UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(b)On July 23, 2024, Jennifer A. Johnson, Executive Vice President & Chief Administration Officer, announced her retirement from the Registrant and its wholly owned subsidiary, Bank of the Sierra (“Bank”) to be effective on August 22, 2024. In connection with the retirement, the Company and Ms. Johnson mutually agreed to terminate her employment agreement dated January 17, 2020 (as amended). When her employment and employment agreement terminate on August 22, Ms. Johnson will receive a severance payment of one (1) year of her base compensation and will receive reimbursement for health insurance premiums for a period of twelve (12) months in accordance with her employment agreement. As a condition to receiving this severance, Ms. Johnson is required to sign a release and waiver agreement in favor of the Registrant and Bank, the form of which was attached to her employment agreement.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SIERRA BANCORP | ||
Dated: July 25, 2024 | By: | /s/ Christopher G. Treece |
Christopher G. Treece | ||
Executive Vice President & | ||
Chief Financial Officer | ||
Document and Entity Information |
Jul. 23, 2024 |
|---|---|
| Cover [Abstract] | |
| Entity Central Index Key | 0001130144 |
| Document Type | 8-K |
| Document Period End Date | Jul. 23, 2024 |
| Entity File Number | 000-33063 |
| Entity Registrant Name | SIERRA BANCORP |
| Entity Incorporation, State or Country Code | CA |
| Entity Tax Identification Number | 33-0937517 |
| Entity Address, Address Line One | 86 North Main Street |
| Entity Address, City or Town | Porterville |
| Entity Address, State or Province | CA |
| Entity Address, Postal Zip Code | 93257 |
| City Area Code | 559 |
| Local Phone Number | 782-4900 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock, no par value |
| Trading Symbol | BSRR |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |
| Amendment Flag | false |
Document Information |
Jul. 23, 2024 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment | false |
| CIK | 0001130144 |
| Registrant Name | SIERRA BANCORP |
| Period End Date | Jul. 23, 2024 |