---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-015372"
form_type: "8-K"
ticker: "BSRR"
cik: "0001130144"
company_name: "SIERRA BANCORP"
filed_at: "2023-08-31T23:59:59+00:00"
generated_at: "2026-06-11T00:58:14.345053+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Sierra Bancorp appoints Natalia Coen as EVP and Chief Risk Officer; Hugh Boyle returns to CCO

## Summary
- Natalia Coen appointed EVP, Chief Risk Officer effective Sept 20, 2023; Hugh Boyle steps down from CRO role.
- Employment agreement: base salary $400k, annual bonus up to 50% of base, $400k restricted stock grant vesting 20%/yr.
- Hugh Boyle continues as EVP and Chief Credit Officer, returning to focus solely on credit after two years in dual role.
- Coen brings 18+ years of banking experience, most recently as CRO/Compliance Officer at Gateway First Bank.

## SEC filing metadata
- accession: 0001558370-23-015372
- form_type: 8-K
- ticker: BSRR
- cik: 0001130144
- company_name: SIERRA BANCORP
- filed_at: 2023-08-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1130144/000155837023015372/0001558370-23-015372-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130144/000155837023015372/bsrr-20230825x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-015372
- JSON: https://secwatch.observer/filing/0001558370-23-015372.json
- Plain text: https://secwatch.observer/filing/0001558370-23-015372.txt

## Key facts
- Executive change
  Hugh Boyle changed role as Executive Vice President and Chief Credit Officer at SIERRA BANCORP.
  - Action: relinquished
  - Role: Executive Vice President and Chief Credit Officer
  source text: Hugh Boyle, who had been serving as both Chief Credit Officer and Chief Risk Officer, will relinquish his role as Chief Risk Officer on September 20, 2023, continuing with the Company as its Executive Vice President and Chief Credit Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130144/000155837023015372/0001558370-23-015372-index.htm
- Executive change
  Natalia Coen was appointed as Executive Vice President and Chief Risk Officer at SIERRA BANCORP.
  - Action: appointed
  - Role: Executive Vice President and Chief Risk Officer
  source text: Natalia Coen was appointed as Executive Vice President and Chief Risk Officer effective September 20, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130144/000155837023015372/0001558370-23-015372-index.htm

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