{"schema_version":"secwatch.filing_event.v1","accession":"0000943374-24-000109","form_type":"8-K","ticker":"BBT","cik":"0001108134","company_name":"Beacon Financial Corp","filed_at":"2024-03-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.382494+00:00","generated_at":"2026-06-04T08:58:24.000083+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"CEO Nitin Mhatre gets new 3-year contract with lump-sum severance of base+bonuses for remaining term","bullets":["New three-year employment agreement for CEO Nitin Mhatre, effective Jan 21, 2024, replaces prior 2021 agreement.","Base salary unchanged at $835,000 per year; term expires Jan 2027 unless extended.","Severance on termination without cause/good reason changed to lump sum of base salary plus annual bonuses for remaining agreement term.","Change-in-control severance: 3x (base salary + avg/target bonus) if terminated within 24 months post-change.","Agreement requires release of claims; medical/dental continued at no cost during severance period."],"urls":{"canonical":"https://secwatch.observer/filing/0000943374-24-000109","json":"https://secwatch.observer/filing/0000943374-24-000109.json","markdown":"https://secwatch.observer/filing/0000943374-24-000109.md","text":"https://secwatch.observer/filing/0000943374-24-000109.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108134/000094337424000109/0000943374-24-000109-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1108134/000094337424000109/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T08:58:24.000083+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}