---
title: "H. Charles Maddy, III to Retire as President of Burke & Herbert; Separation Agreement Provides $558,334.40 Severance"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291933874.md"
description: "Burke & Herbert announced that H. Charles Maddy, III will retire as President effective June 30, 2026. The separation agreement provides $558,334.40 in severance and benefits. Maddy remains eligible for the 2026 Incentive Plan payout on a pro-rata basis under his existing employment and retirement agreements. No replacement has been disclosed."
datetime: "2026-07-07T12:33:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291933874.md)
  - [en](https://longbridge.com/en/news/291933874.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291933874.md)
generator: "portal-rs"
---

# H. Charles Maddy, III to Retire as President of Burke & Herbert; Separation Agreement Provides $558,334.40 Severance

**Burke & Herbert appointed H. Charles Maddy, III is retiring as President, effective June 30, 2026, with a separation agreement providing specified severance and benefits.**

**Individual**

H. Charles Maddy, III

**Role**

President of Burke & Herbert and Burke & Herbert Bank & Trust Company

**Type of Change**

Retired

**Effective Date**

June 30, 2026

**Reason**

Retirement

**Replacement Info**

Not disclosed

**Background Details**

Subject to existing Employment Agreement (Aug 24, 2023), Executive Salary Continuation Agreement and Supplemental Executive Retirement Plan with Summit; eligible for 2026 Incentive Plan payout (pro‑rata).

**Board/Committee Role Changes**

Not disclosed

Original SEC Filing: Burke & Herbert Financial Services Corp. \[ BHRB \] - 8-K - Jul. 07, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [BHRB.US](https://longbridge.com/en/quote/BHRB.US.md)

## Related News & Research

- [Insider Buying: Burke & Herbert Financial Services (NASDAQ:BHRB) Director Buys 1,200 Shares of Stock](https://longbridge.com/en/news/295939737.md)
- [Burke & Herbert teken perjanjian change-in-control untuk CFO Kirtan Parikh, tawarkan pesangon hingga 24 bulan gaji](https://longbridge.com/en/news/295574612.md)
- [Share Buyback: Announcement pursuant to Art. 5(1)(b) and (3) of Regulation (EU) No. 596/2014](https://longbridge.com/en/news/296190513.md)
- [Odfjell SE Delivers Strong 2Q26 Results Amid Geopolitical Volatility](https://longbridge.com/en/news/296528042.md)
- [Fresenius SE & Co. (OTCMKTS:FSNUY) Short Interest Update](https://longbridge.com/en/news/296075339.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**