secwatch.observer — SEC 8-K summary
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Issuer:     Burke & Herbert Financial Services Corp. (BHRB)
CIK:        0001964333
Form:       8-K
Filed at:   2026-07-07T12:31:10+00:00
Accession:  0001964333-26-000080
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

President H. Charles Maddy III retires; separation agreement provides $558K severance, accelerated PRSUs
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- Retirement effective June 30, 2026; separation agreement signed July 6, 2026.
- Cash severance of $558,334.40 (10 months base salary) plus vehicle transfer valued at $58,400.
- Accelerated vesting of 6,673.32 performance-based restricted stock units under Merger Incentive Plan.
- COBRA coverage for 10 months and retirement gift of approximately $35,375.
- Maddy also receives existing benefits from prior employment agreements assumed by the Company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1964333/000196433326000080/0001964333-26-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1964333/000196433326000080/bhrb-20260706.htm
  HTML page:      https://secwatch.observer/filing/0001964333-26-000080

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