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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) May 22, 2024

SIERRA BANCORP

(Exact name of registrant as specified in its charter)

California

000-33063

33-0937517

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

86 North Main Street, Porterville, CA 93257

(Address of principal executive offices)

(Zip code)

(559) 782-4900

(Registrant’s telephone number including area code)

Not applicable

(Former name or former address, if changed since last report)

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):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, no par value

BSRR

NASDAQ Global Select Market

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 5.07submission of matters to a vote of security holders

The Company’s annual meeting of shareholders was held on May 22, 2024, at which time shareholders voted in favor of item 1, election of directors, item 2, ratification of appointment of RSM, and item 3, advisory vote on executive compensation. Proxies were solicited by the Company’s management pursuant to Section 14 of the Securities Exchange Act of 1934, and regulations thereunder.

A total of 11,491,732 shares were represented and voting at the meeting, constituting 78.45% of the 14,647,872 issued and outstanding shares entitled to vote at the meeting. There was no solicitation in opposition to Management’s nominees for directorship as listed in the proxy statement, and all of such nominees were elected pursuant to the vote of shareholders. The vote on the election of the six nominees to serve as Class II directors for two-year terms was as follows:

1

For

Percent Votes Cast “For”

Against and Withheld

James C. Holly

8,077,235

91.70%

731,357

Morris A. Tharp

7,742,544

87.90%

1,066,048

Kevin J. McPhaill

8,468,717

96.14%

339,875

Lynda B. Scearcy

7,963,319

90.40%

845,273

Susan M. Abundis

8,431,823

95.72%

376,769

Michele M. Gil

8,447,910

95.91%

360,682

There were 2,683,140 broker non-votes received with respect to this item.

The terms of the following directors continued after the shareholders’ meeting: Albert L. Berra, Vonn R. Christenson, Ermina Karim, Julie G. Castle, Laurence S. Dutto, and Gordon T. Woods.

The appointment of RSM US LLP as the Company’s independent registered public accounting firm for 2024 was ratified, with the number of shares cast as follows:

For:11,263,371

Against:88,918

Abstain:139,443

The number voting “for” constituted 99.21% of the total number of shares represented and voting at the meeting with respect to proposal 2. There were no broker non-votes with respect to this item.

The advisory vote on executive compensation was approved, with the number of shares cast as follows:

For:7,082,915

Against:1,695,067

Abstain:30,610

The number voting “for” constituted 80.68% of the total number of shares represented and voting at the meeting with respect to proposal 3. There were 2,683,140 broker non-votes received with respect to this item.

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: May 24, 2024

By:

/s/ Christopher G. Treece

Christopher G. Treece

Executive Vice President &

Chief Financial Officer

v3.24.1.1.u2
Document and Entity Information
May 22, 2024
Cover [Abstract]  
Entity Central Index Key 0001130144
Document Type 8-K
Document Period End Date May 22, 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

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