Sierra Bancorp director resigns; CRO terminated, Boyle assumes dual role

SIERRA BANCORP

Director Robb Evans retired and resigned effective August 19, 2021.
EVP & CRO Matthew Macia employment terminated by mutual agreement effective Aug 20; receives one year base salary severance.
Hugh Boyle appointed Chief Risk Officer while retaining Chief Credit Officer role; salary increased $24k to $414k.
Boyle previously served as CRO and CCO at Banc of California.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Matthew Macia

Executive Vice President and Chief Risk Officer

BSRR · SIERRA BANCORP

Effective: 2021-08-20
Successor: Hugh Boyle
Filed: August 20, 2021, 7:59 PM ET

Additionally, effective on August 20, 2021, the Company, Bank of the Sierra, and Mr. Matthew Macia, the Company’s and Bank of the Sierra’s Executive Vice President and Chief Risk Officer, mutually agreed to the termination of his employment and employment agreement.

Appointed

Hugh Boyle

Chief Risk Officer and Chief Credit Officer

BSRR · SIERRA BANCORP

Effective: 2021-08-20
Filed: August 20, 2021, 7:59 PM ET

Effective August 20, 2021, Mr. Hugh Boyle, the Company’s and Bank of the Sierra’s Executive Vice President and Chief Credit Officer was appointed Chief Risk Officer and will continue to serve as both Chief Credit Officer and Chief Risk Officer, a joint role he previously held at a prior financial institution.

Departed

Robb Evans

Director

BSRR · SIERRA BANCORP

Effective: 2021-08-19
Filed: August 20, 2021, 7:59 PM ET

On August 19, 2021, Director Robb Evans announced his retirement and tendered his resignation as a director of Sierra Bancorp (the “Company”) (Nasdaq: BSRR) and the Company’s wholly owned subsidiary, Bank of the Sierra, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew Macia was terminated as Executive Vice President and Chief Risk Officer at SIERRA BANCORP.

Action: terminated
Role: Executive Vice President and Chief Risk Officer

Exact text from the filing

Additionally, effective on August 20, 2021, the Company, Bank of the Sierra, and Mr. Matthew Macia, the Company’s and Bank of the Sierra’s Executive Vice President and Chief Risk Officer, mutually agreed to the termination of his employment and employment agreement.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Hugh Boyle was appointed as Chief Risk Officer and Chief Credit Officer at SIERRA BANCORP.

Action: appointed
Role: Chief Risk Officer and Chief Credit Officer

Exact text from the filing

Effective August 20, 2021, Mr. Hugh Boyle, the Company’s and Bank of the Sierra’s Executive Vice President and Chief Credit Officer was appointed Chief Risk Officer and will continue to serve as both Chief Credit Officer and Chief Risk Officer, a joint role he previously held at a prior financial institution.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robb Evans resigned as Director at SIERRA BANCORP.

Action: resigned
Role: Director

Exact text from the filing

On August 19, 2021, Director Robb Evans announced his retirement and tendered his resignation as a director of Sierra Bancorp (the “Company”) (Nasdaq: BSRR) and the Company’s wholly owned subsidiary, Bank of the Sierra, effective immediately.

View on SEC.gov

SIERRA BANCORP filing history →

Source: SEC EDGAR

accession 0001558370-21-011987

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