---
schema_version: "secwatch.filing_event.v1"
accession: "0001649739-24-000259"
form_type: "8-K"
ticker: "BAFN"
cik: "0001649739"
company_name: "BayFirst Financial Corp."
filed_at: "2024-09-30T23:59:59+00:00"
generated_at: "2026-05-31T00:45:20.563854+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Director Tarek Helal resigns from BayFirst Financial boards to avoid conflict with new Raymond James role

## Summary
- Tarek Helal resigned from boards of BayFirst Financial Corp. and BayFirst National Bank on Sept 30, 2024.
- Resignation is not due to any disagreement; Helal will take a new position at Raymond James Financial.
- Mr. Helal stepped down to avoid potential appearance of conflict of interest from his new role.
- No successor named; board size reduced accordingly.

## SEC filing metadata
- accession: 0001649739-24-000259
- form_type: 8-K
- ticker: BAFN
- cik: 0001649739
- company_name: BayFirst Financial Corp.
- filed_at: 2024-09-30T23:59:59+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/1649739/000164973924000259/0001649739-24-000259-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649739/000164973924000259/bafn-20240930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001649739-24-000259
- JSON: https://secwatch.observer/filing/0001649739-24-000259.json
- Plain text: https://secwatch.observer/filing/0001649739-24-000259.txt

## Source-grounded claims
- claim_id: 28ab5e391b
  claim: Tarek Helal resigned as Director at BayFirst Financial Corp..
  evidence_excerpt: On September 30, 2024, Tarek Helal resigned from the Boards of Directors of BayFirst Financial Corp. and BayFirst National Bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1649739/000164973924000259/0001649739-24-000259-index.htm

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