PRIME MERIDIAN HOLDING COMPANY (OTCMKTS:PMHG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

PRIME MERIDIAN HOLDING COMPANY (OTCMKTS:PMHG) 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.

Story continues below

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 11, 2018, Prime Meridian Holding Company (“PMHG”) and Prime Meridian Bank (the “Bank”) (collectively, the “Company”) and each of Company Vice Chairman, Chief Executive Officer, and President Sammie D. Dixon, Jr. and Bank Executive Vice President and Senior Lender Chris L. Jensen, Jr., entered into Amendments to the Defined Contribution Agreements dated November 20, 2018 (the “Amendments”).

The following summaries of the Amendments do not purport to be complete and are qualified in their entirety by reference to the Amendments, which are attached as Exhibits 10.1 and 10.2 to this Form 8-K and are incorporated by reference herein.

Mr. Dixon’s and Mr. Jensen’s Amendments clarify that the accruals necessary to provide for Mr. Dixon’s retirement benefit should be calculated based on an interest rate determined by PMHG’s Board of Directors.

Mr. Jensen’s Amendment also revises his retirement age from 65 years to 67 years.

Other than those items, the Amendments do not otherwise change the terms of the Defined Contribution Agreements.

Item 5.02

Financial Statements and Exhibits.

SIGNATURE

Prime Meridian Holding Co Exhibit
EX-10.1 2 ex_131600.htm EXHIBIT 10.1 ex_131600.htm Exhibit 10.1   AMENDMENT TO DEFINED CONTRIBUTION AGREEMENT   THIS AMENDMENT TO DEFINED CONTRIBUTION AGREEMENT (this “Amendment”),…
To view the full exhibit click here

About PRIME MERIDIAN HOLDING COMPANY (OTCMKTS:PMHG)

Prime Meridian Holding Company is a one-bank holding company for Prime Meridian Bank (the Bank). The Bank offers a range of banking services to the Tallahassee Metropolitan Statistical Area and the surrounding North Florida and South Georgia areas. The Bank provides a range of consumer and commercial banking services to individuals and businesses. In addition to electronic banking services, such as mobile banking, remote deposit, mobile deposit, Apple Pay, Bank-to-Bank transfers and online banking, it offers basic services, which include demand interest-bearing and noninterest-bearing accounts, savings accounts, money-market deposit accounts, health savings accounts, negotiable order of withdrawal accounts, time deposits, safe deposit services, wire transfers, foreign exchange services, escrow accounts, debit cards, direct deposits, notary services, night depository, official checks, domestic collections, bank drafts, automated teller services, drive-in tellers and banking by mail.

An ad to help with our costs