secwatch.observer — SEC 8-K summary
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Issuer:     Beacon Financial Corp (BBT)
CIK:        0001108134
Form:       8-K
Filed at:   2021-10-29T23:59:59+00:00
Accession:  0000943374-21-000470
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108134/000094337421000470/0000943374-21-000470-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108134/000094337421000470/form8k_102621.htm
  HTML page:      https://secwatch.observer/filing/0000943374-21-000470

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer