$50M Beacon Financial (BBT) buyback gets Federal Reserve non-objection

Q: When does Beacon Financial Corporation’s $50 million buyback program run?

The stock repurchase program runs from May 5, 2026 through May 4, 2027 . During this period, Beacon Financial Corporation may repurchase shares periodically, rather than on a fixed schedule, depending on market conditions and other corporate considerations.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Beacon Financial Corporation announced that it received a notice of non-objection from the Board of Governors of the Federal Reserve for its previously adopted stock repurchase program. This regulatory clearance allows the company to move forward with buying back its own shares.

Under the program, Beacon Financial may repurchase up to $50 million of its outstanding common stock. Repurchases can occur from time to time between May 5, 2026 and May 4, 2027 through open market or negotiated transactions at prevailing market prices, in accordance with federal securities laws.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Stock repurchase authorization: $50 million Program start date: May 5, 2026 Program end date: May 4, 2027

3 metrics

Stock repurchase authorization $50 million Maximum total for common stock buybacks under the program

Program start date May 5, 2026 Date from which Beacon may begin repurchasing shares

Program end date May 4, 2027 Final date for potential repurchases under the program

Key Terms

stock repurchase program, notice of non-objection, Board of Governors of the Federal Reserve, open market or negotiated transactions

4 terms

stock repurchase program financial

"The Board of Directors adopted the stock repurchase program, subject to receipt of regulatory non-objection"

A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.

notice of non-objection regulatory

"announced that it has received notice of non-objection from the Board of Governors of the Federal Reserve"

Board of Governors of the Federal Reserve regulatory

"received notice of non-objection from the Board of Governors of the Federal Reserve"

open market or negotiated transactions financial

"The stock may be repurchased from time to time in open market or negotiated transactions at prevailing market prices"

Understanding 8-K Material Events →

05/07/2026 - 04:06 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): May 5, 2026

BEACON FINANCIAL CORPORATION

(Exact name of the registrant as specified in its charter)

Delaware

001-15781

04-3510455

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

(IRS Employer

Identification No.)

131 Clarendon Street
Boston, Massachusetts	02116
(Address of principal executive offices)	(Zip Code)

(617) 425-4600

(Registrant’s telephone number)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.01 Par Value		BBT		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 8.01

Other Events.

Beacon Financial Corporation (the "Company") announced that it has received notice of non-objection from the Board of Governors of the Federal Reserve for the Company’s previously announced stock repurchase program. The Board of Directors adopted the stock repurchase program, subject to receipt of regulatory non-objection, on April 29, 2026. Under the stock repurchase program, the Company may repurchase up to $50 million in total of outstanding shares of the Company’s common stock, commencing on May 5, 2026 and ending on May 4, 2027. The stock may be repurchased from time to time in open market or negotiated transactions at prevailing market prices in accordance with federal securities laws.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 7, 2026	BEACON FINANCIAL CORPORATION

	By:	/S/ Carl M. Carlson
		Carl M. Carlson
		Chief Financial & Strategy Officer

Source: View Original Filing on SEC EDGAR

FAQ

What did Beacon Financial Corporation (BBT) announce in this 8-K?

Beacon Financial Corporation announced it received a Federal Reserve notice of non-objection for its stock repurchase program, allowing it to proceed with buying back shares, up to a defined dollar limit and within a specified one-year period.

How large is Beacon Financial Corporation’s approved stock repurchase program?

The approved stock repurchase program authorizes Beacon Financial Corporation to buy back up to $50 million of its outstanding common stock. This amount represents the total potential repurchases during the program’s one-year term, subject to market conditions and company discretion.

When does Beacon Financial Corporation’s $50 million buyback program run?

The stock repurchase program runs from May 5, 2026 through May 4, 2027. During this period, Beacon Financial Corporation may repurchase shares periodically, rather than on a fixed schedule, depending on market conditions and other corporate considerations.

How can Beacon Financial Corporation (BBT) repurchase its common stock under this program?

Beacon Financial Corporation may repurchase its common stock in open market or negotiated transactions at prevailing market prices. All repurchases must comply with applicable federal securities laws, providing flexibility in execution while maintaining required regulatory safeguards and disclosure standards.

What regulatory approval did Beacon Financial receive for its stock repurchase plan?

Beacon Financial received a notice of non-objection from the Board of Governors of the Federal Reserve for its stock repurchase program. This means the Federal Reserve did not object to the plan, enabling the company to proceed within the stated terms and limits.

Filing Exhibits & Attachments

3 documents