Business Context and Reporting Period
Company: Plumas Bancorp
Filing Type: Form 8-K (Current Report)
Date of Report: December 13, 2011
Subject: Temporary Suspension of Trading Under Registrant's Employee Benefit Plans (Item 5.04)
Financial Metrics
This filing does not contain financial performance data. No information regarding revenue, profit, cash flow, margins, debt, or liquidity is provided in this document.
Material Changes
The filing reports a temporary suspension of trading (blackout period) for the Plumas Bank 401(k) Profit Sharing Plan. This restriction is due to an impending change in the Plan's service provider.
Guidance, Outlook, and Management Commentary
- Blackout Period Details: Expected to begin on December 23, 2011, and end the week beginning Sunday, January 8, 2012.
- Restrictions: During this period, participants will be unable to direct or diversify investments in their accounts, including transactions involving Plumas Bancorp common stock.
- Compliance: Notices were sent to directors and executive officers in accordance with Section 3.06 of the Sarbanes-Oxley Act of 2002 and Rule 104 of SEC Regulation BTR.
- Contact: Questions regarding the restriction should be directed to Angie Pehrson, Human Resources Officer.
Key Facts for Investor Verification
- Verify the exact start and end dates of the 401(k) blackout period (anticipated Dec 23, 2011 to the week of Jan 8, 2012).
- Confirm that the trading suspension applies to all Plan transactions, including Plumas Bancorp common stock.
- Note that this is an administrative event related to a service provider change and does not reflect operational or financial distress.