secwatch.observer — SEC 8-K summary
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Issuer:     Burke & Herbert Financial Services Corp. (BHRB)
CIK:        0001964333
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001964333-24-000365
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BHRB Chief Credit Officer to retire Dec 31; anticipates separation agreement
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- Jeffrey A. Welch, Chief Credit Officer of Burke & Herbert Bank, to retire effective Dec 31, 2024.
- Retirement is part of the Bank's overall succession plan; he will continue in role until year-end.
- He will continue in Management Incentive Plan and Supplemental Executive Retirement Plan until retirement.
- Anticipated separation agreement includes one year salary continuation plus benefits and vesting of time-based RSUs.
- Agreement will include customary confidentiality, non-disparagement, and non-solicitation provisions for one year post-retirement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1964333/000196433324000365/0001964333-24-000365-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1964333/000196433324000365/bhrb-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001964333-24-000365

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