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AMRB > SEC Filings for AMRB > Form 8-K on 19-Dec-2013All Recent SEC Filings

Show all filings for AMERICAN RIVER BANKSHARES | Request a Trial to NEW EDGAR Online Pro



Change in Directors or Principal Officers, Financial Statements and Exh

Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.


On December 17, 2013, the Registrant, American River Bankshares (the "Company"), received a letter from Robert H. Muttera, Executive Vice President and Chief Credit Officer, indicating that effective January 16, 2014, he intends to resign from the Company. Mr. Muttera is voluntarily leaving the Company to seek another opportunity. The Company has not yet named Mr. Muttera's replacement and will begin a search to find a new Chief Credit Officer. In addition to receiving his earned but unpaid salary and vacation, Mr. Muttera is eligible to receive future benefits under his Salary Continuation Agreement and his Deferred Compensation Agreement. Mr. Muttera's Salary Continuation Agreement is qualified by reference to the Registrant's Form 8-K filed with the Securities and Exchange Commission (the "Commission") on February 4, 2013. Mr. Muttera's deferred compensation is qualified by reference to the Registrant's Form 8-K, filed with the Commission on January 3, 2012. Mr. Muttera did not have any vested stock options or any unvested restricted stock to be forfeited in accordance with the terms of the Company's 2000 Stock Option Plan and the Company's 2010 Equity Incentive Plan.

The foregoing description is qualified by reference to the letter of resignation from Mr. Muttera, dated December 17, 2013 attached as Exhibit 99.1 and the Registrants press release dated December 19, 2013 attached as Exhibit 99.2.


The Registrant has not yet named a replacement for Mr. Muttera.

The foregoing description is qualified by reference to Registrants press release dated December 19, 2013 attached as Exhibit 99.2.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits

(99.1) Letter of resignation from Robert H. Muttera.

(99.2) Press Release dated December 19, 2013.

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