Short answer
Beacon Financial Corp (BBT) filed an 8-K current report with the SEC on September 21, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). CEO Paul A. Perrault retires September 21, 2026, also leaving Company and Bank boards.
Beacon Financial Corp 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO Paul A. Perrault retires September 21, 2026, also leaving Company and Bank boards
- Twelve-month transition consulting agreement pays Perrault $120,000 monthly plus 2026 performance bonus and benefits
- COO Sean A. Gray, age 50, succeeds Perrault as CEO and joins both boards effective September 21
- Gray brings continuity, having served as Company COO since 2025 and Berkshire Bank President and COO from 2018 to 2025
- Gray will not serve on board committees; no disclosed related-party transactions or selection arrangements
Item 7.01 · Regulation FD Disclosure
- Procedural Regulation FD language only; no substantive investor disclosure in the provided excerpt
- Information furnished under Item 7.01 generally not treated as filed under Exchange Act Section 18
Item EX-99.1 · Exhibit EX-99.1
- Sean A. Gray appointed CEO of Beacon Financial and Beacon Bank effective September 21, 2026
- Paul A. Perrault retired after more than five decades, remaining as consultant for one year
- Internal succession preserves continuity, with Gray previously overseeing enterprise operations and merger systems integration
- Management priorities: merger efficiencies, expense optimization, organic growth, dividend maintenance and broader capital returns
- $22.3B asset regional bank with more than 145 branches entering next phase under new leadership
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