---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-062570"
form_type: "8-K"
ticker: "BBT"
cik: "0001108134"
company_name: "Beacon Financial Corp"
filed_at: "2023-05-19T23:59:59+00:00"
generated_at: "2026-06-14T19:21:54.983117+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# All proposals approved with at least 97% support at Berkshire Hills annual meeting

## Summary
- All 12 director nominees elected; say-on-pay approved with 35.9M votes for vs. 635.9K against.
- Ratification of Crowe LLP as auditor approved with 40.97M votes for; annual say-on-pay frequency set at one year.
- Quorum of 41.3M shares (93% of outstanding) present; CEO highlighted BEST program progress and credit quality.
- Moody's affirmed A3 deposit rating; KBRA affirmed ratings without change, citing financial strength.
- CEO noted new business opportunities from market disruption and commitment to disciplined credit posture.

## SEC filing metadata
- accession: 0001104659-23-062570
- form_type: 8-K
- ticker: BBT
- cik: 0001108134
- company_name: Beacon Financial Corp
- filed_at: 2023-05-19T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108134/000110465923062570/0001104659-23-062570-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108134/000110465923062570/tm2316285d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-062570
- JSON: https://secwatch.observer/filing/0001104659-23-062570.json
- Plain text: https://secwatch.observer/filing/0001104659-23-062570.txt

## Key facts
- Shareholder Votes
  Beacon Financial Corp shareholders approved Election of Directors at the 2023-05-18 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-18
  source text: The shareholders elected each nominee to serve as a director of the Company for a term of one year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108134/000110465923062570/0001104659-23-062570-index.htm
- Shareholder Votes
  Beacon Financial Corp shareholders approved Advisory vote on frequency of future shareholder votes on executive compensation at the 2023-05-18 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-05-18
  source text: The shareholders voted, on a non-binding, advisory basis, on the frequency of future shareholder votes on the Company’s executive compensation as follows: One Year Two Years Three Years Abstain Broker Non-Votes 33,376,723 42,666 3,227,967 44,717 4,633,752
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108134/000110465923062570/0001104659-23-062570-index.htm
- Shareholder Votes
  Beacon Financial Corp shareholders approved Advisory vote on executive compensation at the 2023-05-18 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-18
  source text: The shareholders gave advisory approval of the compensation of the Company’s named executive officers as disclosed in the proxy statement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108134/000110465923062570/0001104659-23-062570-index.htm
- Shareholder Votes
  Beacon Financial Corp shareholders approved Ratification of appointment of Crowe LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-05-18 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-18
  source text: The shareholders ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for fiscal year 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108134/000110465923062570/0001104659-23-062570-index.htm

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