Short answer
BLUE RIDGE BANKSHARES, INC. (BRBS) filed an 8-K current report with the SEC on March 12, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 7.01 (Regulation FD Disclosure). CEO Billy Beale out effective March 6, 2026; receives $180,478 lump sum + $84,004/month for 12 months + 2025 bonus + vesting of 18,542 restricted shares.
BLUE RIDGE BANKSHARES, INC. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO Billy Beale out effective March 6, 2026; receives $180,478 lump sum + $84,004/month for 12 months + 2025 bonus + vesting of 18,542 restricted shares
- Harry Golliday (62), current Chief Credit Officer, named Interim CEO: no permanent successor identified yet, adding leadership uncertainty
- Golliday's base salary $325,000/year with bonus and LTI each up to 30% of base; employment agreement auto-renews through May 2027
- Change-in-control severance for Golliday equals 2x (base salary + highest bonus): signals board awareness of potential M&A or strategic transaction risk
- Leadership transition at a bank already under regulatory scrutiny is a material risk flag; "interim" title suggests board actively searching for permanent CEO
Item 7.01 · Regulation FD Disclosure
- CEO transition press release issued March 12, 2026: signals leadership change at Blue Ridge Bankshares (BRBS)
- Full details in Exhibit 99.1; CEO succession is material for investors monitoring management stability at a community bank
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other BLUE RIDGE BANKSHARES, INC. 8-K filings
Get the next BRBS 8-K as it lands
Follow BRBS for push alerts, or ask the research agent what this filing means.