Business Context and Reporting Period
Company: Plumas Bancorp
Filing Type: Form 8-K (Current Report)
Date of Report: October 30, 2008
Event: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing (Item 3.01).
Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document is a regulatory notice regarding listing compliance.
Material Changes
Listing Status: The Company received a Letter of Reprimand from the NASDAQ Listing Qualifications Department for violating Marketplace Rule 4350(c)(4)(A).
Remediation: The violation was cured in a prompt and effective manner.
Current Status: The Company is currently in compliance with NASDAQ Marketplace Rules.
Management Commentary and Risks
- Nature of Violation: The Listing Department determined the violation was not the result of deliberate intent to avoid compliance.
- Compliance History: The Company has not demonstrated a pattern of non-compliance.
- Disclosure: A press release announcing the Letter of Reprimand was issued on October 31, 2008, in accordance with NASDAQ Marketplace Rule 4803(b).
Key Facts for Investor Verification
- Verify the specific details of the violation of NASDAQ Marketplace Rule 4350(c)(4)(A) in the attached press release (Exhibit 99.1).
- Confirm the Company's continued compliance status with NASDAQ listing standards.
- Note that this filing contains no financial performance data; refer to the most recent 10-Q or 10-K for financial metrics.