Blue Bird CFO gets $600k salary; CEO Horlock to retire Feb 28 with ~$7M equity acceleration

Blue Bird Corp

CFO Razvan Radulescu's base salary increased to $600,000; LTIP target raised to 150% of salary.
CEO Phil Horlock to retire effective Feb 28, 2025; all unvested equity awards will immediately vest.
Value of fully vested RSUs (time- and performance-based) estimated at $7,083,714 using Jan 30 closing price.
Horlock receives pro-rated MIP bonus at 50% of service; at 100% payout, bonus would be $750,000.
Horlock remains on board as Class III Director, receiving non-employee director compensation.

item 5.02 item 9.01

Executive movements

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

Departed

Phil Horlock

President and Chief Executive Officer

BLBD · Blue Bird Corp

Effective: 2025-02-28
Filed: February 3, 2025, 6:59 PM ET

Mr. Horlock’s employment shall terminate effective February 28, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Phil Horlock departed as President and Chief Executive Officer at Blue Bird Corp.

Action: retire
Role: President and Chief Executive Officer

Exact text from the filing

Mr. Horlock’s employment shall terminate effective February 28, 2025.

View on SEC.gov

Blue Bird Corp filing history →

Source: SEC EDGAR

accession 0001589526-25-000017

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