Local Bounti appoints Anna Fabrega CEO effective June 5, 2023; co-founders shift to Strategy and CTO roles

Local Bounti Corporation/DE

Anna Fabrega, former Freshly CEO and Amazon Go managing director, named CEO of Local Bounti.
Co-CEOs Craig Hurlbert becomes Senior VP of Strategy; Travis Joyner becomes CTO and Chairman of the Board.
Fabrega receives $500K base salary, RSUs for 2,750,000 shares vesting over four years, and a $350K bonus.
Hurlbert's base salary set at $125K; Joyner's base salary at $375K under amended employment agreements.
Fabrega brings 20+ years of consumer goods, food production, and scaling experience; company targets $75B TAM by 2025.

item 5.02 item 7.01 item 9.01

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Appointed

Anna Fabrega

Chief Executive Officer

LOCL · Local Bounti Corporation/DE

Effective: 2023-06-05
Filed: May 26, 2023, 7:59 PM ET

On May 22, 2023, the Board of Directors (the “Board”) of Local Bounti Corporation (“Local Bounti,” the “Company,” “we,” “us,” or “our”) appointed Anna Fabrega as the Chief Executive Officer and principal executive officer of the Company, effective as of June 5, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Anna Fabrega was appointed as Chief Executive Officer at Local Bounti Corporation/DE.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On May 22, 2023, the Board of Directors (the “Board”) of Local Bounti Corporation (“Local Bounti,” the “Company,” “we,” “us,” or “our”) appointed Anna Fabrega as the Chief Executive Officer and principal executive officer of the Company, effective as of June 5, 2023.

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Local Bounti Corporation/DE filing history →

Source: SEC EDGAR

accession 0001193125-23-155453

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