---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-399476"
form_type: "8-K"
ticker: "UNTY"
cik: "0000920427"
company_name: "UNITY BANCORP INC /NJ/"
filed_at: "2026-09-23T20:30:15+00:00"
generated_at: "2026-09-23T20:32:49.789680+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Unity Bancorp CEO Hughes to retire Mar 31, 2027; Boyan named successor

## Summary
- James A. Hughes will retire as CEO of Unity Bancorp and Unity Bank effective March 31, 2027; will remain on both boards.
- George Boyan, current President, becomes President and CEO effective April 1, 2027.
- SERP amendment raises Hughes' retirement benefit from 60% to 65%; one-time pre-tax expense of $769K in Q3 2026.
- Hughes led growth from $356M to $3.2B in assets; market cap up from ~$7.4M to over $575M.

## SEC filing metadata
- accession: 0001193125-26-399476
- form_type: 8-K
- ticker: UNTY
- cik: 0000920427
- company_name: UNITY BANCORP INC /NJ/
- filed_at: 2026-09-23T20:30:15+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/920427/000119312526399476/0001193125-26-399476-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920427/000119312526399476/unty-20260923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-399476
- JSON: https://secwatch.observer/filing/0001193125-26-399476.json
- Plain text: https://secwatch.observer/filing/0001193125-26-399476.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.