secwatch.observer — SEC 8-K summary
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Issuer:     BigBear.ai Holdings, Inc. (BBAI)
CIK:        0001836981
Form:       8-K
Filed at:   2025-01-16T23:59:59+00:00
Accession:  0001628280-25-001748
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BigBear.ai: Kevin McAleenan appointed CEO, Mandy Long steps down
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- Kevin McAleenan becomes CEO Jan 15, 2025; Mandy Long steps down as CEO, transitions to advisor.
- McAleenan compensation: $500K base, 125% bonus target, $4M initial equity (50/50 RSU/options), annual grants 200% of base.
- Long severance: $1.125M (12 mo salary + target bonus) plus ~$170K health premiums, subject to release.
- McAleenan previously President, co-founded Pangiam (acquired 2024); former Acting DHS Secretary under Trump.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836981/000162828025001748/0001628280-25-001748-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836981/000162828025001748/bbai-20250115.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-001748

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer