Beacon Financial Corp — Form 8-K
Filed November 3, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Sean A. Gray's employment agreement as President and CEO was renewed effective September 21, 2026, for a 3-year initial term with automatic annual renewals. Compensation: $1.0M annual base salary; 75% target bonus ($750K annually); 105% of base salary in annual equity grants (~$1.05M); and a one-time $275K promotion equity award vesting over 3 years. Severance if terminated without cause outside change-of-control: 2x(base + bonus) plus 24 months health/life insurance. Severance if terminated without cause during change-of-control: 3x(base + bonus) plus equity acceleration and benefits.
Why this rating
CEO employment renewal is routine. Total comp ~$2.75M annually is ~0.25% of $1.1B market cap—reasonable for public bank CEO. Severance multiples standard for financial institutions. No change in role, performance metrics, or business direction disclosed.
See more from November 3, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.