---
schema_version: "secwatch.filing_event.v1"
accession: "0001649739-22-000091"
form_type: "8-K"
ticker: "BAFN"
cik: "0001649739"
company_name: "BayFirst Financial Corp."
filed_at: "2022-03-09T23:59:59+00:00"
generated_at: "2026-06-27T00:25:26.901151+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Director Trifon Houvardas resigns after loan guarantee dispute with BayFirst

## Summary
- Trifon Houvardas resigned from BayFirst Financial Corp. and First Home Bank boards on March 4, 2022.
- Resignation followed a defaulted loan; Houvardas paid as guarantor then sought assignment and made disparaging statements about the bank.
- Houvardas refused to retract statements; company and bank requested his resignation.
- Houvardas had not responded to company's offer to comment on disclosure as of filing.

## SEC filing metadata
- accession: 0001649739-22-000091
- form_type: 8-K
- ticker: BAFN
- cik: 0001649739
- company_name: BayFirst Financial Corp.
- filed_at: 2022-03-09T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1649739/000164973922000091/0001649739-22-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649739/000164973922000091/bafn-20220304.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001649739-22-000091
- JSON: https://secwatch.observer/filing/0001649739-22-000091.json
- Plain text: https://secwatch.observer/filing/0001649739-22-000091.txt

## Key facts
- Executive change
  Trifon Houvardas resigned as Director at BayFirst Financial Corp..
  - Action: resigned
  - Role: Director
  source text: On March 4, 2022, Trifon Houvardas resigned from the Boards of Directors of BayFirst Financial Corp. (the “Company”) and First Home Bank (the “Bank”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1649739/000164973922000091/0001649739-22-000091-index.htm

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