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): May 5, 2026
BEACON FINANCIAL CORPORATION
(Exact name of the registrant as specified in its charter)
| Delaware | 001-15781 | 04-3510455 |
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (IRS Employer Identification No.) |
| 131 Clarendon Street | |
| Boston, Massachusetts | 02116 |
| (Address of principal executive offices) | (Zip Code) |
(617) 425-4600
(Registrant’s telephone number)
(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 (See General Instruction A.2. below):
| ¨ | 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-4c) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading | Name of each exchange on which registered | ||
| Common Stock, $0.01 Par Value | BBT | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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 8.01 | Other Events. |
Beacon Financial Corporation (the "Company") announced that it has received notice of non-objection from the Board of Governors of the Federal Reserve for the Company’s previously announced stock repurchase program. The Board of Directors adopted the stock repurchase program, subject to receipt of regulatory non-objection, on April 29, 2026. Under the stock repurchase program, the Company may repurchase up to $50 million in total of outstanding shares of the Company’s common stock, commencing on May 5, 2026 and ending on May 4, 2027. The stock may be repurchased from time to time in open market or negotiated transactions at prevailing market prices in accordance with federal securities laws.
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.
| Date: May 7, 2026 | BEACON FINANCIAL CORPORATION | |
| By: | /S/ Carl M. Carlson | |
| Carl M. Carlson | ||
| Chief Financial & Strategy Officer | ||