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[8-K] BLUE RIDGE BANKSHARES, INC. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Blue Ridge Bankshares, Inc. disclosed changes to the compensation of Harry Golliday, its Interim Chief Executive Officer and Interim President, and Interim CEO of Blue Ridge Bank, National Association. Effective with his new role, Mr. Golliday’s annual base salary will increase to $525,000, and his annual short-term incentive opportunity will rise to up to 50% of his base salary. The company states that his existing employment agreement with the bank, dated May 3, 2024, remains in effect and is not being amended in connection with these adjustments. This filing focuses solely on leadership compensation terms rather than broader financial performance.

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.
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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): April 15, 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.

 


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

 

Blue Ridge Bankshares, Inc. (the “Company”) previously announced the appointment of Harry Golliday as Interim Chief Executive Officer and Interim President of the Company and Interim Chief Executive Officer of the Company’s wholly owned bank subsidiary, Blue Ridge Bank, National Association (the “Bank”). On April 15, 2026, the Company approved certain changes to Mr. Golliday’s compensation in consideration of his new role in such positions. Mr. Golliday’s annual base salary will increase to $525,000 and his annual short-term incentive opportunity will increase to up to 50% of his base salary. The employment agreement between the Bank and Mr. Golliday, dated May 3, 2024, is not being amended in connection with such compensation adjustments and remains in place.

 

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:

April 20, 2026

By:

/s/ Judy C. Gavant

 

 

 

Judy C. Gavant
Executive Vice President and
Chief Financial Officer

 


Filing Exhibits & Attachments

1 document