American River Bankshares (NASDAQ:AMRB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Principal Officers; Election
of Directors; Appointment of Principal Officers; Compensatory
Arrangements of Certain Officers.
(e)(1) On February 15, 2017, the Board of Directors of the
registrant, American River Bankshares (the Company), approved the
incentive compensation earned in 2016 for the executive officers
of the Company. The payments are expected to be paid on or before
March 15, 2017 and are in accordance with the American River
Bankshares 2005 Executive Incentive Plan, incorporated by
reference from Exhibit 99.1 to the Registrants Current Report on
Form 8-K, filed with the Commission on October 27, 2005; the
First Amendment thereto, incorporated by reference from Exhibit
99.1 to the Registrants Current Report on Form 8-K, filed with
the Commission on March 17, 2006; the Second Amendment thereto,
incorporated by reference from Exhibit 99.1 to the Registrants
Current Report on Form 8-K, filed with the Commission on March
23, 2007; the Third Amendment thereto, incorporated by reference
from Exhibit 99.1 to the Registrants Current Report on Form 8-K,
filed with the Commission on February 22, 2008; the Fourth
Amendment thereto, incorporated by reference from the Registrants
Current Report on Form 8-K, filed with the Commission on March
20, 2009; the Fifth Amendment thereto, incorporated by reference
from the Registrants Current Report on Form 8-K, filed with the
Commission on March 18, 2010; the Sixth Amendment thereto,
incorporated by reference from the Registrants Current Report on
Form 8-K, filed with the Commission on March 17, 2011; the
Seventh Amendment thereto, incorporated by reference from the
Registrants Current Report on Form 8-K, filed with the Commission
on February 16, 2012; the Eighth Amendment thereto, incorporated
by reference from the Registrants Current Report on Form 8-K,
filed with the Commission on January 31, 2013; the Ninth
Amendment thereto, incorporated by reference from the Registrants
Current Report on Form 8-K, filed with the Commission on January
16, 2014; the Tenth Amendment thereto, incorporated by reference
from the Registrants Current Report on Form 8-K, filed with the
Commission on January 27, 2015; and the Eleventh Amendment
thereto, incorporated by reference from the Registrants Current
Report on Form 8-K, filed with the Commission on January 22,
2016.
The payments are as follows: David Taber, Chief Executive
Officer, $137,178.26; Mitchell Derenzo, Chief Financial Officer,
$50,774.80; Kevin Bender, Chief Operating Officer, $50,774.80;
and Loren Hunter, Chief Credit Officer, $47,684.61.
Item 9.01. Financial Statements and Exhibits
| (a) | Financial Statements |
Not Applicable.
| (b) | Pro Forma Financial Information |
Not Applicable.
| (c) | Shell Company Transactions |
Not Applicable.
| (d) | Exhibits |
Not Applicable.
About American River Bankshares (NASDAQ:AMRB)
American River Bankshares is a bank holding company. The Company’s banking subsidiary is American River Bank (the Bank). The Bank’s primary business is serving the commercial banking needs of small to mid-sized businesses. The Bank accepts checking and savings deposits; offers money market deposit accounts and certificates of deposit; makes secured and unsecured commercial loans, secured real estate loans, and other installment and term loans, and offers other customary banking services. The Bank also conducts lease financing for various types of business equipment, from computer software to heavy earth-moving equipment. It serves various communities located in Sacramento, Placer, Yolo, El Dorado, Sonoma and Amador counties. It also serves Alameda, Contra Costa and Santa Clara Counties through loan production offices located in the Cities of San Jose and San Ramon. Its loans include real estate construction loans; lease financing receivable; agriculture loans, and consumer loans. American River Bankshares (NASDAQ:AMRB) Recent Trading Information
American River Bankshares (NASDAQ:AMRB) closed its last trading session 00.00 at 15.35 with 8,515 shares trading hands.
