Local Bounti CCO Dane Almassy terminated; severance of $175K in exchange for release

Local Bounti Corporation/DE

Chief Commercial Officer Dane Almassy's employment ended May 14, 2026.
Entitled to $175,000 gross (6 months salary) plus COBRA for 6 months if he signs release.
Separation agreement includes non-disparagement and confidentiality obligations.
Almassy has 21 days to accept; severance per employment agreement dated July 15, 2025.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Dane Almassy

Chief Commercial Officer

LOCL · Local Bounti Corporation/DE

Effective: 2026-05-14
Filed: May 15, 2026, 4:21 PM ET

On May 14, 2026, Local Bounti Corporation (the “Company”) notified Dane Almassy, the Company’s Chief Commercial Officer, that his employment with the Company ended effective May 14, 2026 (the “Separation Date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Dane Almassy was terminated as Chief Commercial Officer at Local Bounti Corporation/DE.

Action: terminated
Role: Chief Commercial Officer

Exact text from the filing

On May 14, 2026, Local Bounti Corporation (the “Company”) notified Dane Almassy, the Company’s Chief Commercial Officer, that his employment with the Company ended effective May 14, 2026 (the “Separation Date”).

View on SEC.gov

Local Bounti Corporation/DE filing history →

Source: SEC EDGAR

accession 0001628280-26-035596

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.