UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

 

Date of Report (Date of earliest reported) December 20, 2017  

 

 

American River Bankshares

(Exact name of registrant as specified in its charter)

 

 

California

  

0-31525

  

68-0352144

(State or other jurisdiction
Of incorporation)		   (Commission
File Number)		    (IRS Employer
Identification No.)

 

 

3100 Zinfandel Drive, Suite 450, Rancho Cordova, California   95670  
(Address of principal executive offices)   (Zip Code)  

 

 

Registrant’s telephone number, including area code (916) 851-0123  

 

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

[ ] Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[ ] Solicitation material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

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

 

(e)

(1) On December 20, 2017, the Board of Directors of the registrant, American River Bankshares, approved base salaries for the following executives, effective April 1, 2018: Mitchell Derenzo, Chief Financial Officer, $226,000; Kevin Bender, Chief Operating Officer, $226,000; and Loren Hunter, Chief Credit Officer, $201,000.

 

Item 9.01. Financial Statements and Exhibits.

 

(a)

Financial Statements

  

Not Applicable.

 (b)Pro Forma Financial Information
  Not Applicable.
 (c)Shell Company Transactions
  Not Applicable.
 (d)Exhibits
  Not Applicable.

 

 

 

 

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.

 

  AMERICAN RIVER BANKSHARES
     
     
  /s/ Mitchell A. Derenzo  
December 21, 2017 Mitchell A. Derenzo, Chief Financial Office

 

 

 

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