BVFL BV Financial, Inc. - 8-K

Item 8.01 Other Events.

Election of Timothy L Prindle as Chairman

On June 1, 2026, BV Financial, Inc. (the “Company”) announced that its Board of Directors (the “Board”) elected Timothy L. Prindle as Chairman of the Board (“Chairman”) of the Company. This role will be in addition to his current roles as President and Chief Executive Officer (“CEO”) of the Company.

Mr. Prindle was elected Chairman because of his extensive knowledge of the Company and its markets, his leadership qualities, and his understanding and ability to oversee the implementation of the Company’s strategy. The Chairman is also responsible for developing the agendas of Board meetings in consultation with the Lead Independent Director (described below) and represents the Board in the community.

The Board reviews its leadership structure annually. The Board determines whether the Chairman and CEO roles will be held by the same person based on its assessment of what is in the best interests of the Company and its stockholders at a given point in time and the leadership qualities, experience and expertise of the individual and of the other members of the Board. The Board ultimately determined that a combined role was the best way at this time to align the Company’s operations and business with its strategic plan. Mr. Prindle’s leadership, strategic vision and service to the Company through a period of strong performance contributed to the decision by the Board that a combined Chairman and CEO role, with Mr. Prindle serving in such role, is in the best interests of the Company and its stockholders.

Election of William B. Crompton, III as Lead Independent Director

The Board also recognizes the need for strong independent perspectives. Therefore, when the Chairman and CEO roles are combined, the Board expects that a Lead Independent Director will be appointed by the independent directors. Accordingly, the independent directors elected William B. Crompton, III as Lead Independent Director of the Company concurrent with Mr. Prindle’s election as Chairman. The Lead Independent Director is an independent director designated by the Board to lead the Board in fulfilling its duties effectively, efficiently, and independently of management. The Lead Independent Director collaborates with the Chairman and the independent directors, meets with the independent directors without management present, and provides input on and reviews the meeting agendas.