Sierra Bancorp adopts Director Emeritus retirement plan with 3-year post-service payments

Filed July 27, 2026 · Period ending July 23, 2026 · ~1 min read

Key Changes

• medium

  Established Director Emeritus position and retirement plan providing qualified non-employee directors 50% of their annual cash retainer for three years after retirement, effective July 23, 2026.

  Item 8.01 verify on EDGAR →
• low

  Eligibility requires voluntary retirement after minimum service years and execution of a Director Emeritus Agreement; specific service threshold not disclosed in filing.

  Item 8.01 verify on EDGAR →
• low

  Annual benefit excludes committee retainers and is based on the director's base cash compensation in the 12 months preceding retirement.

  Item 8.01 verify on EDGAR →