---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-011987"
form_type: "8-K"
ticker: "BSRR"
cik: "0001130144"
company_name: "SIERRA BANCORP"
filed_at: "2021-08-20T23:59:59+00:00"
generated_at: "2026-06-29T08:34:38.864698+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-21-011987
- form_type: 8-K
- ticker: BSRR
- cik: 0001130144
- company_name: SIERRA BANCORP
- filed_at: 2021-08-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1130144/000155837021011987/0001558370-21-011987-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130144/000155837021011987/bsrr-20210819x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-011987
- JSON: https://secwatch.observer/filing/0001558370-21-011987.json
- Plain text: https://secwatch.observer/filing/0001558370-21-011987.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130144/000155837021011987/0001558370-21-011987-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130144/000155837021011987/0001558370-21-011987-index.htm
- Executive change
  Robb Evans resigned as Director at SIERRA BANCORP.
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130144/000155837021011987/0001558370-21-011987-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.