secwatch / observer

8-K filed January 29, 2025, 6:59 PM ET ticker BRBS CIK 0000842717

other material confidence high sentiment neutral materiality 0.50

Blue Ridge Bankshares amends CEO Beale's employment agreement; severance, change-in-control terms revised

BLUE RIDGE BANKSHARES, INC.

Effective Jan 1, 2025, Beale's agreement: 2-year term, base salary floor $547,000; annual bonus up to 40% of base.
Severance period for without-cause termination changed to greater of months remaining or 12 months (from up to 12 months less months since May 2023).
Change-in-control payout revised to 2 times (base salary + highest bonus in prior 2 years), from months-remaining formula.
Non-compete covenant extended from 3 months to 12 months; fintech businesses removed from 'competitive business' definition.
CFO Judy Gavant's agreement amended with only ministerial and administrative changes; no material term alterations.

item 5.02 item 9.01

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schema_version: secwatch.filing_event.v1
accession: 0001193125-25-015718
form_type: 8-K
ticker: BRBS
cik: 0000842717
company_name: BLUE RIDGE BANKSHARES, INC.
filed_at: 2025-01-29T23:59:59+00:00
discovered_at: 2026-05-14T18:03:06.494173+00:00
generated_at: 2026-05-27T07:43:37.573937+00:00
sec_items: ["5.02", "9.01"]
event_type: other_material
sentiment: neutral
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: high
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