{"schema_version":"secwatch.filing_event.v1","accession":"0001589526-26-000034","form_type":"8-K","ticker":"BLBD","cik":"0001589526","company_name":"Blue Bird Corp","filed_at":"2026-05-18T20:20:49+00:00","discovered_at":"2026-05-18T20:22:00.254960+00:00","generated_at":"2026-05-18T20:23:22.150470+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Blue Bird transfers pension obligations for 2,044 participants to Pacific Life","bullets":["Plan purchased group annuity contracts; $94M in liabilities transferred, funded by Plan assets.","In April 2026, Plan paid ~$13M in lump-sum distributions to certain participants.","Company expects material non-cash pension settlement charge in Q3 FY2026 ending June 27, 2026.","Pacific Life assumes benefit obligations effective August 1, 2026; Plan to terminate thereafter.","No additional funding required from Blue Bird; closing expected May 19, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001589526-26-000034","json":"https://secwatch.observer/filing/0001589526-26-000034.json","markdown":"https://secwatch.observer/filing/0001589526-26-000034.md","text":"https://secwatch.observer/filing/0001589526-26-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1589526/000158952626000034/0001589526-26-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1589526/000158952626000034/blbd-20260512.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T20:23:22.150470+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":"d4e923f4d13e4b1b528b9b61726a3879b894cc57","claim":"Blue Bird Corp entered into Agreement with Pacific Life Insurance Company and Pacific Life & Annuity Company (effective 2026-05-12).","evidence_excerpt":"On May 12, 2026, Blue Bird Body Company, a wholly-owned subsidiary of Blue Bird Corporation (the “Company”), acting solely in its capacity as plan sponsor of the Blue Bird Body Company Employee Pension Plan (the “Plan”), a frozen defined benefit pension plan that is qualified under Internal Revenue Code, entered into an agreement (the “Agreement”) with Pacific Life Insurance Company and Pacific Life & Annuity Company (collectively, “Pacific Life”) relating to the Plan.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1589526/000158952626000034/0001589526-26-000034-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Pacific Life Insurance Company and Pacific Life & Annuity Company"},{"label":"Effective","value":"2026-05-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}