Short answer
SIERRA BANCORP (BSRR) filed an 8-K current report with the SEC on April 20, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). William J. Wade II terminated April 17, 2026, as Chief Operations Officer during organizational realignment.
SIERRA BANCORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- William J. Wade II terminated April 17, 2026, as Chief Operations Officer during organizational realignment
- Severance: 12 months’ salary plus 12 months’ health-insurance premiums, conditional on signing a release within 21 days
- CFO Christopher Treece assumes Chief Operations Officer duties, combining two key executive roles
- Treece’s annual base salary increased $25,000 to $466,000 under amended employment agreement
- Marc Wolfe appointed Principal Accounting Officer, advancing from Corporate Controller without disclosed conflicts or related-party ties
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