---
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"
generated_at: "2026-05-15T20:28:43.330964+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-035596
- JSON: https://secwatch.observer/filing/0001628280-26-035596.json
- Plain text: https://secwatch.observer/filing/0001628280-26-035596.txt

## Key facts
- Executive change
  Dane Almassy was terminated as Chief Commercial Officer at Local Bounti Corporation/DE.
  - Action: terminated
  - Role: Chief Commercial Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1840780/000162828026035596/0001628280-26-035596-index.htm

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