BigBear.ai terminates CTO Brian Frutchey; severance of $213,700 plus equity forfeiture

BigBear.ai Holdings, Inc.

CTO Brian Frutchey terminated effective Sept 15, 2022; no replacement will be sought.
Severance includes $162,500 (6mo salary), $42,200 (6mo target bonus), $9,000 (6mo health premiums).
Unvested equity forfeited: 140,000 B Units, ~59,486 options, ~23,795 RSUs; vested 210,000 B Units retained.
Non-compete for 6 months in US federal augmented analytics/cyber solutions.
Reaffirms existing restrictive covenants and non-disclosure agreement.

item 5.02 item 9.01

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Departed

Brian Frutchey

Chief Technology Officer

BBAI · BigBear.ai Holdings, Inc.

Effective: 2022-09-15
Filed: September 20, 2022, 7:59 PM ET

On September 15, 2022, BigBear.ai Holdings, Inc. (the “ Company ”) terminated the employment of Brian Frutchey, the Company's Chief Technology Officer,

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Brian Frutchey was terminated as Chief Technology Officer at BigBear.ai Holdings, Inc..

Action: terminated
Role: Chief Technology Officer

Exact text from the filing

On September 15, 2022, BigBear.ai Holdings, Inc. (the “ Company ”) terminated the employment of Brian Frutchey, the Company's Chief Technology Officer,

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BigBear.ai Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-22-025232

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