Business Context and Reporting Period
This Form 8-K Current Report was filed by Blue Ridge Bankshares, Inc. on April 15, 2026. The filing primarily addresses Item 5.02 regarding the appointment of certain officers and adjustments to their compensatory arrangements.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on executive compensation adjustments rather than financial performance data.
Material Changes
The material change reported is the adjustment to the compensation package for Harry Golliday, who serves as Interim Chief Executive Officer and Interim President of the Company and Interim CEO of its subsidiary, Blue Ridge Bank, National Association. Effective April 15, 2026:
- Base Salary: Increased to $525,000 annually.
- Short-Term Incentive: Increased to up to 50% of his base salary.
- Employment Agreement: The existing agreement dated May 3, 2024, remains in place and is not being amended.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future outlook, specific risk factors, or contingencies beyond the standard disclosure of the compensation change. No unusual items were reported.
Investor Verification Checklist
- Verify the exact effective date of the salary and incentive increase (April 15, 2026).
- Confirm that the underlying employment agreement dated May 3, 2024, remains unchanged despite the compensation adjustment.
- Review the total potential annual compensation impact ($525,000 base + up to $262,500 incentive).
- Check subsequent filings for any further changes to the interim leadership structure.