---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-26-000014"
form_type: "8-K"
ticker: "BVFL"
cik: "0001302387"
company_name: "BV Financial, Inc."
filed_at: "2026-01-23T23:59:59+00:00"
generated_at: "2026-05-16T08:21:43.975254+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BV Financial CEO David Flair resigns, receives $2.1M separation payment

## Summary
- David M. Flair resigns as Co-President, Co-CEO and director effective January 22, 2026.
- Receives $2,142,182 separation payment plus 2025 bonus; employment agreement terminated.
- Consulting arrangement through September 7, 2028; vesting in 24,497 restricted shares and 61,244 stock options per tranche.
- Non-competition and non-solicitation covenants apply during the consulting period.
- Company retains right to terminate consulting upon 30 days notice, triggering pro-rata equity vesting.

## SEC filing metadata
- accession: 0000943374-26-000014
- form_type: 8-K
- ticker: BVFL
- cik: 0001302387
- company_name: BV Financial, Inc.
- filed_at: 2026-01-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1302387/000094337426000014/0000943374-26-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1302387/000094337426000014/form8k_012226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-26-000014
- JSON: https://secwatch.observer/filing/0000943374-26-000014.json
- Plain text: https://secwatch.observer/filing/0000943374-26-000014.txt

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