Business Context and Reporting Period
Company: BV Financial, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: March 9, 2005
Reporting Period: Events occurring on March 9, 2005, with agreements effective as of January 12, 2005.
Key Financial Metrics
This filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on corporate governance and executive compensation agreements.
Material Changes
The Company and its wholly owned subsidiary, Bay-Vanguard Federal Savings Bank, executed the following material definitive agreements on March 9, 2005 (effective January 12, 2005):
- Edmund T. Leonard (Chairman and CFO): Three-year employment agreement.
- Carolyn M. Mroz (President and CEO): Three-year employment agreement.
- Daniel J. Gallagher, Jr. (Senior Vice President): Two-year employment agreement.
- Michele Kelly (Vice President): Three-year change in control agreement.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on financial outlook, or discussion of specific risks or contingencies. The terms of the executed agreements were previously disclosed in the Company's Registration Statement on Form SB-2 (File No. 333-119083).
Investor Verification Checklist
- Review the previously filed Form SB-2 (File No. 333-119083) for specific compensation terms and severance details.
- Confirm the effective date of January 12, 2005, for all listed executive agreements.
- Verify the roles and titles of the executives named in the agreements.