---
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"
generated_at: "2026-05-18T20:23:22.150470+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Blue Bird transfers pension obligations for 2,044 participants to Pacific Life

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001589526-26-000034
- JSON: https://secwatch.observer/filing/0001589526-26-000034.json
- Plain text: https://secwatch.observer/filing/0001589526-26-000034.txt

## Key facts
- Material Agreements
  Blue Bird Corp entered into Agreement with Pacific Life Insurance Company and Pacific Life & Annuity Company (effective 2026-05-12).
  - Action: entry
  - Counterparty: Pacific Life Insurance Company and Pacific Life & Annuity Company
  - Effective: 2026-05-12
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1589526/000158952626000034/0001589526-26-000034-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.