Plumas Bancorp shareholders eliminate cumulative voting in director elections

PLUMAS BANCORP

Amendment to Section 2.8 of Bylaws adopted at annual meeting on May 17, 2023.
Cumulative voting rights for director elections removed.
Bylaws amended and restated with no other changes.
Effective upon shareholder approval at the meeting.

item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

PLUMAS BANCORP: Eliminated cumulative voting rights for shareholders in director elections (effective 2023-05-17).

Change: bylaw amendment
Effective: 2023-05-17

Exact text from the filing

On May 17, 2023, at the Annual Meeting of Shareholders of Plumas Bancorp (the “Company”), the Company’s shareholders adopted an amendment to Section 2.8 of the Company’s Bylaws eliminating the right of shareholders to cumulate votes in the election of directors.

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Source: SEC EDGAR

accession 0001437749-23-015132

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