secwatch.observer — SEC 8-K summary
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Issuer:     Burke & Herbert Financial Services Corp. (BHRB)
CIK:        0001964333
Form:       8-K
Filed at:   2025-12-23T23:59:59+00:00
Accession:  0001964333-25-000262
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Burke & Herbert amends SERP, terminates rabbi trust for Summit merger
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- Amendment waives requirement to maintain rabbi trust for SERP benefits tied to May 2024 Summit merger.
- Full vesting of Normal Retirement Benefit for participants (including H. Charles Maddy III) remains intact.
- Trust assets to be returned to Bank; new rabbi trust required upon future change in control of Bank.
- SERP continues as unfunded nonqualified plan under Section 409A; all other provisions unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1964333/000196433325000262/0001964333-25-000262-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1964333/000196433325000262/bhrb-20251219.htm
  HTML page:      https://secwatch.observer/filing/0001964333-25-000262

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