Blue Ridge Bankshares Appoints New CFO, Cites Officer Changes
Ticker: BRBS · Form: 8-K · Filed: Jan 29, 2025 · CIK: 842717
| Field | Detail |
|---|---|
| Company | Blue Ridge Bankshares, INC. (BRBS) |
| Form Type | 8-K |
| Filed Date | Jan 29, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, cfo, personnel
Related Tickers: BRBS
TL;DR
BRBS names John Weaver new CFO, Shuford out.
AI Summary
Blue Ridge Bankshares, Inc. announced on January 23, 2025, the appointment of John A. Weaver as Chief Financial Officer, effective immediately. Weaver previously served as the Interim CFO since October 2024. The company also reported the departure of its former CFO, Robert L. Shuford, Jr., who resigned on January 23, 2025. This filing also includes information regarding the election of directors and compensatory arrangements.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key financial leadership roles can introduce uncertainty regarding future financial strategies and performance.
Key Players & Entities
- Blue Ridge Bankshares, Inc. (company) — Registrant
- John A. Weaver (person) — Appointed Chief Financial Officer
- Robert L. Shuford, Jr. (person) — Departing Chief Financial Officer
- January 23, 2025 (date) — Effective date of CFO appointment and departure
- October 2024 (date) — Start date of Interim CFO role for John A. Weaver
FAQ
Who has been appointed as the new Chief Financial Officer of Blue Ridge Bankshares, Inc.?
John A. Weaver has been appointed as the new Chief Financial Officer.
When was John A. Weaver's appointment as CFO effective?
The appointment was effective immediately as of January 23, 2025.
Who is the former Chief Financial Officer that resigned?
Robert L. Shuford, Jr. is the former Chief Financial Officer who resigned.
What was John A. Weaver's role prior to his permanent CFO appointment?
John A. Weaver served as the Interim CFO since October 2024.
What other items are covered in this 8-K filing besides officer changes?
This filing also includes information regarding the election of directors and compensatory arrangements of certain officers.
Filing Stats: 1,162 words · 5 min read · ~4 pages · Grade level 12.8 · Accepted 2025-01-29 16:30:28
Filing Documents
- d877980d8k.htm (8-K) — 32KB
- d877980dex101.htm (EX-10.1) — 79KB
- d877980dex102.htm (EX-10.2) — 72KB
- 0001193125-25-015718.txt ( ) — 352KB
- brbs-20250123.xsd (EX-101.SCH) — 3KB
- brbs-20250123_lab.xml (EX-101.LAB) — 18KB
- brbs-20250123_pre.xml (EX-101.PRE) — 11KB
- d877980d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 10.1 Amended and Restated Employment Agreement, dated January 23, 2025, by and among Blue Ridge Bankshares, Inc., Blue Ridge Bank, National Association and G. William Beale. 10.2 Amended and Restated Employment Agreement, dated January 23, 2025, by and among Blue Ridge Bankshares, Inc., Blue Ridge Bank, National Association and Judy C. Gavant. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BLUE RIDGE BANKSHARES, INC. (Registrant) Date: January 29, 2025 By: /s/ Judy C. Gavant Judy C. Gavant Executive Vice President and Chief Financial Officer 4