---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-155453"
form_type: "8-K"
ticker: "LOCL"
cik: "0001840780"
company_name: "Local Bounti Corporation/DE"
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T13:22:43.149230+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-155453
- form_type: 8-K
- ticker: LOCL
- cik: 0001840780
- company_name: Local Bounti Corporation/DE
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840780/000119312523155453/0001193125-23-155453-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840780/000119312523155453/d513676d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-155453
- JSON: https://secwatch.observer/filing/0001193125-23-155453.json
- Plain text: https://secwatch.observer/filing/0001193125-23-155453.txt

## Key facts
- Executive change
  Anna Fabrega was appointed as Chief Executive Officer at Local Bounti Corporation/DE.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840780/000119312523155453/0001193125-23-155453-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.