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[8-K] Plumas Bancorp Reports Material Event

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Plumas Bancorp and its subsidiary Plumas Bank have entered indemnification agreements covering Ken Robison, who joined the board after the company’s acquisition-related appointment. The agreements commit the Company and the Bank to indemnify directors and executive officers and to advance expenses to the fullest extent permitted by law, and they set procedures for requesting indemnification. These agreements supplement existing corporate charter, bylaw and legal protections and are based on the forms previously filed by the company, which are incorporated by reference.

Plumas Bancorp e la sua controllata Plumas Bank hanno stipulato accordi di indemnizzo a favore di Ken Robison, nominato nel consiglio in seguito a una nomina legata all’acquisizione della società. Gli accordi obbligano la Società e la Banca a indennizzare amministratori e dirigenti e ad anticipare le spese nella misura massima consentita dalla legge, e prevedono le procedure per richiedere l’indennizzo. Questi accordi integrano le protezioni già previste dallo statuto societario, dai regolamenti e dalle norme legali e si basano sui moduli precedentemente depositati dalla società, che vengono qui richiamati per riferimento.

Plumas Bancorp y su filial Plumas Bank han suscrito acuerdos de indemnización que cubren a Ken Robison, quien se incorporó al consejo tras un nombramiento relacionado con la adquisición de la compañía. Los acuerdos obligan a la Compañía y al Banco a indemnizar a los directores y altos ejecutivos y a adelantar gastos en la máxima medida permitida por la ley, y establecen los procedimientos para solicitar la indemnización. Estos acuerdos complementan las protecciones ya existentes en el estatuto social, los reglamentos y la normativa legal, y se basan en los formularios presentados anteriormente por la compañía, que se incorporan por referencia.

Plumas Bancorp와 � 자회� Plumas Bank� 인수 관� 임명으로 이사회에 합류� Ken Robison� 대상으� � 면책(인디맨티피케이션) 계약� 체결했습니다. 해당 계약은 회사와 은행이 법률� 허용하는 최대 범위 내에� 이사 � 임원들을 면책하고 비용� 선지급할 것을 약정하며, 면책� 청구하는 절차� 규정합니�. 이러� 계약은 기존� 회사 정관, 내규 � 법적 보호장치� 보완하며, 이전� 회사가 제출� 양식� 근거� 하여 참조� 포함됩니�.

Plumas Bancorp et sa filiale Plumas Bank ont conclu des accords d’indemnisation couvrant Ken Robison, qui a rejoint le conseil après une nomination liée à l’acquisition de la société. Ces accords obligent la Société et la Banque à indemniser les administrateurs et dirigeants et à avancer les frais dans la mesure maximale autorisée par la loi, et ils définissent les procédures pour demander l’indemnisation. Ces accords complètent les protections existantes prévues par les statuts, les règlements et le cadre juridique, et s’appuient sur les formulaires précédemment déposés par la société, incorporés par référence.

Plumas Bancorp und seine Tochtergesellschaft Plumas Bank haben Entschädigungsvereinbarungen abgeschlossen, die Ken Robison abdecken, der nach einer akquisitionsbedingten Ernennung in den Vorstand eingetreten ist. Die Vereinbarungen verpflichten das Unternehmen und die Bank, Direktoren und leitende Angestellte im gesetzlich zulässigen Umfang zu entschädigen und Auslagen vorab zu übernehmen, und legen Verfahren für die Inanspruchnahme der Entschädigung fest. Diese Vereinbarungen ergänzen die bestehenden Schutzbestimmungen in Satzung, Geschäftsordnung und Recht und beruhen auf den zuvor vom Unternehmen eingereichten Formularen, die hierdurch einbezogen werden.

Positive
  • Director protection established via indemnification for Ken Robison, aligning governance post‑merger
  • Advancement of expenses is provided to the fullest extent permitted by law, reducing personal liability risks
  • Procedural clarity on how directors or officers may request and receive indemnification
Negative
  • None.

Insights

TL;DR: Indemnification aligns director protections with standard post‑deal governance practices and reduces personal liability risk for the new director.

The indemnification agreements provide customary protections by requiring advancement of expenses and broad indemnity to directors and officers, which is typical following merger transactions where new appointees join the board. This reduces personal financial exposure for the director serving because of the acquisition and clarifies procedural steps to obtain indemnification. The disclosure relies on previously filed forms rather than presenting new substantive variations.

TL;DR: These agreements are routine post‑closing mechanics tied to the merger and help integrate governance protections for acquisition‑related appointees.

Embedding indemnification obligations in the Company and Bank is a common element of merger agreements to secure directors installed as part of a deal. The filing confirms contractual follow‑through, but it does not introduce new financial commitments beyond standard indemnity language nor detail material cash flow impacts. The materiality stems from corporate governance alignment rather than direct economic effect disclosed here.

Plumas Bancorp e la sua controllata Plumas Bank hanno stipulato accordi di indemnizzo a favore di Ken Robison, nominato nel consiglio in seguito a una nomina legata all’acquisizione della società. Gli accordi obbligano la Società e la Banca a indennizzare amministratori e dirigenti e ad anticipare le spese nella misura massima consentita dalla legge, e prevedono le procedure per richiedere l’indennizzo. Questi accordi integrano le protezioni già previste dallo statuto societario, dai regolamenti e dalle norme legali e si basano sui moduli precedentemente depositati dalla società, che vengono qui richiamati per riferimento.

Plumas Bancorp y su filial Plumas Bank han suscrito acuerdos de indemnización que cubren a Ken Robison, quien se incorporó al consejo tras un nombramiento relacionado con la adquisición de la compañía. Los acuerdos obligan a la Compañía y al Banco a indemnizar a los directores y altos ejecutivos y a adelantar gastos en la máxima medida permitida por la ley, y establecen los procedimientos para solicitar la indemnización. Estos acuerdos complementan las protecciones ya existentes en el estatuto social, los reglamentos y la normativa legal, y se basan en los formularios presentados anteriormente por la compañía, que se incorporan por referencia.

Plumas Bancorp와 � 자회� Plumas Bank� 인수 관� 임명으로 이사회에 합류� Ken Robison� 대상으� � 면책(인디맨티피케이션) 계약� 체결했습니다. 해당 계약은 회사와 은행이 법률� 허용하는 최대 범위 내에� 이사 � 임원들을 면책하고 비용� 선지급할 것을 약정하며, 면책� 청구하는 절차� 규정합니�. 이러� 계약은 기존� 회사 정관, 내규 � 법적 보호장치� 보완하며, 이전� 회사가 제출� 양식� 근거� 하여 참조� 포함됩니�.

Plumas Bancorp et sa filiale Plumas Bank ont conclu des accords d’indemnisation couvrant Ken Robison, qui a rejoint le conseil après une nomination liée à l’acquisition de la société. Ces accords obligent la Société et la Banque à indemniser les administrateurs et dirigeants et à avancer les frais dans la mesure maximale autorisée par la loi, et ils définissent les procédures pour demander l’indemnisation. Ces accords complètent les protections existantes prévues par les statuts, les règlements et le cadre juridique, et s’appuient sur les formulaires précédemment déposés par la société, incorporés par référence.

Plumas Bancorp und seine Tochtergesellschaft Plumas Bank haben Entschädigungsvereinbarungen abgeschlossen, die Ken Robison abdecken, der nach einer akquisitionsbedingten Ernennung in den Vorstand eingetreten ist. Die Vereinbarungen verpflichten das Unternehmen und die Bank, Direktoren und leitende Angestellte im gesetzlich zulässigen Umfang zu entschädigen und Auslagen vorab zu übernehmen, und legen Verfahren für die Inanspruchnahme der Entschädigung fest. Diese Vereinbarungen ergänzen die bestehenden Schutzbestimmungen in Satzung, Geschäftsordnung und Recht und beruhen auf den zuvor vom Unternehmen eingereichten Formularen, die hierdurch einbezogen werden.

false 0001168455 0001168455 2025-08-25 2025-08-25
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): August 25, 2025
 
PLUMAS BANCORP

(Exact name of registrant as specified in its charter)
 
California   000-49883   75-2987096
(State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)
 
5525 Kietzke Lane, Suite 100, Reno, Nevada   89511
(Address of principal executive offices)   (Zip Code)
 
Registrant’s telephone number, including area code: (775) 786-0907
 
Not Applicable

(Former name or former address, if changed since last report.)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging Growth Company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
PLBC
NASDAQ Capital Market
 


 
 

 
Item 1.01 Entry into a Material Definitive Agreement.
 
On August 25, 2025, the Board of Directors of Plumas Bancorp (the “Company”) and its subsidiary, Plumas Bank (the “Bank”), entered into indemnification agreements for Ken Robison, appointed to the Board on July 1, 2025, in accordance with the merger agreement in the Company’s acquisition of Cornerstone Community Bancorp. The indemnification agreements require the Company and the Bank to indemnify their directors and executive officers and to advance expenses on their behalf to the fullest extent permitted by applicable law and establish the procedures by which a director or executive officer may request and receive indemnification. The agreements are in addition to other rights to which a director or executive officer may be entitled under the Company’s or the Bank’s articles of incorporation, bylaws and applicable law.
 
The foregoing summary description of the indemnification agreements is not intended to be complete and is qualified in its entirety by the complete text of the forms of indemnification agreements filed as Exhibits 10.1 and 10.2 to the Registrant’s Form 8-K filed August 20, 2020 which is incorporated by this reference herein.
 
 
Item 9.01 Exhibits
 
Number
Description
10.1
Form of Plumas Bancorp Indemnification Agreement (incorporated by reference to Exhibit 10.1 of the Companys Form 8-K filed on August 20, 2020)
10.2
Form of Plumas Bank Indemnification Agreement (incorporated by reference to Exhibit 10.2 of the Companys Form 8-K filed on August 20, 2020)
104
Cover Page Interactive Data File
 
 

 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
  Plumas Bancorp
  (Registrant)
August 25, 2025
By:
/s/ Richard L. Belstock
     
Name: Richard L. Belstock
Title: Chief Financial Officer
 
 

FAQ

What did Plumas Bancorp (PLBC) disclose in this 8-K about Ken Robison?

The company disclosed indemnification agreements for Ken Robison, who was appointed to the board in connection with the acquisition.

Does the 8-K state what protections the indemnification agreements provide?

Yes. The agreements require indemnification of directors and executive officers and advance of expenses to the fullest extent permitted by law, and set procedures for requesting indemnification.

Are the full indemnification agreement texts included in this filing?

No. The filing incorporates by reference the forms of indemnification agreements previously filed rather than restating the full text here.

Is this indemnification tied to a merger or acquisition?

Yes. The indemnification for the director was entered into in accordance with the merger agreement related to the company’s acquisition.

Does the filing describe any financial impact from these indemnification agreements?

No financial impact is disclosed in this filing; it focuses on the existence and scope of the indemnification arrangements.
Plumas

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