{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-428970","form_type":"8-K","ticker":"GBFH","cik":"0001791145","company_name":"GBank Financial Holdings Inc.","filed_at":"2026-10-22T20:21:58+00:00","discovered_at":"2026-10-22T20:23:00.198780+00:00","generated_at":"2026-10-22T20:23:11.676692+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"GBank Financial names Jeff Newgard CEO as founder Edward Nigro steps down","bullets":["Edward M. Nigro resigned as Executive Chairman and CEO of GBank Financial Holdings and GBank effective October 22, 2026; he remains a GBFH director.","Jeffrey K. Newgard, 55, was appointed President, CEO and director of GBFH; he retains President and CEO of GBank and becomes chairman of the GBank board.","Nigro's Separation Agreement provides $425,000 annualized through the Term End Date, a prorated 2026 bonus, 18 months of COBRA premiums and up to $10,000 in legal fees.","Nigro was Executive Chairman since 2017 at GBFH and 2007 at GBank; assets grew from $22 million to about $1.4 billion as of June 30, 2026.","Newgard joined in June 2026 after leading Bank of Idaho, which grew from about $250 million to $1.3 billion before its acquisition by Glacier Bancorp."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-428970","json":"https://secwatch.observer/filing/0001193125-26-428970.json","markdown":"https://secwatch.observer/filing/0001193125-26-428970.md","text":"https://secwatch.observer/filing/0001193125-26-428970.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1791145/000119312526428970/0001193125-26-428970-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1791145/000119312526428970/gbfh-20261022.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-22T20:23:11.676692+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"43b8db9edc","claim":"Jeffrey K. Newgard changed role as President and Chief Executive Officer at GBank Financial Holdings Inc..","evidence_excerpt":"The Company’s Board of Directors has determined that Jeffrey K. Newgard (“Mr. Newgard”), President and Chief Executive Officer of the Bank, will assume the roles of President and Chief Executive Officer of the Company upon effectiveness of Mr. Nigro’s resignation.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1791145/000119312526428970/0001193125-26-428970-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"assume the roles of"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"5ded9fa1bd","claim":"Jeffrey K. Newgard was appointed as Chairman of the Bank Board of Directors at GBank Financial Holdings Inc..","evidence_excerpt":"On October 22, 2026, the Board of Directors of the Bank also appointed Mr. Newgard to serve as Chairman of the Bank Board of Directors, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1791145/000119312526428970/0001193125-26-428970-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chairman of the Bank Board of Directors"}],"fact_type":"executive_change"},{"claim_id":"8ad5dfb7d6","claim":"Edward M. Nigro departed as Executive Chairman and Chief Executive Officer at GBank Financial Holdings Inc..","evidence_excerpt":"in connection with the previously approved planned leadership succession of the Company and the Bank, tendered his resignation to the Boards of Directors of the Company and the Bank as Executive Chairman and Chief Executive Officer of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1791145/000119312526428970/0001193125-26-428970-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"tendered his resignation"},{"label":"Role","value":"Executive Chairman and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"c9725b1e83","claim":"Jeffrey K. Newgard was appointed as Director at GBank Financial Holdings Inc..","evidence_excerpt":"On October 22, 2026, the Board of Directors of the Company also appointed Mr. Newgard to serve as a director of the Company, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1791145/000119312526428970/0001193125-26-428970-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}