{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-035596","form_type":"8-K","ticker":"LOCL","cik":"0001840780","company_name":"Local Bounti Corporation/DE","filed_at":"2026-05-15T20:21:32+00:00","discovered_at":"2026-05-15T20:28:00.266335+00:00","generated_at":"2026-05-15T20:28:43.330964+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Local Bounti CCO Dane Almassy terminated; severance of $175K in exchange for release","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-035596","json":"https://secwatch.observer/filing/0001628280-26-035596.json","markdown":"https://secwatch.observer/filing/0001628280-26-035596.md","text":"https://secwatch.observer/filing/0001628280-26-035596.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840780/000162828026035596/0001628280-26-035596-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840780/000162828026035596/locl-20260514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T20:28:43.330964+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":"995d2b6acf","claim":"Dane Almassy was terminated as Chief Commercial Officer at Local Bounti Corporation/DE.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1840780/000162828026035596/0001628280-26-035596-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Chief Commercial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}