secwatch.observer — SEC 8-K summary
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Issuer:     TRICO BANCSHARES / (TCBK)
CIK:        0000356171
Form:       8-K
Filed at:   2022-12-28T23:59:59+00:00
Accession:  0000356171-22-000065
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TriCo Bancshares freezes SERP benefits for three executives; records $2.6M Q4 charge
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- CEO Richard P. Smith receives frozen annual SERP benefit: $785,000 (joint survivor) or $975,000 (single life).
- EVP Craig B. Carney frozen at $272,100/year (joint) or $320,000 (single life).
- EVP Daniel K. Bailey frozen at $221,700/year (joint) or $255,000 (single life).
- Pre-tax charge of approx. $2.6 million in Q4 2022 from the SERP amendments.
- Amendments delete variable compensation formula and fix lifetime annuity amounts for the three executives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356171/000035617122000065/0000356171-22-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356171/000035617122000065/tcbk-20221227.htm
  HTML page:      https://secwatch.observer/filing/0000356171-22-000065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer