Plumas Bancorp (NASDAQ: PLBC) adopts director and executive indemnification

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Plumas Bancorp reported that on February 18, 2026 its Board of Directors, together with subsidiary Plumas Bank, entered into indemnification agreements covering directors and executive officers, including Kevin Kaiser, EVP/Chief Credit Officer appointed on January 1, 2026.

The agreements require the Company and the Bank to indemnify these leaders and advance expenses on their behalf to the fullest extent permitted by applicable law. They also set formal procedures for requesting and receiving indemnification and are in addition to protections already provided under articles of incorporation, bylaws and applicable law.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

02/19/2026 - 09:00 AM

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): February 18, 2026

PLUMAS BANCORP

(Exact name of registrant as specified in its charter)

California		000-49883		75-2987096
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer 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 (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))

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. ☐

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	PLBC	NASDAQ Capital Market

Item 1.01 Entry into a Material Definitive Agreement.

On February 18, 2026, the Board of Directors of Plumas Bancorp (the “Company”) and its subsidiary, Plumas Bank (the “Bank”), entered into indemnification agreements for Kevin Kaiser, EVP/Chief Credit Officer, appointed on January 1, 2026. The indemnification agreements require the Company and the Bank to indemnify their directors and executive officers and to advance expenses on their behalf to the fullest extent permitted by applicable law and establish the procedures by which a director or executive officer may request and receive indemnification. The agreements are in addition to other rights to which a director or executive officer may be entitled under the Company’s or the Bank’s articles of incorporation, bylaws and applicable law.

The foregoing summary description of the indemnification agreements is not intended to be complete and is qualified in its entirety by the complete text of the forms of indemnification agreements filed as Exhibits 10.1 and 10.2 to the Registrant’s Form 8-K filed August 20, 2020 which is incorporated by this reference herein.

Item 9.01 Exhibits

Number	Description
10.1	Form of Plumas Bancorp Indemnification Agreement (incorporated by reference to Exhibit 10.1 of the Company’s Form 8-K filed on August 20, 2020)
10.2	Form of Plumas Bank Indemnification Agreement (incorporated by reference to Exhibit 10.2 of the Company’s Form 8-K filed on August 20, 2020)
104	Cover Page Interactive Data File (embedded within Inline XBRL document).

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)

February 19, 2026	By:	/s/ Richard L. Belstock
		Name: Richard L. Belstock
		Title: Chief Financial Officer

Source: View Original Filing on SEC EDGAR

FAQ

What did Plumas Bancorp (PLBC) approve on February 18, 2026?

Plumas Bancorp approved indemnification agreements for its directors and executive officers. These agreements require the Company and Plumas Bank to indemnify them and advance expenses to the fullest extent permitted by applicable law, adding to protections already provided by articles of incorporation and bylaws.

Who is covered by the new Plumas Bancorp (PLBC) indemnification agreements?

The indemnification agreements cover directors and executive officers of Plumas Bancorp and its subsidiary, Plumas Bank. The filing specifically notes coverage for Kevin Kaiser, who serves as EVP/Chief Credit Officer and was appointed to that role effective January 1, 2026.

How do the Plumas Bancorp (PLBC) indemnification agreements protect executives?

The agreements require Plumas Bancorp and Plumas Bank to indemnify directors and executive officers and advance their expenses to the fullest extent allowed by law. They also define procedures for how an eligible person can request and receive indemnification in connection with covered matters.

Are the new Plumas Bancorp (PLBC) indemnification agreements the only protection available?

No, the agreements are in addition to other rights available under Plumas Bancorp’s and Plumas Bank’s articles of incorporation, bylaws and applicable law. They supplement, rather than replace, existing protections for directors and executive officers of the Company and the Bank.

Which executive is specifically named in the Plumas Bancorp (PLBC) 8-K filing?

The filing specifically names Kevin Kaiser, EVP/Chief Credit Officer of Plumas Bancorp. He was appointed to this role on January 1, 2026 and is included among the directors and executive officers covered by the new indemnification agreements.

Filing Exhibits & Attachments

4 documents