Blue Bird Corp. Reports Director Departure, Board Changes
Ticker: BLBD · Form: 8-K · Filed: Jan 22, 2025 · CIK: 1589526
Sentiment: neutral
Topics: director-departure, board-changes, officer-compensation
Related Tickers: BLBD
TL;DR
Blue Bird Corp (BLBD) director Michael J. R. Johnson out, new board members in. Check compensation details.
AI Summary
Blue Bird Corporation announced on January 21, 2025, the departure of Director Michael J. R. Johnson. The company also reported on the election of new directors and changes in officer compensation arrangements. The filing also includes financial statements and exhibits.
Why It Matters
Changes in board composition and officer compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Director departures and changes in officer compensation can sometimes indicate underlying issues or strategic shifts that warrant closer investor scrutiny.
Key Players & Entities
- Blue Bird Corporation (company) — Registrant
- Michael J. R. Johnson (person) — Departing Director
- January 21, 2025 (date) — Date of Earliest Event Reported
- 001-36267 (company) — SEC File Number
- 46-3891989 (company) — IRS Employer Identification No.
FAQ
Who has departed from Blue Bird Corporation's board of directors?
Michael J. R. Johnson has departed from the board of directors.
What is the exact date of the earliest event reported in this filing?
The date of the earliest event reported is January 21, 2025.
What are the main items reported in this 8-K filing?
The filing reports the departure of a director, election of directors, changes in officer compensation, and includes financial statements and exhibits.
What is Blue Bird Corporation's SEC File Number?
Blue Bird Corporation's SEC File Number is 001-36267.
What is the company's principal executive office address?
The principal executive offices are located at 3920 Arkwright Road, 2nd Floor, Macon, Georgia 31210.
Filing Stats: 1,654 words · 7 min read · ~6 pages · Grade level 11.5 · Accepted 2025-01-22 16:18:32
Key Financial Figures
- $0.0001 — ange on which registered Common stock, $0.0001 par value BLBD NASDAQ Global Market I
- $6 billion — role, he was responsible for leading a $6 billion business with 33,000 employees across 6
- $850,000 — s compensation include a base salary of $850,000 annually (prorated for partial year), a
- $250,000 — one-time cash payment in the amount of $250,000, payable within 30 days of his first da
- $2,250,000 — such grant to be in the total amount of $2,250,000 (based upon the Company's closing stock
- $100,000 — the form of a one-time cash payment of $100,000 (grossed up to cover any applicable tax
Filing Documents
- blbd-20250121.htm (8-K) — 36KB
- ex991bluebirdpressreleasec.htm (EX-99.1) — 11KB
- image_0a.jpg (GRAPHIC) — 92KB
- image_1a.jpg (GRAPHIC) — 100KB
- 0001589526-25-000003.txt ( ) — 442KB
- blbd-20250121.xsd (EX-101.SCH) — 2KB
- blbd-20250121_lab.xml (EX-101.LAB) — 22KB
- blbd-20250121_pre.xml (EX-101.PRE) — 13KB
- blbd-20250121_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. We issued a press release on January 22, 2025, announcing the events reported in this Current Report on Form 8-K, a copy of which is furnished as Exhibit 99.1 to this Report.
01 Financial Statement and Exhibits
Item 9.01 Financial Statement and Exhibits. (d) Exhibits. 99.1 Press Release dated January 22, 2025 , announcing certain management and Board changes at the Company. 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 22, 2025