secwatch.observer — SEC 8-K summary
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Issuer:     PLUMAS BANCORP (PLBC)
CIK:        0001168455
Form:       8-K
Filed at:   2025-08-22T23:59:59+00:00
Accession:  0001437749-25-027612
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plumas Bancorp boosts severance to 18 months base salary for five officers in revised CIC agreements
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- Cash severance increased from 12 to 18 months base salary in Change-in-Control Agreements dated Aug 22, 2025.
- Executives covered: EVP/CFO Richard Belstock, EVP/Market President Mathew Moseley, EVP/CIO Aaron Boigon, EVP/CCO Jeff Moore, EVP/CBO Jack Prescott.
- Severance includes lump sum of 18 months' salary, unpaid annual bonus, prorated average bonus over 3 years, and COBRA reimbursement for up to 18 months.
- Agreements run through Dec 31, 2028, auto-renew yearly; term extends to 2nd anniversary of change in control if not terminated earlier.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1168455/000143774925027612/0001437749-25-027612-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1168455/000143774925027612/plbc20250822_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-027612

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