home · filing · 0001193125-24-169060
8-K filed June 26, 2024, 7:59 PM ET
ticker LOCL
CIK 0001840780
leadership
confidence high
sentiment positive
materiality 0.65
Local Bounti CFO Kathleen Valiasek promoted to President and CFO; CEO salary reduced to $43,888
Local Bounti Corporation/DE
Kathleen Valiasek appointed President effective June 24, 2024; retains CFO role; reports to CEO Craig Hurlbert.
CEO Craig Hurlbert no longer President but remains CEO and Chairman; base salary reduced from $300K to $43,888.
Valiasek's base salary increased to $500,000; granted 100,000 RSUs vesting over three years.
Company reiterates near-term goal of achieving positive adjusted EBITDA in early 2025.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Effective 2024-06-24
Successor Kathleen Valiasek
Filed June 26, 2024, 7:59 PM ET
Craig M. Hurlbert no longer serves as the President of the Company but retains his position as the Chief Executive Officer and Chairman of the Board.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Craig M. Hurlbert changed role as President at Local Bounti Corporation/DE.
Action no longer serves as
Role President
Exact text from the filing
Craig M. Hurlbert no longer serves as the President of the Company but retains his position as the Chief Executive Officer and Chairman of the Board.
View on SEC.gov
Source: SEC EDGAR
accession 0001193125-24-169060
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