{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-169060","form_type":"8-K","ticker":"LOCL","cik":"0001840780","company_name":"Local Bounti Corporation/DE","filed_at":"2024-06-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.668990+00:00","generated_at":"2026-06-01T01:52:42.678848+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Local Bounti CFO Kathleen Valiasek promoted to President and CFO; CEO salary reduced to $43,888","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-169060","json":"https://secwatch.observer/filing/0001193125-24-169060.json","markdown":"https://secwatch.observer/filing/0001193125-24-169060.md","text":"https://secwatch.observer/filing/0001193125-24-169060.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840780/000119312524169060/0001193125-24-169060-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840780/000119312524169060/d69733d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T01:52:42.678848+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":"f055364da9","claim":"Craig M. Hurlbert changed role as President at Local Bounti Corporation/DE.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1840780/000119312524169060/0001193125-24-169060-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"no longer serves as"},{"label":"Role","value":"President"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}