---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-128694"
form_type: "8-K"
ticker: "BBT"
cik: "0001108134"
company_name: "Beacon Financial Corp"
filed_at: "2024-12-16T23:59:59+00:00"
generated_at: "2026-05-29T02:46:20.915520+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Berkshire Hills Bancorp to acquire Brookline Bancorp in stock merger; shareholders receive 0.42x Berkshire shares

## Summary
- Merger consideration: each Brookline share exchanges for 0.42 Berkshire common share; fractional shares paid in cash.
- Berkshire raises ~$100M via private placement of 3.45M shares at $29/sh; proceeds support merger and capital ratios.
- Combined board set at 16 directors: 8 from Berkshire, 8 from Brookline; Brunelle Chair, Perrault CEO for ≥2 years.
- Termination fee of $45M applies if either party backs out under specified conditions.
- Sean Gray enters new employment agreement with $3.9M retention bonus (half at Yr1, half at Yr2 post-close).

## SEC filing metadata
- accession: 0001104659-24-128694
- form_type: 8-K
- ticker: BBT
- cik: 0001108134
- company_name: Beacon Financial Corp
- filed_at: 2024-12-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108134/000110465924128694/0001104659-24-128694-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108134/000110465924128694/tm2431117d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-128694
- JSON: https://secwatch.observer/filing/0001104659-24-128694.json
- Plain text: https://secwatch.observer/filing/0001104659-24-128694.txt

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