Berkshire Hills board member resigns; senior exec Gunsch departs with $448K separation and consulting deal

Beacon Financial Corp

Director Deborah P. Bailey resigned effective Oct 26, 2021; not due to any disagreement.
Tami Gunsch, Senior EVP Head of Consumer Banking, resigned effective Oct 29, 2021; entered separation agreement.
Separation payment of $448,460 lump sum, plus six months health/dental coverage; includes non-compete, non-solicit.
Gunsch also entered consulting agreement for up to 20 hrs/week at $25K monthly for 4 months.
Non-vested equity awards forfeited; separation subject to clawback for breach.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Tami Gunsch

Senior Executive Vice President, Head of Consumer Banking

BBT · Beacon Financial Corp

Effective: 2021-10-29
Filed: October 29, 2021, 7:59 PM ET

On October 29, 2021, the Company, the Bank, and Tami Gunsch, Senior Executive Vice President, Head of Consumer Banking of the Company and the Bank, entered into a Resignation, Separation Agreement and Full and Final Release of Claims (the “Separation Agreement”) in connection with Ms. Gunsch’s previously disclosed resignation from her employment with the Company and the Bank effective October 29, 2021.

Departed

Deborah P. Bailey

Director

BBT · Beacon Financial Corp

Effective: 2021-10-26
Filed: October 29, 2021, 7:59 PM ET

On October 26, 2021, Deborah P. Bailey resigned from the Boards of Directors of Berkshire Hills Bancorp, Inc. (the “Company”) and Berkshire Bank (the "Bank"), a wholly owned subsidiary of the Company, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Tami Gunsch resigned as Senior Executive Vice President, Head of Consumer Banking at Beacon Financial Corp.

Action: resigned
Role: Senior Executive Vice President, Head of Consumer Banking

Exact text from the filing

On October 29, 2021, the Company, the Bank, and Tami Gunsch, Senior Executive Vice President, Head of Consumer Banking of the Company and the Bank, entered into a Resignation, Separation Agreement and Full and Final Release of Claims (the “Separation Agreement”) in connection with Ms. Gunsch’s previously disclosed resignation from her employment with the Company and the Bank effective October 29, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Deborah P. Bailey resigned as Director at Beacon Financial Corp.

Action: resigned
Role: Director

Exact text from the filing

On October 26, 2021, Deborah P. Bailey resigned from the Boards of Directors of Berkshire Hills Bancorp, Inc. (the “Company”) and Berkshire Bank (the "Bank"), a wholly owned subsidiary of the Company, effective immediately.

View on SEC.gov

Beacon Financial Corp filing history →

Source: SEC EDGAR

accession 0000943374-21-000470

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