secwatch.observer — SEC 8-K summary
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Issuer:     Business First Bancshares, Inc. (BFST)
CIK:        0001624322
Form:       8-K
Filed at:   2025-11-04T23:59:59+00:00
Accession:  0001437749-25-033016
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Business First Bancshares enters amended CEO agreement and new change-in-control pacts with four officers
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- CEO Melville's new agreement provides base salary of at least $827,500, initial 5-year term with auto-renewal.
- Severance on qualifying termination: 3x (base salary + avg bonus) for Melville; 2x for four other executives.
- Change-in-control protection window: 3 months before to 24 months after a change in control.
- Two-year non-solicitation and non-competition covenants apply post-termination for all covered executives.
- Agreements dated October 29, 2025; prior 2019 CEO agreement and older CIC agreements superseded.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624322/000143774925033016/0001437749-25-033016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624322/000143774925033016/bfbi20251104_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-033016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer