secwatch.observer — SEC 8-K summary
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Issuer:     BayFirst Financial Corp. (BAFN)
CIK:        0001649739
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001649739-23-000067
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BayFirst Financial CEO Anthony Leo to retire at end of 2023; Thomas Zernick named successor
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- Anthony N. Leo to retire as CEO effective Dec 31, 2023; will remain Director and serve as Special Counsel.
- Thomas G. Zernick, current President, appointed CEO effective Jan 1, 2024, and joins Board immediately.
- Zernick joined BayFirst in 2016, led CreditBench SBA lending division; served as President since Feb 2022.
- Chairman notes BayFirst grew from $69M to nearly $1B in assets under Leo's leadership.
- Succession follows board-led planning with independent management consultant.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649739/000164973923000067/0001649739-23-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649739/000164973923000067/bafn-20230206.htm
  HTML page:      https://secwatch.observer/filing/0001649739-23-000067

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