Plumas Bancorp 8-K/A, filed Mar 21, 2024
Plumas Bancorp (PLBC)
8-K/A
2024-03-21
For: 2023-11-29
View Original
Added on
April 06, 2026
About this 8-K/A
Plumas Bancorp filed this 8-K/A on March 21, 2024, reporting on events of November 29, 2023.
Items reported
- Item 4.01: Change of auditor
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
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 29, 2023
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The
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Explanatory Note
This Current Report on Form 8-K/A amends the Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on November 30, 2023 (the “Initial Form 8-K”) by Plumas Bancorp (the “Company”) concerning the decision of the Audit Committee of the Board of Directors (the “Audit Committee”) of the Company to engage Elliott Davis LLC as the Company’s new independent registered public accounting firm to audit the Company’s consolidated financial statements for its fiscal year ending December 31, 2024. The Company formally engaged Elliott Davis LLC on December 21, 2023 for the audit of the Company’s consolidated financial statements. Eide Bailly LLP (“Eide Bailly”) completed its the audit of the Company’s consolidated financial statements as of and for the fiscal year ended December 31, 2023 on March 20, 2024 and issued their report thereon.
Item 4.01. Changes in Registrant’s Certifying Accountant
As previously reported in the Initial Form 8-K, the Audit Committee selected Elliott Davis LLC as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2024. Eide Bailly continued as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. On March 20, 2024, when the Company filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 with the SEC, Eide Bailly completed its audit of the Company’s consolidated financial statements for such fiscal year, and the Company’s retention of Eide Bailly as its independent registered public accounting firm with respect to the audit of the Company’s consolidated financial statements as of December 31, 2023 terminated as of that date.
Eide Bailly’s reports on the Company’s consolidated financial statements as of and for the fiscal years ended December 31, 2023 (“fiscal year 2023”) and December 31, 2022 (“fiscal year 2022”) did not contain any adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During fiscal year 2023 and fiscal year 2022, and in the subsequent interim period through March 20, 2024, the effective date of Eide Bailly’s dismissal, (i) there were no disagreements with Eide Bailly (within the meaning of Item 304(a)(1)(iv) of Regulation S-K) on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure that if not resolved to Eide Bailly’s satisfaction, would have caused Eide Bailly to make reference thereto in its reports; and (ii) there were no “reportable events” (as defined by Item 304(a)(1)(v) of Regulation S-K).
The Company provided Eide Bailly with a copy of the foregoing disclosures and requested that Eide Bailly provide a letter addressed to the SEC stating whether it agrees with such disclosures. A copy of Eide Bailly’s letter dated March 20, 2024 is filed as Exhibit 16.1 to this Current Report on Form 8-K/A.
During fiscal year 2021 and fiscal year 2022, and in the subsequent interim period through its formal engagement on December 20, 2023, neither the Company nor anyone on its behalf consulted Elliott Davis LLC regarding (i) the application of accounting principles to a specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, and neither a written report nor oral advice was provided to the Company that Elliott Davis LLC concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue; (ii) any matter that was the subject of a disagreement within the meaning of Item 304(a)(1)(iv) of Regulation S-K and the related instructions; or (iii) any reportable event within the meaning of Item 304(a)(1)(v) of Regulation S-K.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description |
| 16.1 | Letter of Eide Bailly LLP, dated March 20, 2024. |
| 104 | Cover Page Interactive Data File (embedded within the 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.
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Plumas Bancorp
(Registrant)
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| March 21, 2024 | By: | /s/ Richard L. Belstock |
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Name: Richard L. Belstock
Title: Chief Financial Officer
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EXHIBIT 16.1
March 20, 2024
Securities and Exchange Commission
100 F Street NE
Washington, DC 20549
Commissioners:
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, as part of the Form 8-K/A of Plumas Bancorp, dated March 21, 2024, and are in agreement with the disclosures in the referenced Form 8-K/A, insofar as they pertain to our firm.
We have not been requested to, nor are we providing any representations related to the other disclosures included in this Form 8-K/A.
Very truly yours,
/s/ Eide Bailly LLP
Eide Bailly LLP
www.eidebailly.com
800 Nicollet Mall, Ste. 1300 | Minneapolis, MN 55402-7033 | T 612.253.6500 | F 612.253.6600 | EOE