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Blue Ridge Bankshares (BRBS) to eliminate Chief Operations and Technology Officer role

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K/A

Rhea-AI Filing Summary

Blue Ridge Bankshares, Inc. filed an amended current report to update a leadership change. Effective June 30, 2026, the position of Chief Operations and Technology Officer, held by M. Dean Brown at the company and its banking subsidiary, will be eliminated as part of cost reduction efforts, and his employment will be terminated without cause on that date. He will also step down from all officer and fiduciary roles with both entities.

Positive

  • None.

Negative

  • None.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Chief Operations and Technology Officer financial
"the position of Chief Operations and Technology Officer of Blue Ridge Bankshares, Inc."
terminated without cause financial
"his employment will be terminated without cause effective June 30, 2026"
cost reduction efforts financial
"will be eliminated as part of the Company’s cost reduction efforts"
Emerging growth company regulatory
"Emerging growth company Explanatory Note This Amendment No. 1"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What leadership change did Blue Ridge Bankshares (BRBS) disclose in this 8-K/A amendment?
Blue Ridge Bankshares reported that its Chief Operations and Technology Officer role, held by M. Dean Brown, will be eliminated effective June 30, 2026. His employment will be terminated without cause and he will leave all officer and fiduciary positions at the company and its bank subsidiary.

Why is Blue Ridge Bankshares (BRBS) eliminating the Chief Operations and Technology Officer position?
The company stated that the Chief Operations and Technology Officer position is being eliminated as part of its cost reduction efforts. This change affects both Blue Ridge Bankshares, Inc. and its wholly owned banking subsidiary, Blue Ridge Bank, National Association, effective June 30, 2026.

When will M. Dean Brown’s employment with Blue Ridge Bankshares (BRBS) end?
M. Dean Brown’s employment will end effective June 30, 2026, when the Chief Operations and Technology Officer position is eliminated. On that date he will also cease serving in any officer and fiduciary capacities at Blue Ridge Bankshares and its bank subsidiary.

How was M. Dean Brown’s termination characterized by Blue Ridge Bankshares (BRBS)?
His employment termination was described as “without cause” and tied to eliminating his position as part of cost reduction efforts. The filing clarifies that he will no longer hold any officer or fiduciary roles with the company or Blue Ridge Bank, National Association.

Which subsidiary of Blue Ridge Bankshares (BRBS) is affected by this leadership change?
The change affects Blue Ridge Bank, National Association, the wholly owned banking subsidiary of Blue Ridge Bankshares, Inc. The Chief Operations and Technology Officer position at the bank will be eliminated alongside the parent company role, effective June 30, 2026.
true000084271700008427172026-05-282026-05-28

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K/A

 

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 28, 2026

 

 

BLUE RIDGE BANKSHARES, INC.

(Exact name of Registrant as Specified in Its Charter)

 

 

Virginia

001-39165

54-1838100

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

1801 Bayberry Court

Suite 101

 

Richmond, Virginia

 

23226

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (888) 331-6521

 

 

(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:

☐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-4(c))

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, no par value

 

BRBS

 

NYSE American LLC

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

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. ☐

 

Explanatory Note

 

This Amendment No. 1 on Form 8-K/A (this “Form 8-K/A”) is an amendment to the Current Report on Form 8-K of Blue Ridge Bankshares. Inc. (the “Company”) filed with the Securities and Exchange Commission on May 28, 2026 (the “Original Form 8-K”). This Form 8-K/A is being filed to amend Item 5.02 of the Original Form 8-K.

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Chief Operations and Technology Officer Separation

 

The Company is filing this Form 8-K/A to report an update that, effective June 30, 2026, the position of Chief Operations and Technology Officer of Blue Ridge Bankshares, Inc. and its wholly owned subsidiary Blue Ridge Bank, National Association (the “Bank”) held by M. Dean Brown will be eliminated as part of the Company’s cost reduction efforts, and his employment will be terminated without cause effective June 30, 2026. Mr. Brown will no longer hold any officer and fiduciary positions with the Company and the Bank effective June 30, 2026.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

 

Exhibit No.

Description

 

 

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

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.

 

 

 

BLUE RIDGE BANKSHARES, INC.

 

 

 

 

Date:

June 18, 2026

By:

/s/ Judy C. Gavant

 

 

 

Judy C. Gavant
Executive Vice President and
Chief Financial Officer

 

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

1 document

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