secwatch.observer — SEC 8-K summary
======================================

Issuer:     BayFirst Financial Corp. (BAFN)
CIK:        0001649739
Form:       8-K
Filed at:   2026-07-16T14:05:45+00:00
Accession:  0001649739-26-000042
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.01, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BayFirst Financial Corp. shareholder approves exchange; Kenneth R. Lehman acquires 42.38% stake
--------------------------------------------------------------------------------

- Shareholders approved issuance of common stock upon conversion of Series D and Series E preferred (2,401,615 for, 910,047 against).
- Amendment to increase authorized common shares from 15M to 100M approved (3,239,088 for, 67,417 against).
- Kenneth R. Lehman exchanged 4,000 Series E preferred shares for 11,428,000 common shares, now holding 42.38% of outstanding.
- Lehman entitled to designate one board member; intends to serve as director on both company and bank boards.
- Special Meeting had 80.9% quorum; no adjournment needed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649739/000164973926000042/0001649739-26-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649739/000164973926000042/bafn-20260714.htm
  HTML page:      https://secwatch.observer/filing/0001649739-26-000042

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