BigBear.ai Announces Executive Compensation, Director, and Officer Changes
Ticker: BBAI-WT · Form: 8-K · Filed: Jan 16, 2025 · CIK: 1836981
| Field | Detail |
|---|---|
| Company | Bigbear.Ai Holdings, INC. (BBAI-WT) |
| Form Type | 8-K |
| Filed Date | Jan 16, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $11.50, $500,000, $4,000,000, $1,125,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, board-changes, officer-appointments
Related Tickers: BBai
TL;DR
BigBear.ai shakes up exec pay, board, and officers effective Jan 15, 2025.
AI Summary
On January 15, 2025, BigBear.ai Holdings, Inc. announced changes in its executive compensation arrangements. The company also reported on the departure of a director and the election of new directors, alongside the appointment of certain officers. These events are detailed in their Form 8-K filing.
Why It Matters
Changes in executive compensation and board composition can signal shifts in company strategy or financial health, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in executive compensation and board structure can indicate internal adjustments or strategic shifts that may carry inherent risks.
Key Players & Entities
- BigBear.ai Holdings, Inc. (company) — Registrant
- GigCapital4, Inc. (company) — Former Company Name
- January 15, 2025 (date) — Date of earliest event reported
FAQ
What specific executive compensation arrangements were changed?
The filing indicates changes to 'Compensatory Arrangements of Certain Officers' but does not provide specific details on the nature or terms of these arrangements within the provided text.
Who departed as a director?
The filing mentions the 'Departure of Directors' but does not name the specific director who departed in the provided text.
Were new directors elected?
Yes, the filing indicates the 'Election of Directors' as an item reported.
Were there any appointments of certain officers?
Yes, the filing explicitly states 'Appointment of Certain Officers' as an item being reported.
What is the company's state of incorporation?
BigBear.ai Holdings, Inc. is incorporated in Delaware.
Filing Stats: 1,344 words · 5 min read · ~4 pages · Grade level 11 · Accepted 2025-01-16 17:04:47
Key Financial Figures
- $0.0001 — ls on which registered Common stock, $0.0001 par value BBAI New York Stock Exchange
- $11.50 — of common stock at an exercise price of $11.50 per share BBAI.WS New York Stock Exchan
- $500,000 — ation: (i) an annualized base salary of $500,000; (ii) eligibility to participate in the
- $4,000,000 — (iii) an initial award with a value of $4,000,000, to be awarded in the form of 50% restr
- $1,125,000 — Release Agreement "): (i) a payment of $1,125,000, which is equivalent to Mrs. Long's bas
- $170,298 — ii) a lump sum payment of approximately $170,298.96, which is equivalent to twelve month
- $550 — om time to time at a rate not to exceed $550 per hour. The foregoing descriptions
Filing Documents
- bbai-20250115.htm (8-K) — 42KB
- exhibit101mcaleenanofferle.htm (EX-10.1) — 18KB
- exhibit991pressreleasejanu.htm (EX-99.1) — 19KB
- logo.gif (GRAPHIC) — 4KB
- logo1.gif (GRAPHIC) — 4KB
- 0001628280-25-001748.txt ( ) — 274KB
- bbai-20250115.xsd (EX-101.SCH) — 3KB
- bbai-20250115_def.xml (EX-101.DEF) — 16KB
- bbai-20250115_lab.xml (EX-101.LAB) — 29KB
- bbai-20250115_pre.xml (EX-101.PRE) — 17KB
- bbai-20250115_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On January 15, 2025, the Company issued a press release with respect to the management changes described in Item 5.02 of this Current Report on Form 8-K. The press release is included in this report as Exhibit 99.1 and is incorporated herein by reference. This information shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 10.1 Offer Letter, dated as of January 15, 2025, between BigBear.ai Holdings, Inc. and Kevin McAleenan 10.2 Form of Standard Indemnification Agreement (incorporated by reference to Exhibit 10.3 to the Current Report on Form 8-K filed by BigBear.ai Holdings, Inc. on December 13, 2021) 99.1 Press release dated January 15, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 16, 2025 By: /s/ Sean Ricker Name: Sean Ricker Title: Chief Accounting Officer