Blue Bird Corp. Reports Executive/Director Changes on Jan 25

TL;DR

**Blue Bird Corp. just reported executive changes; watch for details on who's in/out and new pay.**

AI Summary

Blue Bird Corp. filed an 8-K on January 31, 2024, reporting that the earliest event occurred on January 25, 2024. This filing, under Item 5.02, indicates a "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers." While the specific details of these changes are not provided in this excerpt, such events can signal shifts in leadership or executive compensation, which could impact the company's strategic direction and financial performance. Investors should monitor subsequent filings for specifics on who departed or was appointed, and any new compensation agreements, as these can influence stock valuation.

Why It Matters

Changes in leadership or executive compensation can signal strategic shifts or financial adjustments, directly impacting investor confidence and the company's future performance.

Risk Assessment

Risk Level: medium — Without specific names or details of the changes, the impact is uncertain, ranging from minor to significant strategic shifts.

Analyst Insight

A smart investor would add Blue Bird Corp. (BLBD) to their watchlist and look for subsequent filings (like another 8-K or 10-K/Q) that provide specific names and details regarding the reported executive and director changes, as these specifics will determine the actual impact on the company's strategy and outlook.

Key Players & Entities

• Blue Bird Corp. (company) — registrant
• January 25, 2024 (date) — date of earliest event reported
• January 31, 2024 (date) — filing date
• 001-36267 (other) — Commission File Number
• BLBD (other) — Trading Symbol

FAQ

Key Financial Figures

• $0.0001 — ange on which registered Common stock, $0.0001 par value BLBD NASDAQ Global Market I
• $25 — interpolation or proration): less than $25 – 2X; $25 – 3X; $30 – 4X; $35 – 5X; $40
• $30 — oration): less than $25 – 2X; $25 – 3X; $30 – 4X; $35 – 5X; $40 or higher – 6X. T
• $35 — less than $25 – 2X; $25 – 3X; $30 – 4X; $35 – 5X; $40 or higher – 6X. The bonus w
• $40 — $25 – 2X; $25 – 3X; $30 – 4X; $35 – 5X; $40 or higher – 6X. The bonus will be pai
• $1,500,000 — orlock (150% of base salary under MIP = $1,500,000): $3,000,000 up to a maximum of $9,000,
• $3,000,000 — of base salary under MIP = $1,500,000): $3,000,000 up to a maximum of $9,000,000. Britton
• $9,000,000 — 500,000): $3,000,000 up to a maximum of $9,000,000. Britton Smith (100% of base salary un
• $515,000 — Smith (100% of base salary under MIP = $515,000): $1,030,000 up to a maximum of $3,090,
• $1,030,000 — % of base salary under MIP = $515,000): $1,030,000 up to a maximum of $3,090,000. Razvan
• $3,090,000 — 515,000): $1,030,000 up to a maximum of $3,090,000. Razvan Radulescu (100% of base salary
• $175,000 — Scartz (50% of base salary under MIP = $175,000): $360,500 up to a maximum of $1,081,50
• $360,500 — % of base salary under MIP = $175,000): $360,500 up to a maximum of $1,081,500. Omnibu
• $1,081,500 — $175,000): $360,500 up to a maximum of $1,081,500. Omnibus Amendment to Outstanding Awa
• $1,000,000 — , will receive an annual base salary of $1,000,000, will be eligible to participate in the

Filing Documents

• blbd-20240125.htm (8-K) — 44KB
• 0001589526-24-000007.txt ( ) — 174KB
• blbd-20240125.xsd (EX-101.SCH) — 2KB
• blbd-20240125_lab.xml (EX-101.LAB) — 25KB
• blbd-20240125_pre.xml (EX-101.PRE) — 13KB
• blbd-20240125_htm.xml (XML) — 3KB

01 Financial Statement and Exhibits

Item 9.01 Financial Statement and Exhibits. (d) Exhibits. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES 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. BLUE BIRD CORPORATION By: /s/ Ted Scartz Name: Ted Scartz Title: Senior Vice President and General Counsel Dated: January 31, 2024

View Full Filing

View this 8-K filing on SEC EDGAR