---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-001206"
form_type: "8-K"
ticker: "BYFC"
cik: "0001001171"
company_name: "BROADWAY FINANCIAL CORP \\DE\\"
filed_at: "2025-01-16T23:59:59+00:00"
generated_at: "2026-05-27T23:41:38.909641+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Broadway Financial Corp COO retiring, appoints John A. Allen as Chief Banking Officer

## Summary
- COO Ruth McCloud to retire from City First Bank on March 31, 2025, after 10 years of service.
- John A. Allen appointed as newly created Chief Banking Officer, effective Jan 13, 2025, reporting to CEO Brian Argrett.
- Allen brings 30+ years experience, most recently as Region President at Wells Fargo for Washington D.C. metro area.
- Allen will receive base salary $310,000, target cash award of 25% of base, and equity award of 25% of base.
- Retirement and appointment aim for seamless transition; Allen to oversee commercial sales, credit, operations, retail.

## SEC filing metadata
- accession: 0001140361-25-001206
- form_type: 8-K
- ticker: BYFC
- cik: 0001001171
- company_name: BROADWAY FINANCIAL CORP \DE\
- filed_at: 2025-01-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001171/000114036125001206/0001140361-25-001206-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001171/000114036125001206/ef20041719_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-001206
- JSON: https://secwatch.observer/filing/0001140361-25-001206.json
- Plain text: https://secwatch.observer/filing/0001140361-25-001206.txt

## Key facts
- Executive change
  John A. Allen was appointed as Chief Banking Officer at BROADWAY FINANCIAL CORP \DE\.
  - Action: appointed
  - Role: Chief Banking Officer
  source text: announce the appointment of John A. Allen as Chief Banking Officer. John joined City First Bank on January 13, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001171/000114036125001206/0001140361-25-001206-index.htm
- Executive change
  Ruth McCloud departed as Chief Operating Officer at BROADWAY FINANCIAL CORP \DE\.
  - Action: retiring
  - Role: Chief Operating Officer
  source text: announced Chief Operating Officer, Ruth McCloud, provided notice on January 13, 2025, that she will be retiring from City First Bank on March 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001171/000114036125001206/0001140361-25-001206-index.htm

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