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AI brief of an SEC Form 8-K · Beacon Financial (BBT)

Beacon Financial names Sean A. Gray President and CEO under new employment agreement

Neutral Impact 4 of 5 leadership

Beacon Financial Corporation entered into an employment agreement with Sean A. Gray, effective September 21, 2026, tied to his previously announced appointment as President and Chief Executive Officer of the Company and Beacon Bank & Trust. The filing sets his $1,000,000 base salary, a bonus target of 75% of base salary, and severance terms that increase if a termination follows a change in control.

Key points

  • Base salary of $1,000,000; annual bonus target of 75% of base salary
  • Annual equity awards with grant date fair value of 105% of base salary, plus a one-time restricted stock award of $275,000 vesting in three equal tranches
  • Severance on termination without cause or for good reason: two times base salary plus target bonus, rising to three times if within 24 months after a change in control

The filing

CompanyBeacon Financial (BBT)
Form8-K, current report
Filed with the SECNov 3, 2026, 8:45 AM ET
Accession number0001171843-26-007057

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

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.