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SIERRA BANCORP FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 DEPARTURE OF DIRECTORS OF PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS On October 23, 2014, Sierra Bancorp issued a press release announcing the retirement of James C. Holly as Chief Executive Officer of the Company and its wholly-owned subsidiary, Bank of the Sierra (the "Bank"), effective March 31, 2015. Holly will continue in his role as a director of the Company and the Bank subsequent to that date, and will further be appointed as Vice Chairman of the Board. Upon Holly's retirement as CEO, it is anticipated that Kevin J. McPhaill will be appointed President and Chief Executive Officer of the Company and the Bank by the respective boards of those organizations. Mr. McPhaill, who is currently 42 years old, has been President and Chief Operating Officer of the Company and the Bank since January 1, 2014, and prior to that served as an executive vice president and Chief Banking Officer for the Company and the Bank since January 1, 2006. A copy of the press release is attached as Exhibit 99.1 to this Current Report. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits Exhibit Number Description 99.1 Press Release dated October 23, 2014 |