{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-296655","form_type":"8-K","ticker":"LOCL","cik":"0001840780","company_name":"Local Bounti Corporation/DE","filed_at":"2023-12-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.951717+00:00","generated_at":"2026-06-07T12:05:23.106027+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Local Bounti appoints co-founder Craig Hurlbert as CEO; FY2023 sales guided to ~$28M","bullets":["Co-founder Craig Hurlbert appointed CEO effective Dec 14, 2023; annual salary $35,568.","Anna Fabrega's employment terminated; offered separation with severance and release (45 days to accept).","Company expects ~$3.2M annualized cost savings from restructuring and organizational optimization.","Georgia facility doubled run-rate production in December; FY2023 sales expected ~$28M (+44% YoY).","Washington facility seeding expected early Jan; Texas facility delayed to late Jan due to equipment delays."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-296655","json":"https://secwatch.observer/filing/0001193125-23-296655.json","markdown":"https://secwatch.observer/filing/0001193125-23-296655.md","text":"https://secwatch.observer/filing/0001193125-23-296655.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840780/000119312523296655/0001193125-23-296655-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840780/000119312523296655/d42826d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T12:05:23.106027+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2f6bed5cc3","claim":"Craig Hurlbert was appointed as Chief Executive Officer at Local Bounti Corporation/DE.","evidence_excerpt":"On December 14, 2023, the Board of Directors (the “Board”) of Local Bounti Corporation (the “Company”) appointed Craig Hurlbert as the Chief Executive Officer and principal executive officer of the Company, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1840780/000119312523296655/0001193125-23-296655-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"932ec0a620","claim":"Anna Fabrega departed as Chief Executive Officer at Local Bounti Corporation/DE.","evidence_excerpt":"On December 14, 2023, the Company determined that Anna Fabrega’s last day of employment as the Chief Executive Officer of the Company was December 14, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1840780/000119312523296655/0001193125-23-296655-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"determined that her last day of employment was"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}