home · filing · 0001683168-24-004551
8-K filed July 1, 2024, 7:59 PM ET
ticker BAER
CIK 0001941536
other material
confidence high
sentiment negative
materiality 0.85
Tim Sheehy resigns as CEO; restates diluted EPS; acquires FMS for $20.6M
Bridger Aerospace Group Holdings, Inc.
CEO Tim Sheehy resigns effective July 1, 2024 to focus on U.S. Senate campaign; Sam Davis appointed interim CEO.
Audit committee determines diluted EPS miscalculation material; restating FY2023 and Q1-Q3 2023 financials.
Acquired FMS Aerospace for $20.6M in equity (up to $3.09M earnout); FMS had $10.3M revenue, $2.5M net income in 2023.
Jeffrey Kelter named Executive Chairman; Dan Drohan appointed to Board of Directors.
Restatement only affects diluted EPS; no impact on revenue, cash flows, or basic EPS.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Effective 2024-07-01
Filed July 1, 2024, 7:59 PM ET
On July 1, 2024, the Board appointed Sam Davis as interim Chief Executive Officer, effective immediately.
Effective 2024-07-01
Successor Sam Davis
Filed July 1, 2024, 7:59 PM ET
On July 1, 2024, Tim Sheehy, President, Chief Executive Officer, and director of the Company, notified the Company of his decision to resign from his position as President, Chief Executive Officer, and from the Board, effective immediately.
Effective 2024-07-01
Filed July 1, 2024, 7:59 PM ET
On July 1, 2024, the Board appointed current Chairman of the Board Jeffrey Kelter as Executive Chairman, effective immediately.
Effective 2024-07-01
Filed July 1, 2024, 7:59 PM ET
On July 1, 2024, the Board appointed Dan Drohan as a Class I Director of the Board, effective immediately.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sam Davis was appointed as Interim Chief Executive Officer at Bridger Aerospace Group Holdings, Inc..
Action appointed
Role Interim Chief Executive Officer
Exact text from the filing
On July 1, 2024, the Board appointed Sam Davis as interim Chief Executive Officer, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Tim Sheehy resigned as Chief Executive Officer at Bridger Aerospace Group Holdings, Inc..
Action resigned
Role Chief Executive Officer
Exact text from the filing
On July 1, 2024, Tim Sheehy, President, Chief Executive Officer, and director of the Company, notified the Company of his decision to resign from his position as President, Chief Executive Officer, and from the Board, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeffrey Kelter was appointed as Executive Chairman at Bridger Aerospace Group Holdings, Inc..
Action appointed
Role Executive Chairman
Exact text from the filing
On July 1, 2024, the Board appointed current Chairman of the Board Jeffrey Kelter as Executive Chairman, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dan Drohan was appointed as Class I Director at Bridger Aerospace Group Holdings, Inc..
Action appointed
Role Class I Director
Exact text from the filing
On July 1, 2024, the Board appointed Dan Drohan as a Class I Director of the Board, effective immediately.
View on SEC.gov
Source: SEC EDGAR
accession 0001683168-24-004551
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.