secwatch.observer — SEC 8-K summary
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Issuer:     PLUMAS BANCORP (PLBC)
CIK:        0001168455
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0001437749-24-038049
Event type: other
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plumas Bancorp approves 2025 cash incentive plan with ROA-based bonus pool
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- Officers' portion represents 90.9% of combined bonus pools; maximum total pool is 8.8% of pretax pre-bonus income.
- CEO can receive up to 12% of officers' pool; EVPs each up to 4.65%; payouts tied to ROA percentile vs. $1B-$3B bank peers.
- Incentives begin when Bank exceeds 50th percentile ROA; at 80.8th percentile total pool equals 5.5% of pretax pre-bonus income.
- CEO incentive based 50% on ROA percentile, 16.7% on performance goals, 16.6% on metrics (loan/deposit growth, asset quality), 16.7% on CEO evaluation.
- Board may terminate or modify the Plan; all payouts require Corporate Governance and Compensation Committee approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1168455/000143774924038049/0001437749-24-038049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1168455/000143774924038049/plbc20241219c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-038049

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