---
schema_version: "secwatch.filing_event.v1"
accession: "0001589526-21-000142"
form_type: "8-K"
ticker: "BLBD"
cik: "0001589526"
company_name: "Blue Bird Corp"
filed_at: "2021-12-16T23:59:59+00:00"
generated_at: "2026-06-28T00:32:28.172670+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Blue Bird raises $75M via private placement at $16/share; Coliseum Capital gets 15% stake, board seat

## Summary
- Blue Bird issued and sold $75M in common shares at $16.00 per share to clients of Coliseum Capital Management.
- Coliseum receives a 15% stake; Adam Gray of Coliseum joins Board as Class II director, increasing board to 10.
- Net proceeds to fund EV strategy, working capital, potential acquisitions, pay down revolver.
- Company cites $5B in federal infrastructure funding for clean school buses as growth opportunity.

## SEC filing metadata
- accession: 0001589526-21-000142
- form_type: 8-K
- ticker: BLBD
- cik: 0001589526
- company_name: Blue Bird Corp
- filed_at: 2021-12-16T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1589526/000158952621000142/0001589526-21-000142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1589526/000158952621000142/blbd-20211215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001589526-21-000142
- JSON: https://secwatch.observer/filing/0001589526-21-000142.json
- Plain text: https://secwatch.observer/filing/0001589526-21-000142.txt

## Key facts
- Executive change
  Adam Gray was appointed as Director at Blue Bird Corp.
  - Action: appointed
  - Role: Director
  source text: Mr. Adam Gray, an affiliate of the Subscribers and Coliseum Capital Management, LLC (“Coliseum”), was appointed as a Class II member of the Board on December 15, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1589526/000158952621000142/0001589526-21-000142-index.htm

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