---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-23-000047"
form_type: "8-K/A"
ticker: "BBT"
cik: "0001108134"
company_name: "Beacon Financial Corp"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T07:50:17.806580+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Berkshire Hills Bancorp corrects CFO severance terms from 2x to 3x salary plus 36 months insurance

## Summary
- David Rosato hired as SEVP and CFO effective Feb 6, 2023; base salary $500,000.
- Corrected severance: three times base salary plus cash incentive, 36 months insurance (was originally two times, 24 months).
- Previously served as CFO of People's United Financial and Treasurer of Webster Financial.
- No other changes to original filing.

## SEC filing metadata
- accession: 0000943374-23-000047
- form_type: 8-K/A
- ticker: BBT
- cik: 0001108134
- company_name: Beacon Financial Corp
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108134/000094337423000047/0000943374-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108134/000094337423000047/form8k-a_012523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-23-000047
- JSON: https://secwatch.observer/filing/0000943374-23-000047.json
- Plain text: https://secwatch.observer/filing/0000943374-23-000047.txt

## Key facts
- Executive change
  David Rosato was appointed as Senior Executive Vice President and Chief Financial Officer at Beacon Financial Corp.
  - Action: hired
  - Role: Senior Executive Vice President and Chief Financial Officer
  source text: On January 25, 2023, the Company announced the hiring of David Rosato, age 61, as Senior Executive Vice President and Chief Financial Officer of the Company and of the Bank effective February 6, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108134/000094337423000047/0000943374-23-000047-index.htm

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