8-K filed July 17, 2023, 7:59 PM ET ticker BRBS CIK 0000842717

leadership confidence high sentiment negative materiality 0.65

Blue Ridge Bankshares CEO Brian Plum resigns; G. William Beale appointed as replacement effective July 12

BLUE RIDGE BANKSHARES, INC.

Brian K. Plum resigned as President, CEO, and director effective July 12, 2023; no reason stated.
Board appointed G. William Beale (73) as President, CEO, and director, effective same day.
Beale previously served as CEO of Community Bankers Bank and Union Bank & Trust (Atlantic Union Bank).
Beale's employment agreement: $547,000 base salary, bonus up to 40%, LTI up to 60%, two-year term with auto-renewal.
Severance provisions include non-compete for 3 months and non-solicit for 12 months post-termination.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Brian K. Plum

Director

BRBS · BLUE RIDGE BANKSHARES, INC.

Effective: 2023-07-12
Successor: G. William Beale
Filed: July 17, 2023, 7:59 PM ET

On July 12, 2023, Brian K. Plum, President and Chief Executive Officer of Blue Ridge Bankshares, Inc. (the “Company”), notified the Company of his resignation as President and Chief Executive Officer and as a director of the Company, effective on such date.

Appointed

G. William Beale

President and Chief Executive Officer

BRBS · BLUE RIDGE BANKSHARES, INC.

Effective: 2023-07-12
Filed: July 17, 2023, 7:59 PM ET

the Board of Directors of the Company appointed G. William Beale, the current Chief Executive Officer of the Company’s wholly-owned subsidiary, Blue Ridge Bank, National Association (the “Bank”), as President and Chief Executive Officer of the Company, effective July 12, 2023.

Appointed

G. William Beale

Director

BRBS · BLUE RIDGE BANKSHARES, INC.

Effective: 2023-07-12
Filed: July 17, 2023, 7:59 PM ET

Mr. Beale was also appointed to the Board of Directors of the Company effective July 12, 2023, as well as its Executive Committee.

Departed

Brian K. Plum

President and Chief Executive Officer

BRBS · BLUE RIDGE BANKSHARES, INC.

Effective: 2023-07-12
Successor: G. William Beale
Filed: July 17, 2023, 7:59 PM ET

On July 12, 2023, Brian K. Plum, President and Chief Executive Officer of Blue Ridge Bankshares, Inc. (the “Company”), notified the Company of his resignation as President and Chief Executive Officer and as a director of the Company, effective on such date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Brian K. Plum resigned as Director at BLUE RIDGE BANKSHARES, INC..

Action: resigned
Role: Director

Exact text from the filing

On July 12, 2023, Brian K. Plum, President and Chief Executive Officer of Blue Ridge Bankshares, Inc. (the “Company”), notified the Company of his resignation as President and Chief Executive Officer and as a director of the Company, effective on such date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

G. William Beale was appointed as President and Chief Executive Officer at BLUE RIDGE BANKSHARES, INC..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

the Board of Directors of the Company appointed G. William Beale, the current Chief Executive Officer of the Company’s wholly-owned subsidiary, Blue Ridge Bank, National Association (the “Bank”), as President and Chief Executive Officer of the Company, effective July 12, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

G. William Beale was appointed as Director at BLUE RIDGE BANKSHARES, INC..

Action: appointed
Role: Director

Exact text from the filing

Mr. Beale was also appointed to the Board of Directors of the Company effective July 12, 2023, as well as its Executive Committee.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brian K. Plum resigned as President and Chief Executive Officer at BLUE RIDGE BANKSHARES, INC..

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

On July 12, 2023, Brian K. Plum, President and Chief Executive Officer of Blue Ridge Bankshares, Inc. (the “Company”), notified the Company of his resignation as President and Chief Executive Officer and as a director of the Company, effective on such date.

View on SEC.gov

BLUE RIDGE BANKSHARES, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-187723

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.