{"schema_version":"secwatch.filing_event.v1","accession":"0001589526-25-000017","form_type":"8-K","ticker":"BLBD","cik":"0001589526","company_name":"Blue Bird Corp","filed_at":"2025-02-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.094226+00:00","generated_at":"2026-05-27T03:59:13.331832+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Blue Bird CFO gets $600k salary; CEO Horlock to retire Feb 28 with ~$7M equity acceleration","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001589526-25-000017","json":"https://secwatch.observer/filing/0001589526-25-000017.json","markdown":"https://secwatch.observer/filing/0001589526-25-000017.md","text":"https://secwatch.observer/filing/0001589526-25-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1589526/000158952625000017/0001589526-25-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1589526/000158952625000017/blbd-20250128.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T03:59:13.331832+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"89f293e872","claim":"Phil Horlock departed as President and Chief Executive Officer at Blue Bird Corp.","evidence_excerpt":"Mr. Horlock’s employment shall terminate effective February 28, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1589526/000158952625000017/0001589526-25-000017-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}