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Quotes & Info
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| AMRB > SEC Filings for AMRB > Form 8-K on 2-Jan-2013 | All Recent SEC Filings |
2-Jan-2013
Change in Directors or Principal Officers, Financial Statements and Exh
On December 31, 2012, the registrants subsidiary, American River Bank, made changes to the Salary Continuation Agreements (the "Agreements") for David T. Taber, President and Chief Executive Officer, Kevin B. Bender, Executive Vice President and Chief Operating Officer, and Mitchell A. Derenzo, Executive Vice President and Chief Financial Officer (the "Executives"), to comply with the requirements of Internal Revenue Code Section 409A, as amended, and to clarify certain provisions of the Agreements. The changes made to the Agreements did not increase any benefits to the Executives, other than increasing the benefit payout period from ten (10) years to fifteen (15) years for Mr. Bender to bring his Agreement in line with that of the other Executives.
The foregoing description is qualified by reference to the Agreements attached as Exhibit 99.1 through Exhibit 99.3.
(c) Exhibits
(99.1) Salary Continuation Agreement between American River Bank and David T.
Taber.
(99.2) Salary Continuation Agreement between American River Bank and Kevin B.
Bender.
(99.3) Salary Continuation Agreement between American River Bank and Mitchell A.
Derenzo.
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