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AI brief of an SEC Form 8-K · Avidbank Holdings, Inc. (AVBH)

Avidbank Appoints Jonathan Dale President; Mark Mordell Remains Chairman and CEO

Neutral Impact 3 of 5 leadership Written later

Avidbank Holdings appointed Jonathan M. Dale as President of the Company and its bank subsidiary, effective August 3, 2026, and he will report to Chairman and CEO Mark D. Mordell, who gives up the President title but keeps his other roles. The filing describes Dale's nearly 30 years in commercial banking, including time at Umpqua Bank through July 2025, and sets out his pay, severance and change-in-control terms.

Key points

  • Effective date: August 3, 2026; Dale reports to Mark D. Mordell, who remains Chairman and CEO
  • Dale's base salary is $625,000 per year, with bonus eligibility of up to 100% of base salary
  • Dale receives a restricted stock award with a grant-date fair value of $500,000, subject to Compensation Committee approval
  • Without-cause severance is 50% of annual base salary; post-change-in-control severance is 2x salary plus target bonus

The filing

CompanyAvidbank Holdings, Inc. (AVBH)
Form8-K, current report
Filed with the SECAug 3, 2026, 8:17 AM ET
Accession number0001437749-26-025315

Items reported: 5.02 Director / Officer Change8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 03, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.