BLUE RIDGE BANKSHARES, INC. 8-K

What Happened Blue Ridge Bankshares, Inc. filed an 8-K (dated April 20, 2026) disclosing that on April 15, 2026 the company approved adjustments to the compensation of Harry Golliday, who is serving as Interim Chief Executive Officer and Interim President of the company and Interim CEO of its bank subsidiary. Mr. Golliday’s annual base salary was increased to $525,000 and his annual short-term incentive opportunity was increased to up to 50% of base salary. The existing employment agreement between the Bank and Mr. Golliday dated May 3, 2024 was not amended.

Key Details

• Compensation changes approved on April 15, 2026; 8-K filed April 20, 2026.
• New annual base salary: $525,000.
• Short-term incentive opportunity raised to up to 50% of base salary.
• Existing May 3, 2024 employment agreement remains in effect and was not changed.

Why It Matters This filing notifies investors of a material executive compensation change for the company’s interim top executive, which can modestly increase personnel expense and signals the board’s steps to secure leadership continuity. Because the underlying employment agreement was not amended, the changes appear limited to pay levels rather than contract term changes. Investors tracking management stability or executive pay trends at the bank may view this as relevant to governance and operating cost considerations.