---
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"
generated_at: "2026-06-01T01:52:42.678848+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Local Bounti CFO Kathleen Valiasek promoted to President and CFO; CEO salary reduced to $43,888

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-169060
- JSON: https://secwatch.observer/filing/0001193125-24-169060.json
- Plain text: https://secwatch.observer/filing/0001193125-24-169060.txt

## Key facts
- Executive change
  Craig M. Hurlbert changed role as President at Local Bounti Corporation/DE.
  - Action: no longer serves as
  - Role: President
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1840780/000119312524169060/0001193125-24-169060-index.htm

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