As filed with the Securities and Exchange Commission on July 21, 2022, Registration No. 333-______

 



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM S-8

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

 

PLUMAS BANCORP
(Exact name of registrant as specified in its charter)

 

California   75-2987096
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification Number)

 

5525 Kietzke Lane, Suite 100, Reno, Nevada          89511
(Address of principal executive offices)                   (Zip Code)

               

Plumas Bancorp 2022 Equity Incentive Plan   
(Full title of plan)

 

Richard Belstock

Chief Financial Officer

Plumas Bancorp

5525 Kietzke Lane, Suite 100

Reno, Nevada 89511  

(Name and address of agent for service)

        

(775) 786-0907 
(Telephone number, including area code, of agent for service)

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer ☐

Accelerated filer ☐

Non-accelerated filer ☐

Smaller reporting company ☑

 

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 7(a)(2)(B) of the Securities Act.

 

 

 

 

 

Part I

 

INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS.

 

Documents containing the information specified in Part I of Form S-8 will be delivered to the participants in the plan covered by this registration statement as specified by Rule 428(b)(1) under the Securities Act of 1933 and will not be filed with the Securities and Exchange Commission (the “Commission”) as part of this registration statement or as prospectuses or prospectus supplements pursuant to Rule 424. These documents and the documents incorporated by reference pursuant to Item 3 of Part II of this registration statement, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act and are available without charge, upon oral or written request, to: Plumas Bancorp, 5525 Kietzke Lane, Reno, Nevada, 89511 Attn: Investor Relations, (775) 786-0907.

 

Part II

 

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

 

Item 3. Incorporation of Documents by Reference.

 

Plumas Bancorp (“the Company”) hereby incorporates by reference in this Registration Statement the following documents:

 

 

(a)

the Company’s Annual Report on Form 10‑K for the year ended December 31, 2021 filed with the Commission on March 17, 2022;

 

 

(b)

the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 filed with the Commission on May 5, 2022;

 

 

(c)

the Company’s current reports on Form 8-K filed with the Commission on January 20, January 26, February 1, April 21, May 19, and June 16, 2022 (other than any portions of any such documents that are not deemed “filed” under the Exchange Act in accordance with the Exchange Act and applicable SEC rules); and

 

 

(d)

the description of the Company’s common stock set forth in the Registration Statement on Form S-4 filed with the SEC on March 19, 2002, and any amendment or report filed for the purpose of updating such description.

 

All documents subsequently filed (but not those documents or portions thereof furnished but not filed, unless otherwise stated in such filings) by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered hereby have been sold or which deregisters all securities remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such documents.

 

Item 4. Description of Securities.

 

The class of securities to be offered is registered under Section 12 of the Exchange Act.

 

Item 5. Interests of Named Experts and Counsel.

 

Not applicable.

 

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Item 6. Indemnification of Officers and Directors.

 

Section 317 of the California General Corporation Law permits indemnification of directors, officers and employees of corporations under certain conditions and subject to certain limitations. Article Four of the Articles of Incorporation of the Company contains provisions limiting the monetary liability of directors for breaches of the duty of care. Article Five of the Articles of Incorporation of the Company contains provisions that authorize the registrant to indemnify its directors, officers and employees to the fullest extent permitted, and in excess of that authorized, under Section 317. Article V of the Company’s Bylaws provide for the indemnification of directors and officers to the fullest extent permitted by law.

 

The Company and its wholly-owned subsidiary, Plumas Bank, have entered into indemnification agreements with their respective directors and executive officers. These agreements require the Company and Plumas Bank to, among other things, (i) indemnify their respective directors and officers against certain liabilities that may arise by reason of their status or service as directors or officers, subject to certain exceptions and limitations and (ii) advance the expenses such directors or executive officers may incur as a result of or in connection with the defense of any proceeding brought against them as to which they could be indemnified, subject to an undertaking by the indemnified party to repay such advances if it is ultimately determined that he or she is not entitled to indemnification.

 

The Company also maintains insurance policies which insure its officers and directors against certain liabilities.

 

The foregoing summaries are necessarily subject to the complete text of the statute, the Articles, the Bylaws and the agreements referred to above and are qualified in their entirety by reference thereto.

 

Item 7. Exemption from Registration Claimed.

 

Not applicable.

 

Item 8. Exhibits.

 

Exhibit

Description

4

Plumas Bancorp 2022 Equity Incentive Plan (Incorporated by reference to Appendix A to the Company’s Definitive Proxy Statement filed with the Commission on March 28, 2022)

5

Opinion of Sheppard Mullin Richter & Hampton, LLP

23.1

Consent of Sheppard Mullin Richter & Hampton, LLP (included in Exhibit 5)

23.2

Consent of Eide Bailly LLP

24

Power of Attorney (included in signature page)

107

Filing Fee Table

 

 

 

3

 

Item 9. Undertakings.

 

(a)         Rule 415 Offering.

 

The undersigned registrant hereby undertakes:

 

(1)         To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

 

(i)         To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;

 

(ii)         To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement;

 

(iii)         To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;

 

Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the Registration Statement is on Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.

 

(2)         That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

(3)         To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

 

(4)         That, for purposes of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of securities:  The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser: 

 

(i) any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

 

(ii) any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

 

(b)         Filings incorporating subsequent Exchange Act documents by reference.

 

The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

(c)         Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

 

4

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Reno, State of Nevada, on July 21, 2022.

 

 

PLUMAS BANCORP 

 

  (Registrant)  

 

 

 

 

 

 

 

 

 

By:

/s/ Andrew J. Ryback

 

 

 

 Andrew J. Ryback

 

    President and Chief Executive Officer  

 

 

 

 

 

 

POWER OF ATTORNEY

 

The officers and directors of Plumas Bancorp whose signatures appear below hereby constitute and appoint Andrew J. Ryback and Richard Belstock, and each of them, their true and lawful attorneys and agents, with full power of substitution, each with power to act alone, to sign and execute on behalf of the undersigned any amendment or amendments to this Registration Statement on Form S-8 and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto each of said attorneys-in-fact and agents full power and authority to do everything necessary to accomplish the foregoing, as fully to all intents and purposes as he or she might or could do in person, and each of the undersigned does hereby ratify and confirm all that each of said attorneys and agents, or their substitutes, shall do or cause to be done by virtue hereof.

 

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons on behalf of the registrant in the capacities and on the date indicated.

 

Signature

 

Title

 

Date

         

/s/ Andrew J. Ryback

 

Chief Executive Officer and Director

 

July 21, 2022

Andrew J. Ryback   (Principal Executive Officer)    
         

/s/ Richard Belstock

 

Executive Vice President and

 

July 21, 2022

Richard Belstock  

Chief Financial Officer

(Principal Financial and Accounting Officer)

   
         

/s/ Daniel E. West

 

Chairman and Director

 

July 21, 2022

Daniel E. West        
         

/s/ Michonne R. Ascuaga

 

Director

 

July 21, 2022

Michonne R. Ascuaga        
         

/s/ Steven M. Coldani

 

Director

 

July 21, 2022

Steven M. Coldani        
         

/s/ Gerald W. Fletcher

 

Director

 

July 21, 2022

Gerald W. Fletcher        
         

/s/ Heidi S. Gansert

 

Director

 

July 21, 2022

Heidi S. Gansert        
         

/s/ Richard F. Kenny

 

Director

 

July 21, 2022

Richard F. Kenny        
         

/s/ Robert J. McClintock

 

Vice Chairman and Director

 

July 21, 2022

Robert J. McClintock        
         

/s/ Julie A. Morehead

 

Director

 

July 21, 2022

Julie A. Morehead        
         

/s/ Terrance J. Reeson

 

Director

 

July 21, 2022

Terrance J. Reeson        

 

 

 

 

 

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