other material
confidence high
sentiment neutral
materiality 0.30
Burke & Herbert amends CEO & CFO employment agreements with new salary, incentive, severance terms
Burke & Herbert Financial Services Corp.
- CEO David Boyle base salary $875,000; CFO Roy Halyama $450,000, effective Oct 28, 2025.
- Target annual incentive: 70% of base for Boyle, 60% for Halyama, beginning 2026.
- Severance on non-CIC termination: 2x base + target incentive; on CIC: Boyle 3x, Halyama 2.99x.
- Agreements have three-year terms with auto-renewal; include non-compete, non-solicit, non-disparagement clauses.