Blue Ridge Bankshares promotes Judy Gavant to President of Blue Ridge Bank
BLUE RIDGE BANKSHARES, INC.
Judy C. Gavant promoted to President and Director of Blue Ridge Bank; retains EVP & CFO roles at holding company.
New two-year employment agreement with base salary of $360,000; annual cash bonus up to 30% of base.
Also entitled to annual long-term incentive award of 30% of base salary.
Severance: without cause/good reason gets base salary for greater of term remainder or 12 months; change-in-control: 2x multiple plus equity acceleration.
On April 20, 2022, Judy C. Gavant was promoted to the position of President of Blue Ridge Bank, National Association (the “Bank”), a wholly-owned subsidiary of Blue Ridge Bankshares, Inc. (the “Company”), and was appointed to serve on the Bank’s Board of Directors.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Judy C. Gavant changed role as President of Blue Ridge Bank, National Association and Director at BLUE RIDGE BANKSHARES, INC..
Action
promoted
Role
President of Blue Ridge Bank, National Association and Director
Exact text from the filing
On April 20, 2022, Judy C. Gavant was promoted to the position of President of Blue Ridge Bank, National Association (the “Bank”), a wholly-owned subsidiary of Blue Ridge Bankshares, Inc. (the “Company”), and was appointed to serve on the Bank’s Board of Directors.
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