 21, 2025. Mr. Prescott previously served as Senior Vice President and Commercial Lending Manager at the bank for two years.
Management Commentary and Risks
Management highlights Mr. Prescott's extensive background, noting he brings more than 35 years of experience in lending and leadership. He holds a bachelor's degree in business and agricultural economics from the University of Nevada, Reno. The filing confirms no family relationships with other directors or officers and no material interests in transactions requiring disclosure under Item 404(a) or Item 5.02(d). No specific risks, contingencies, or unusual items were disclosed in this report.
Investor Verification Checklist
- Verify the effective date of Jack Prescott's appointment as CBO (July 21, 2025).
- Confirm Mr. Prescott's prior tenure as Senior Vice President and Commercial Lending Manager (2 years).
- Review the company's latest 10-Q or 10-K for financial performance data, as this 8-K contains no financial metrics.
- Check for any subsequent filings regarding compensation arrangements for the new CBO.