Sierra Bancorp (NASDAQ:BSRR), the parent company of Bank of the Sierra, announced the immediate retirement of Director Gordon Woods on Monday. According to the SEC filing made today, Woods has also resigned from his position on the board of both Sierra Bancorp and its subsidiary, effective as of October 21, 2024.
The board expressed gratitude for Woods's service and contributions to the company over the years and extended their best wishes for his retirement. The details of the transition or the appointment of a new director were not disclosed in the filing.
Sierra Bancorp, headquartered in Porterville, California, operates as a state commercial bank. The company's common stock is traded on the NASDAQ Global Select Market under the symbol BSRR.
This announcement follows standard corporate governance practices, where changes in directorship are required to be disclosed to shareholders and the public. The filing with the Securities and Exchange Commission ensures transparency and compliance with regulatory requirements.
Investors and stakeholders of Sierra Bancorp will be watching closely for any further announcements regarding the company's leadership and governance structure following this departure. The company's next steps in filling the vacancy left by Woods will be of particular interest to those following the bank's strategic direction.
The information in this article is based on the latest 8-K filing by Sierra Bancorp with the SEC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.