PLUMAS BANCORP 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Plumas Bancorp on December 18, 2024. The company is incorporated in California and its common stock trades on the NASDAQ Capital Market under the symbol PLBC. The report addresses a specific corporate governance event occurring on the filing date.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current event disclosure and does not contain financial statement data.
Material Changes
The primary material change disclosed is the departure of a director:
- Director Retirement: Terrance J. Reeson has retired from the Board of Directors effective December 31, 2024.
- Reason: The retirement is pursuant to the Company's age-based retirement policy outlined in its Corporate Governance Guidelines.
- Tenure: Mr. Reeson has served as a Director since 1985.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items beyond the standard disclosure of the director's retirement.
Key Facts for Investor Verification
- Confirm the effective date of Terrance J. Reeson's retirement (December 31, 2024).
- Verify if a successor director has been appointed to fill the vacancy.
- Review the Company's Corporate Governance Guidelines regarding age-based retirement policies.