secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF THE JAMES FINANCIAL GROUP INC (BOTJ)
CIK:        0001275101
Form:       8-K
Filed at:   2026-01-09T23:59:59+00:00
Accession:  0001275101-26-000002
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of the James co-founder J. Todd Scruggs retires from board and executive roles effective Jan 5
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- J. Todd Scruggs retired Jan 5, 2026 from boards of Company and Bank; also as Secretary, Treasurer, EVP and CIO.
- Scruggs co-founded Bank of the James in 1998 with CEO Robert R. Chapman III and served as CFO through 2025.
- His retirement is not due to any disagreement with the Company; no successor for Secretary/Treasurer or CIO named.
- He was key to growth from $10M initial capital to over $1B in assets and 20+ Virginia branches.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275101/000127510126000002/0001275101-26-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275101/000127510126000002/botj-20260105x8k.htm
  HTML page:      https://secwatch.observer/filing/0001275101-26-000002

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