Business Context and Reporting Period
This Form 8-K Current Report was filed by Plumas Bancorp on September 21, 2005. The report discloses a corporate governance event regarding the election of a new director.
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 performance data.
Material Changes
The material change reported is the election of Douglas N. Biddle to the Board of Directors, effective October 1, 2005. His term is scheduled to expire at the 2006 annual meeting of shareholders.
Management Commentary and Background
- Current Roles: Mr. Biddle serves as Executive Vice President and Chief Operating Officer of Plumas Bancorp, and President and Chief Operating Officer of Plumas Bank.
- Tenure: He joined Plumas Bank in 1990 and moved to Quincy, California, at that time.
- Education: He holds a Bachelor of Arts in Political Science from the University of California at Davis and a Master of Business Administration from the John Anderson School of Management at the University of California at Los Angeles.
Key Facts for Investor Verification
- Verify the effective date of Douglas N. Biddle's board membership (October 1, 2005).
- Confirm the expiration date of his term (2006 annual meeting of shareholders).
- Note that this filing contains no financial results or guidance updates.