secwatch.observer — SEC 8-K summary
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Issuer:     BLUE RIDGE BANKSHARES, INC. (BRBS)
CIK:        0000842717
Form:       8-K
Filed at:   2024-06-24T23:59:59+00:00
Accession:  0001193125-24-167056
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Ridge Bankshares increases authorized shares to 150M; shareholders approve preferred conversion
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- Five directors retiring effective Sept 25, 2024 annual meeting: voluntary (Farmar, Holzwarth, Janney) and mandatory age (Dean, Dees).
- Shareholders approved amendment increasing authorized common shares from 50M to 150M at June 20 special meeting.
- Shareholders also approved issuance of >20% of outstanding common stock upon conversion of Series B & C preferred stock and warrants.
- For Proposal 1 (stock issuance): 12,214,396 for, 2,994,872 against, 71,128 abstain, 3,400,000 broker non-votes.
- For Proposal 2 (share increase): 15,485,636 for, 3,097,551 against, 97,208 abstain, 0 broker non-votes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842717/000119312524167056/0001193125-24-167056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842717/000119312524167056/d859894d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-167056

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