{"schema_version":"secwatch.filing_event.v1","accession":"0001589526-26-000010","form_type":"8-K","ticker":"BLBD","cik":"0001589526","company_name":"Blue Bird Corp","filed_at":"2026-02-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.559853+00:00","generated_at":"2026-05-16T02:26:01.849594+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Blue Bird to acquire full ownership of Micro Bird JV for ~$200M","bullets":["Purchase price $198.2M: 30% cash (~$59.5M) and 70% stock (~2.7M exchangeable shares).","Expected close H1 2026; adds Steve Girardin to Blue Bird Board as Class III director.","Also acquires Micro Bird's Plattsburg, NY plant for ~$16.5M separate consideration.","Consolidates Type A, C, D bus portfolio; expands Buy America-compliant shuttle bus TAM.","Five-year non-compete; lock-up on stock consideration with phased releases over 3 years."],"urls":{"canonical":"https://secwatch.observer/filing/0001589526-26-000010","json":"https://secwatch.observer/filing/0001589526-26-000010.json","markdown":"https://secwatch.observer/filing/0001589526-26-000010.md","text":"https://secwatch.observer/filing/0001589526-26-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1589526/000158952626000010/0001589526-26-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1589526/000158952626000010/blbd-20260215.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T02:26:01.849594+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":"d3b3e65e9056a8dbbcc2d94590d3f388bee8f47e","claim":"Blue Bird Corp entered into Share Purchase Agreement with Girardin Group valued at Purchase price $198,237,010: 30% cash at closing, 70% paid through issuance of 2,702,180 exchangeabl (effective 2026-02-15).","evidence_excerpt":"On February 15, 2026, Blue Bird entered into a Share Purchase Agreement (the “ Purchase Agreement ”), with (i) the AG 2014 Trust (“ AG Trust ”), the SG 2014 Trust (“ SG Trust ”), and the DG 2014 Trust (“ DG Trust ” and collectively with AG Trust and SG Trust, the “ Trusts ”), Groupe Autobus Girardin Ltée, a corporation existing under the federal laws of Canada (“ GAG ”), Girardin Minibus JV 2 Inc., a corporation existing under the laws of the Province of Québec (the “ MB US Seller ” and together with the Trusts and GAG, the “ Sellers ” and each, a “ Seller ”), to acquire 100% of the issued and outstanding Equity Securities of Girardin Minibus JV Inc., a corporation existing under the laws of the Province of Québec (“ MB Canada Target ”) and 100% of the issued and outstanding Equity Securities of Girardin Minibus JV 2 USA Inc., a Delaware corporation (“ MB US Target ”)(together with MB Canada Target, the “ Micro Bird Targets ” and each, a “ Target ”) in exchange for an aggregate purchas","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1589526/000158952626000010/0001589526-26-000010-index.htm","confidence":1.0,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Girardin Group"},{"label":"Value","value":"Purchase price $198,237,010: 30% cash at closing, 70% paid through issuance of 2,702,180 exchangeabl"},{"label":"Effective","value":"2026-02-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}