---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-24-000933"
form_type: "8-K"
ticker: null
cik: "0001766526"
company_name: "Tectonic Financial, Inc."
filed_at: "2024-10-01T23:59:59+00:00"
generated_at: "2026-05-30T23:37:56.584836+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# President/CEO Patrick Howard to retire; A. Haag Sherman to assume roles by July 2025

## Summary
- Howard resigns as director, President of Tectonic Financial, CEO of TBI and T Bank, effective Jan–July 2025.
- Sherman (current CEO of parent) appointed President of parent, CEO of TBI and T Bank upon Howard's departure.
- Howard to serve as executive advisor through Jan 15, 2026; will receive $175k year-end bonus and $250k performance bonus for each of 2024 and 2025.
- Company to cash out 100,000 stock options at $18.80 per share minus exercise price within 30 business days.
- Transition Services Agreement replaces prior employment agreement; no disagreement cited for departure.

## SEC filing metadata
- accession: 0001185185-24-000933
- form_type: 8-K
- cik: 0001766526
- company_name: Tectonic Financial, Inc.
- filed_at: 2024-10-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1766526/000118518524000933/0001185185-24-000933-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1766526/000118518524000933/tectonic20240930_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-24-000933
- JSON: https://secwatch.observer/filing/0001185185-24-000933.json
- Plain text: https://secwatch.observer/filing/0001185185-24-000933.txt

## Key facts
- Executive change
  Patrick Howard retired as Director, President of the Company, President and Chief Executive Officer of TBI, and President and Chief Executive Officer of the Bank at Tectonic Financial, Inc..
  - Action: retired
  - Role: Director, President of the Company, President and Chief Executive Officer of TBI, and President and Chief Executive Officer of the Bank
  source text: notified the Boards of Directors of the Company, TBI and the Bank of his decision to retire from the Boards of Directors of the Company, TBI and the Bank, and as President of the Company, President and Chief Executive Officer of TBI, and President and Chief Executive Officer of the Bank in 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1766526/000118518524000933/0001185185-24-000933-index.htm
- Executive change
  A. Haag Sherman was appointed as President of the Company, Chief Executive Officer of TBI and Chief Executive Officer of the Bank at Tectonic Financial, Inc..
  - Action: appointed
  - Role: President of the Company, Chief Executive Officer of TBI and Chief Executive Officer of the Bank
  source text: appoint Mr. A. Haag Sherman to serve as President of the Company, Chief Executive Officer of TBI and Chief Executive Officer of the Bank, effective upon the termination of employment of Mr. Howard
  evidence_url: https://www.sec.gov/Archives/edgar/data/1766526/000118518524000933/0001185185-24-000933-index.htm

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