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Executive ChangeItem 5.02 · 8-KMEDIUM RiskNeutral

Burke & Herbert Financial Services Corp.

A senior executive or director joined, left, or changed roles. An 8-K is the notice a US public company must file within four business days of a major event.

Filed: Oct 29, 2025CIK: 0001964333Financial Services
View on SEC.gov

AI Executive Summary

AI-powered analysis of 8-K filing content

Burke & Herbert Financial Services Corp. and its bank subsidiary entered into Second Amended and Restated Employment Agreements with CEO David P. Boyle and CFO Roy E. Halyama, memorializing base salaries of $875,000 and $450,000 and setting severance protections that include enhanced terms following a change in control. The filing documents the terms of senior leadership retention and is relevant to governance and executive compensation analysis.

Key Takeaways

The agreements have three-year terms that automatically renew for additional three-year terms unless the Bank Entities give written non-renewal notice at least 90 days before expiration.

Target annual incentives are set at no less than 70% of base salary for Boyle and 60% of base salary for Halyama, with the opportunity to earn these in future years.

3 more takeaways

Related Filings (19)

19 more filings from Burke & Herbert Financial Services Corp. in the last 90 days

Filing Overview

Form Type8-K
Filing DateOct 29, 2025
Item5.02
CategoryExecutive Change
CIK0001964333
Accession #0001964333-25-000240
Risk LevelMEDIUM
SentimentNeutral
Signalinformational
Topics
material agreement

What This Means

A senior executive (CEO, CFO, etc.) has joined, departed, or changed roles. Leadership changes can significantly impact strategy.
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Burke & Herbert Financial Services Corp. filed with the SEC. Fundz turns 8-K material events into an alert with the right executive attached.

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