secwatch.observer — SEC 8-K summary
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Issuer:     BV Financial, Inc. (BVFL)
CIK:        0001302387
Form:       8-K
Filed at:   2026-01-23T23:59:59+00:00
Accession:  0000943374-26-000014
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1302387/000094337426000014/0000943374-26-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1302387/000094337426000014/form8k_012226.htm
  HTML page:      https://secwatch.observer/filing/0000943374-26-000014

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