---
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"
generated_at: "2026-06-07T12:05:23.106027+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Local Bounti appoints co-founder Craig Hurlbert as CEO; FY2023 sales guided to ~$28M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-296655
- JSON: https://secwatch.observer/filing/0001193125-23-296655.json
- Plain text: https://secwatch.observer/filing/0001193125-23-296655.txt

## Key facts
- Executive change
  Craig Hurlbert was appointed as Chief Executive Officer at Local Bounti Corporation/DE.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1840780/000119312523296655/0001193125-23-296655-index.htm
- Executive change
  Anna Fabrega departed as Chief Executive Officer at Local Bounti Corporation/DE.
  - Action: determined that her last day of employment was
  - Role: Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1840780/000119312523296655/0001193125-23-296655-index.htm

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