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

Issuer:     BayFirst Financial Corp. (BAFN)
CIK:        0001649739
Form:       8-K
Filed at:   2026-09-29T16:17:50+00:00
Accession:  0001649739-26-000114
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

BayFirst signs revised employment pacts with COO Oliver ($350K) and CFO McKim ($325K), through 2029
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649739/000164973926000114/0001649739-26-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649739/000164973926000114/bafn-20260924.htm
  HTML page:      https://secwatch.observer/filing/0001649739-26-000114

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