false 0001168455 0001168455 2023-11-17 2023-11-17
 
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) November 17, 2023
 
Plumas Bancorp
(Exact name of registrant as specified in its charter)
 
California 000-49883 75-2987096
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
 
5525 Kietzke Lane, Suite 100, Reno, Nevada   89511
(Address of principal executive offices)   (Zip Code)
 
Registrant’s telephone number, including area code         (775) 786-0907
 
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:
 
☐
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))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
 
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. ☐
 
Securities registered pursuant to Section 12(b) of the Act: 
 
Title of Each Class:
Trading Symbol
Name of Each Exchange on which Registered:
Common Stock, no par value
PLBC
The NASDAQ Stock Market LLC
 
 
 
 
 
Item 4.01
Changes in Registrant’s Certifying Accountant
 
On November 17, 2023, Eide Bailly LLP (“Eide Bailly”) notified the Company that Eide Bailly has made a decision to exit the financial institution portion of its SEC audit practice, and therefore will decline to stand for reappointment as the Company’s independent registered public accounting firm for the year ending December 31, 2024.
 
The Company will continue to engage Eide Bailly for the audit of the financial statements for the year ending December 31, 2023. The Company anticipates engaging a new accounting firm in time for the review of the Company's interim financial statements for the quarter ending March 31, 2024.
 
The audit reports of Eide Bailly on the Company's consolidated financial statements as of and for the years ended December 31, 2022 and 2021 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
 
During the years ended December 31, 2022 and 2021, and subsequent interim periods through the date hereof, there have been no disagreements with Eide Bailly on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Eide Bailly, would have caused Eide Bailly to make reference to the subject matter of the disagreement in connection with its reports on the Company's financial statements for such periods.
 
During the two most recent years ended December 31, 2022 and 2021 and subsequent interim periods through the date hereof, there were no "reportable events" as that term is described in Item 304(a)(1)(v) of Regulation S-K.
 
The Company has provided Eide Bailly with a copy of this Form 8-K and requested that Eide Bailly furnish a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made by the Company herein and, if not, stating the respects in which it does not agree. A copy of Eide Bailly’s letter dated November 20, 2023, is filed as Exhibit 16.1 to this Form 8-K.
 
Item 9.01 Exhibits
 
Number Description
   
16.1 Eide Bailly’s letter dated November 20, 2023
   
104 Cover Page Interactive Data File
 
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Plumas Bancorp
  (Registrant)  
 
November 20, 2023
By:
 
/s/ Richard L. Belstock
 
Name: Richard L. Belstock
 
Title: Chief Financial Officer
 
 
ao1.jpg

 

EXHIBIT 16.1

 

 

 

November 20, 2023

 

Securities and Exchange Commission

100 F Street NE

Washington, DC 20549

 

Commissioners:

 

On November 17, 2023, we provided notice to Plumas Bancorp. (the Company) of our decision to not stand for reelection as the Company’s independent registered public accounting firm with respect to the audit and interim review engagements of the Company.

 

We have read the statements made by Plumas Bancorp, which we understand will be filed with the Securities and Exchange Commission, pursuant to Item 4.01 of Form 8-K, dated November 20, 2023, and are in agreement with the disclosures in the referenced Form 8-K, insofar as they pertain to our firm. We have not been requested nor are we providing any representations related to the other disclosures included in this Form 8-K.

 

Sincerely,

 

/s/ Eide Bailly LLP

 

Eide Bailly LLP

 

 
v3.23.3
Document And Entity Information
Nov. 17, 2023
Document Information [Line Items]  
Entity, Registrant Name Plumas Bancorp
Document, Type 8-K
Document, Period End Date Nov. 17, 2023
Entity, Incorporation, State or Country Code CA
Entity, File Number 000-49883
Entity, Tax Identification Number 75-2987096
Entity, Address, Address Line One 5525 Kietzke Lane, Suite 100
Entity, Address, City or Town Reno
Entity, Address, State or Province NV
Entity, Address, Postal Zip Code 89511
City Area Code 775
Local Phone Number 786-0907
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity, Emerging Growth Company false
Title of 12(b) Security Common Stock
Trading Symbol PLBC
Security Exchange Name NASDAQ
Amendment Flag false
Entity, Central Index Key 0001168455
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