Monitor the next quarterly filing for any changes in financial reporting quality or guidance under the new CFO, but this transition appears well-planned and non-disruptive.
Price Chart
Executive Summary
Plumas Bancorp announced the planned retirement of CFO Richard Belstock effective January 1, 2027, with an orderly transition to internal successor Kelsey Cassinelli, currently Principal Accounting Officer. Belstock will remain as Special Assistant to the President on a reduced schedule. This is a routine, planned CFO succession with no red flags — the departure is a retirement, a replacement is named, and the outgoing CFO will provide transition support.
Key Facts
- CFO Richard Belstock to retire effective January 1, 2027, after serving since 2011
- Belstock will remain as Special Assistant to the President on a 50% schedule with 50% salary reduction
- Kelsey Cassinelli appointed as successor CFO, effective January 1, 2027
- Cassinelli, age 32, joined Plumas in April 2026 from KPMG where she was a Senior Audit Manager
- Cassinelli's annual base salary set at $300,000, eligible for incentive and equity plans
Financial Impact
No material financial impact — CFO transition is orderly with internal successor and continued advisory role for outgoing CFO.
Risk Factors
- Loss of institutional knowledge as Belstock transitions to part-time advisory role
- Cassinelli's limited tenure at the company (joined April 2026) may present a learning curve
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-033190 |
| Exhibit: ex_1026628.htm | 0001437749-26-033190 |
| Document: 0001437749-26-033190-index-headers.html | 0001437749-26-033190 |
| Document: 0001437749-26-033190-index.html | 0001437749-26-033190 |
| Document: 0001437749-26-033190.txt | 0001437749-26-033190 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $63.49 $63.20 | ▼ −0.46% | ▲ +0.07% | $63.56 (+0.11%) |
Oct 22, 2026 4d ago | Press Release | $63.49 $63.20 | ▼ −0.46% | ▲ +0.07% | $63.56 (+0.11%) |
Oct 22, 2026 4d ago | 8-K | $63.49 $63.20 | ▼ −0.46% | ▲ +0.07% | $63.56 (+0.11%) |
Oct 21, 2026 5d ago | 8-K | $63.05 $63.49 | ▲ +0.70% | ▲ +1.88% | $63.56 (+0.81%) |
Oct 21, 2026 5d ago | 8-K | $63.05 $63.49 | ▲ +0.70% | ▲ +1.88% | $63.56 (+0.81%) |
Oct 21, 2026 5d ago | Press Release | $63.05 $63.49 | ▲ +0.70% | ▲ +1.88% | $63.56 (+0.81%) |
Jul 16, 2026 14w ago | 8-K | $61.96 $61.35 | ▼ −0.98% | ▲ +0.01% | $63.56 (+2.58%) |
Jul 15, 2026 14w ago | 8-K | $60.24 $61.96 | ▲ +2.86% | ▲ +3.40% | $63.56 (+5.51%) |
Jul 15, 2026 14w ago | 8-K | $60.24 $61.96 | ▲ +2.86% | ▲ +3.40% | $63.56 (+5.51%) |
Jul 15, 2026 14w ago | Press Release | $60.24 $61.96 | ▲ +2.86% | ▲ +3.40% | $63.56 (+5.51%) |
US Market Status
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