Plumas Bancorp

12/18/2025 | Press release | Distributed by Public on 12/18/2025 12:33

Material Agreement (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.
On December 17, 2025, the Board of Directors of Plumas Bancorp (the "Company") and its subsidiary, Plumas Bank (the "Bank"), entered into indemnification agreements for Jack Prescott, EVP/Chief Banking Officer, appointed on July 21, 2025, and Matt Moseley, EVP/Regional Market President, appointed on July 1, 2025. The indemnification agreements require the Company and the Bank to indemnify their directors and executive officers and to advance expenses on their behalf to the fullest extent permitted by applicable law and establish the procedures by which a director or executive officer may request and receive indemnification. The agreements are in addition to other rights to which a director or executive officer may be entitled under the Company's or the Bank's articles of incorporation, bylaws and applicable law.
The foregoing summary description of the indemnification agreements is not intended to be complete and is qualified in its entirety by the complete text of the forms of indemnification agreements filed as Exhibits 10.1 and 10.2 to the Registrant's Form 8-K filed August 20, 2020 which is incorporated by this reference herein.
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