Exhibit 99.1
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 4, 2019
American River Bankshares
(Exact name of registrant as specified in its chapter)
|
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
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol(s) | Name of each exchange on which registered |
| Common Stock, no par value | AMRB | Nasdaq Global Select Market |
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. ☐
Page 1 of 4 Pages
The Index to Exhibits is on Page 3
Item 1.01. Entry into a Material Definitive Agreement.
On December 4, 2019, the registrant executed an amendment to a lease (the “Lease Amendment”) with Bradshaw Plaza, Associates, INC. dba Bradshaw Plaza (“Bradshaw Plaza”). This is the second amendment to the lease originally entered into on November 1, 2006. The Second Lease Amendment relates to office space currently occupied by one of the issuer’s banking subsidiaries, American River Bank. The premises are located at 9750 Business Park Drive, Sacramento, California, 95827. Bradshaw Plaza is owned by D B Fite Properties, Inc. Charles D. Fite, a director of the registrant is a majority shareholder in D B Fite Properties, Inc. The Lease Amendment is for a term of thirty-six (36) months, expiring on November 30, 2021. The Second Lease Amendment is an extension of the current lease which expired on November 30, 2019. The foregoing description is qualified by reference to the Lease attached as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
| (c) | Exhibits |
| 99.1 | Second Lease Amendment between Bradshaw Plaza, Associates, Inc. dba Bradshaw Plaza and American River Bank. |
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 4, 2019 | Mitchell A. Derenzo, Chief Financial Officer |
Page 2 of 4
INDEX TO EXHIBITS
| Exhibit No. | Description | Page | ||
| 99.1 | Second Lease Amendment between Bradshaw Plaza, Associates, Inc. dba Bradshaw Plaza and American River Bank. | 4 |
Page 3 of 4
Exhibit 99.1