secwatch.observer — SEC 8-K summary
======================================

Issuer:     BLUE RIDGE BANKSHARES, INC. (BRBS)
CIK:        0000842717
Form:       8-K
Filed at:   2022-04-22T23:59:59+00:00
Accession:  0001193125-22-115259
Event type: leadership
Sentiment:  positive
Materiality: 0.40
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Ridge Bankshares promotes Judy Gavant to President of Blue Ridge Bank
--------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842717/000119312522115259/0001193125-22-115259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842717/000119312522115259/d142471d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-115259

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer