---
schema_version: "secwatch.filing_event.v1"
accession: "0001964333-25-000240"
form_type: "8-K"
ticker: "BHRB"
cik: "0001964333"
company_name: "Burke & Herbert Financial Services Corp."
filed_at: "2025-10-29T23:59:59+00:00"
generated_at: "2026-05-17T01:44:31.896783+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Burke & Herbert amends CEO & CFO employment agreements with new salary, incentive, severance terms

## Summary
- 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.

## SEC filing metadata
- accession: 0001964333-25-000240
- form_type: 8-K
- ticker: BHRB
- cik: 0001964333
- company_name: Burke & Herbert Financial Services Corp.
- filed_at: 2025-10-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1964333/000196433325000240/0001964333-25-000240-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1964333/000196433325000240/bhrb-20251028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001964333-25-000240
- JSON: https://secwatch.observer/filing/0001964333-25-000240.json
- Plain text: https://secwatch.observer/filing/0001964333-25-000240.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.