secwatch.observer — SEC 8-K summary
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Issuer:     Burke & Herbert Financial Services Corp. (BHRB)
CIK:        0001964333
Form:       8-K
Filed at:   2025-10-29T23:59:59+00:00
Accession:  0001964333-25-000240
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1964333/000196433325000240/0001964333-25-000240-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1964333/000196433325000240/bhrb-20251028.htm
  HTML page:      https://secwatch.observer/filing/0001964333-25-000240

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