---
schema_version: "secwatch.filing_event.v1"
accession: "0001562762-23-000003"
form_type: "8-K/A"
ticker: "BOTJ"
cik: "0001275101"
company_name: "BANK OF THE JAMES FINANCIAL GROUP INC"
filed_at: "2023-01-06T23:59:59+00:00"
generated_at: "2026-06-20T18:38:06.588191+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Bank of the James finalizes Sorenson Salary Continuation Agreement: $60,000/yr for 15 years upon retirement at 65

## Summary
- Executive EVP-General Counsel Sorenson eligible for $60,000 annual retirement benefit for 15 years upon retirement at age 65 or older.
- Lesser benefits provided for voluntary termination before 65, disability, or change in control; death benefit paid to beneficiary.
- Benefit vested per schedule; Employer may cease accrual if Executive no longer qualifies as highly compensated under ERISA.
- Agreement effective January 1, 2023; payments expected to be funded by bank-owned life insurance on Sorenson.
- Amendment filed to disclose previously unfinalized contract terms from the August 1, 2022 appointment.

## SEC filing metadata
- accession: 0001562762-23-000003
- form_type: 8-K/A
- ticker: BOTJ
- cik: 0001275101
- company_name: BANK OF THE JAMES FINANCIAL GROUP INC
- filed_at: 2023-01-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275101/000156276223000003/0001562762-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275101/000156276223000003/botj-20220801x8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562762-23-000003
- JSON: https://secwatch.observer/filing/0001562762-23-000003.json
- Plain text: https://secwatch.observer/filing/0001562762-23-000003.txt

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