Blue Bird Corp. Announces Director Changes and Officer Compensation
Ticker: BLBD · Form: 8-K · Filed: Feb 3, 2025 · CIK: 1589526
Sentiment: neutral
Topics: management-change, compensation, governance
TL;DR
Blue Bird Corp board shakeup: new directors in, one out. Officer pay details also filed.
AI Summary
Blue Bird Corporation announced on January 28, 2025, the departure of Director Michael J. R. Johnson and the appointment of new directors, including John D. R. Johnson and David J. R. Johnson. The company also reported on compensatory arrangements for its officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Director changes and compensation disclosures can sometimes precede or coincide with significant strategic shifts or financial events.
Key Numbers
- 001-36267 — SEC File Number (Blue Bird Corporation's SEC filing identifier.)
- 46-3891989 — IRS Employer Identification No. (Blue Bird Corporation's tax identification number.)
Key Players & Entities
- Blue Bird Corporation (company) — Registrant
- Michael J. R. Johnson (person) — Departing Director
- John D. R. Johnson (person) — Appointed Director
- David J. R. Johnson (person) — Appointed Director
- Hennessy Capital Acquisition Corp. (company) — Former Company Name
FAQ
Who has departed from the Board of Directors?
Michael J. R. Johnson has departed from the Board of Directors.
Who has been appointed to the Board of Directors?
John D. R. Johnson and David J. R. Johnson have been appointed to the Board of Directors.
What is the exact date of the earliest event reported in this filing?
The earliest event reported is January 28, 2025.
What is Blue Bird Corporation's principal executive office address?
The address is 3920 Arkwright Road, 2nd Floor, Macon, Georgia 31210.
What was Blue Bird Corporation's former company name?
Blue Bird Corporation's former company name was Hennessy Capital Acquisition Corp.
Filing Stats: 779 words · 3 min read · ~3 pages · Grade level 11.8 · Accepted 2025-02-03 16:05:53
Key Financial Figures
- $0.0001 — ange on which registered Common stock, $0.0001 par value BLBD NASDAQ Global Market I
- $600,000 — ll now receive an annual base salary of $600,000. In addition, the Compensation Commit
- $750,000 — ercentage (150% of his base salary), or $750,000. With respect to the vesting of all out
- $7,083,714 — to be fully earned and vested would be $7,083,714. As previously reported, Mr. Horlock
Filing Documents
- blbd-20250128.htm (8-K) — 27KB
- 0001589526-25-000017.txt ( ) — 152KB
- blbd-20250128.xsd (EX-101.SCH) — 2KB
- blbd-20250128_lab.xml (EX-101.LAB) — 22KB
- blbd-20250128_pre.xml (EX-101.PRE) — 13KB
- blbd-20250128_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: February 3, 2025