BigBear.ai COO Norm Laudermilch steps down; no replacement planned

BigBear.ai Holdings, Inc.

Norm Laudermilch departed as COO effective Feb 21, 2024 under a separation agreement.
He receives $212,500 lump sum (6 months base salary), 77,073 accelerated RSUs, and $5,688 for health premiums.
Company will not hire a replacement for the COO position at this time.
Laudermilch reaffirms restrictive covenants including non-compete, non-solicitation, and confidentiality.
Separation agreement includes a general release of claims and 21-day consideration/7-day revocation period.

item 5.02 item 9.01

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Departed

Norm Laudermilch

Chief Operating Officer

BBAI · BigBear.ai Holdings, Inc.

Effective: 2024-02-21
Filed: February 22, 2024, 6:59 PM ET

On February 22, 2024, BigBear.ai Holdings, Inc. (the “ Company ”) announced that Norm Laudermilch plans to step down from the position of Chief Operating Officer, effective as of February 21, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Norm Laudermilch departed as Chief Operating Officer at BigBear.ai Holdings, Inc..

Action: stepped down
Role: Chief Operating Officer

Exact text from the filing

On February 22, 2024, BigBear.ai Holdings, Inc. (the “ Company ”) announced that Norm Laudermilch plans to step down from the position of Chief Operating Officer, effective as of February 21, 2024.

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BigBear.ai Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-042849

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