{"schema_version":"secwatch.filing_event.v1","accession":"0001964333-23-000170","form_type":"8-K","ticker":"BHRB","cik":"0001964333","company_name":"Burke & Herbert Financial Services Corp.","filed_at":"2023-08-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.134287+00:00","generated_at":"2026-06-11T03:43:27.693908+00:00","sec_items":["1.01","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"BHRB to acquire SMMF in all-stock merger; exchange ratio 0.5043","bullets":["Each SMMF share converts into 0.5043 BHRB shares; fractional shares paid in cash.","Combined board of 16 directors, 8 from each company; David P. Boyle CEO, Charles Maddy President.","Termination fee of $14.86 million payable by either party under certain circumstances.","Transaction requires shareholder and regulatory approvals (Fed, FDIC, state agencies)."],"urls":{"canonical":"https://secwatch.observer/filing/0001964333-23-000170","json":"https://secwatch.observer/filing/0001964333-23-000170.json","markdown":"https://secwatch.observer/filing/0001964333-23-000170.md","text":"https://secwatch.observer/filing/0001964333-23-000170.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1964333/000196433323000170/0001964333-23-000170-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1964333/000196433323000170/bhrb-20230824.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T03:43:27.693908+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d7574004c58c571a1eff36ef9e8212dd1d4cd288","claim":"Burke & Herbert Financial Services Corp. entered into Agreement and Plan of Merger with Summit Financial Group, Inc. (effective 2023-08-24).","evidence_excerpt":"On August 24, 2023, Burke & Herbert Financial Services Corp., a Virginia corporation (“BHRB”), and Summit Financial Group, Inc., a West Virginia corporation (“SMMF”), entered into an Agreement and Plan of Merger (the “Merger Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1964333/000196433323000170/0001964333-23-000170-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Summit Financial Group, Inc."},{"label":"Effective","value":"2023-08-24"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}