leadership
confidence high
sentiment neutral
materiality 0.25
BayFirst signs revised employment pacts with COO Oliver ($350K) and CFO McKim ($325K), through 2029
BayFirst Financial Corp.
- COO Robin L. Oliver's amended agreement sets a minimum base salary of $350,000, a $52,500 cash bonus payable by Jan 31, 2027, and a $50,000 retention bonus by Dec 31, 2026.
- Oliver is to receive 71,429 shares: 17,857 vesting by Jan 31, 2027, then 26,786 by Jan 31, 2028 and 26,786 by Jan 31, 2029; unvested shares vest automatically on a Change in Control.
- CFO Scott J. McKim's amended agreement sets a minimum base salary of $325,000 with the same term, bonus, equity and benefits structure.
- Both agreements run to a 2029 term with automatic one-year renewals, and each provides 200% of base salary plus two-year average bonus on a qualifying change-in-control termination.
- Both executives are subject to two-year post-termination customer and employee non-solicitation; Oliver's annual cash incentive opportunity is up to 45% of base salary.