---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-082659"
form_type: "8-K"
ticker: "BBT"
cik: "0001108134"
company_name: "Beacon Financial Corp"
filed_at: "2026-07-10T20:16:44+00:00"
generated_at: "2026-07-10T20:18:04.451143+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Beacon Financial clarifies director removal standard; will propose charter amendment at next annual meeting

## Summary
- Directors may be removed with or without cause by majority vote under Delaware law, despite existing charter provision.
- Board intends to propose charter amendment at next annual meeting to align with Section 141(k) of DGCL.
- Board decided not to call special meeting due to cost; believes it is not in best interest of stockholders.

## SEC filing metadata
- accession: 0001104659-26-082659
- form_type: 8-K
- ticker: BBT
- cik: 0001108134
- company_name: Beacon Financial Corp
- filed_at: 2026-07-10T20:16:44+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108134/000110465926082659/0001104659-26-082659-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108134/000110465926082659/tm2619549d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-082659
- JSON: https://secwatch.observer/filing/0001104659-26-082659.json
- Plain text: https://secwatch.observer/filing/0001104659-26-082659.txt

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