secwatch / observer
8-K filed March 31, 2025, 7:59 PM ET ticker LOCL CIK 0001840780
debt confidence high sentiment positive materiality 0.85

Local Bounti restructures $197M debt, raises $25M PIPE, appoints new CEO

Local Bounti Corporation/DE

item 1.01item 5.02item 1.02item 3.02item 5.03item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Michael Molnar

Director
LOCL · Local Bounti Corporation/DE
Effective
2025-03-31
Filed
March 31, 2025, 7:59 PM ET
the Board appointed Michael Molnar and Charles R. Schwab, Jr. to the Board, effective March 31, 2025.
Role change

Kathleen Valiasek

Chief Executive Officer
LOCL · Local Bounti Corporation/DE
Effective
2025-03-31
Filed
March 31, 2025, 7:59 PM ET
the Board appointed Kathleen Valiasek, who currently serves as the Company’s Chief Financial Officer and President, as Chief Executive Officer of the Company, effective March 31, 2025.
Role change

Craig M. Hurlbert

Executive Chairman
LOCL · Local Bounti Corporation/DE
Effective
2025-03-31
Successor
Kathleen Valiasek
Filed
March 31, 2025, 7:59 PM ET
Craig M. Hurlbert announced his intention to resign as the Company’s Chief Executive Officer, effective March 31, 2025. The Board appointed Mr. Hurlbert as Executive Chairman on March 27, 2025, effective as of March 31, 2025.
Appointed

Charles R. Schwab, Jr.

Director
LOCL · Local Bounti Corporation/DE
Effective
2025-03-31
Filed
March 31, 2025, 7:59 PM ET
the Board appointed Michael Molnar and Charles R. Schwab, Jr. to the Board, effective March 31, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Molnar was appointed as Director at Local Bounti Corporation/DE.

Action
appointed
Role
Director
Exact text from the filing
the Board appointed Michael Molnar and Charles R. Schwab, Jr. to the Board, effective March 31, 2025.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Kathleen Valiasek was appointed as Chief Executive Officer at Local Bounti Corporation/DE.

Action
appointed
Role
Chief Executive Officer
Exact text from the filing
the Board appointed Kathleen Valiasek, who currently serves as the Company’s Chief Financial Officer and President, as Chief Executive Officer of the Company, effective March 31, 2025.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Craig M. Hurlbert was appointed as Executive Chairman at Local Bounti Corporation/DE.

Action
appointed
Role
Executive Chairman
Exact text from the filing
Craig M. Hurlbert announced his intention to resign as the Company’s Chief Executive Officer, effective March 31, 2025. The Board appointed Mr. Hurlbert as Executive Chairman on March 27, 2025, effective as of March 31, 2025.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Charles R. Schwab, Jr. was appointed as Director at Local Bounti Corporation/DE.

Action
appointed
Role
Director
Exact text from the filing
the Board appointed Michael Molnar and Charles R. Schwab, Jr. to the Board, effective March 31, 2025.
View on SEC.gov

Local Bounti Corporation/DE filing history →

Source: SEC EDGAR
accession 0001193125-25-068740
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