---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-21-000470"
form_type: "8-K"
ticker: "BBT"
cik: "0001108134"
company_name: "Beacon Financial Corp"
filed_at: "2021-10-29T23:59:59+00:00"
generated_at: "2026-06-28T16:05:53.357861+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000943374-21-000470
- form_type: 8-K
- ticker: BBT
- cik: 0001108134
- company_name: Beacon Financial Corp
- filed_at: 2021-10-29T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108134/000094337421000470/0000943374-21-000470-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108134/000094337421000470/form8k_102621.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-21-000470
- JSON: https://secwatch.observer/filing/0000943374-21-000470.json
- Plain text: https://secwatch.observer/filing/0000943374-21-000470.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108134/000094337421000470/0000943374-21-000470-index.htm
- Executive change
  Deborah P. Bailey resigned as Director at Beacon Financial Corp.
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108134/000094337421000470/0000943374-21-000470-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.