secwatch.observer — SEC 8-K summary
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Issuer:     BLUE RIDGE BANKSHARES, INC. (BRBS)
CIK:        0000842717
Form:       8-K
Filed at:   2023-07-17T23:59:59+00:00
Accession:  0001193125-23-187723
Event type: leadership
Sentiment:  negative
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842717/000119312523187723/0001193125-23-187723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842717/000119312523187723/d503046d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-187723

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