Beacon Financial Corporation (BBT) Proxy Filing summary

Executive summary

• Annual meeting scheduled for May 21, 2025, to be held virtually for shareholder participation.

• Joint proxy statement/prospectus filed regarding a proposed merger between Berkshire and Brookline Bancorp.

• Supplemental information provided to address ISS's unfavorable recommendation on the 2025 Stock Option and Incentive Plan.

Voting matters and shareholder proposals

• Proposal 3 seeks approval of the 2025 Stock Option and Incentive Plan, with board recommending a "FOR" vote.

• Details on how to revoke or change proxy votes provided for shareholders.

• No new equity awards will be granted under previous plans from December 16, 2024, through the merger closing if the 2025 Plan is approved.

Board of directors and corporate governance

• Board of directors unanimously supports the 2025 Equity Plan Proposal.

• Directors and executive officers may be deemed participants in proxy solicitation for the merger.