secwatch.observer — SEC 8-K summary
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Issuer:     Blue Bird Corp (BLBD)
CIK:        0001589526
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001589526-24-000079
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Bird appoints Britton Smith as President & CEO, effective Sept 29, 2024; Doug Grimm named Chairman
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- Britton Smith succeeds Phil Horlock as CEO; Horlock resigns effective Sept 28, 2024, remains on Board.
- Smith's compensation: base salary $650k, cash bonus target 150% of base, LTIP target 175% of base for FY2025.
- Doug Grimm elected Chairman effective Aug 7, 2024, replacing Kevin Penn who remains as director.
- Smith also elected to the Board as Class I director effective Aug 7, filling vacancy from Gurminder Bedi's resignation.
- Leadership changes are part of a planned transition; Smith previously served as President since June 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589526/000158952624000079/0001589526-24-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589526/000158952624000079/blbd-20240802.htm
  HTML page:      https://secwatch.observer/filing/0001589526-24-000079

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer