Blue Bird Corp. Files DEF 14A Proxy Statement

Ticker: BLBD · Form: DEF 14A · Filed: Jan 29, 2024 · CIK: 1589526

Complexity: moderate

Sentiment: neutral

Topics: DEF 14A, Blue Bird Corp, Executive Compensation, Equity Awards, Proxy Statement

TL;DR

<b>Blue Bird Corp. files DEF 14A detailing executive compensation and equity awards for the fiscal year ending September 30, 2023.</b>

AI Summary

Blue Bird Corp (BLBD) filed a Proxy Statement (DEF 14A) with the SEC on January 29, 2024. Filing is a DEF 14A for Blue Bird Corp. with a fiscal year end of September 30, 2023. The filing covers executive compensation details for PEO and Non-PEO/NEO members. Includes data on equity awards granted during the year (vested and unvested) and in prior years (vested and forfeited). Reports on equity awards for specific individuals like HorlockMember and StevensonMember. The filing date is January 29, 2024.

Why It Matters

For investors and stakeholders tracking Blue Bird Corp, this filing contains several important signals. This filing provides shareholders with crucial information regarding executive compensation, including the structure and value of equity awards, which can influence voting decisions on executive pay proposals. Understanding the details of equity awards, such as grants, vesting schedules, and forfeitures, is essential for shareholders to assess the alignment of executive incentives with company performance and long-term value creation.

Risk Assessment

Risk Level: low — Blue Bird Corp shows low risk based on this filing. The filing is a standard DEF 14A, which is routine for public companies and does not contain new material financial information or significant strategic shifts.

Analyst Insight

Shareholders should review the executive compensation details, particularly the equity awards, to inform their voting decisions on related proposals at the upcoming meeting.

Key Numbers

Key Players & Entities

FAQ

When did Blue Bird Corp file this DEF 14A?

Blue Bird Corp filed this Proxy Statement (DEF 14A) with the SEC on January 29, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Blue Bird Corp (BLBD).

Where can I read the original DEF 14A filing from Blue Bird Corp?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Blue Bird Corp.

What are the key takeaways from Blue Bird Corp's DEF 14A?

Blue Bird Corp filed this DEF 14A on January 29, 2024. Key takeaways: Filing is a DEF 14A for Blue Bird Corp. with a fiscal year end of September 30, 2023.. The filing covers executive compensation details for PEO and Non-PEO/NEO members.. Includes data on equity awards granted during the year (vested and unvested) and in prior years (vested and forfeited)..

Is Blue Bird Corp a risky investment based on this filing?

Based on this DEF 14A, Blue Bird Corp presents a relatively low-risk profile. The filing is a standard DEF 14A, which is routine for public companies and does not contain new material financial information or significant strategic shifts.

What should investors do after reading Blue Bird Corp's DEF 14A?

Shareholders should review the executive compensation details, particularly the equity awards, to inform their voting decisions on related proposals at the upcoming meeting. The overall sentiment from this filing is neutral.

How does Blue Bird Corp compare to its industry peers?

Blue Bird Corp. operates in the Truck & Bus Bodies industry (SIC 3713).

Are there regulatory concerns for Blue Bird Corp?

This filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs the solicitation of proxies.

Industry Context

Blue Bird Corp. operates in the Truck & Bus Bodies industry (SIC 3713).

Regulatory Implications

This filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs the solicitation of proxies.

What Investors Should Do

  1. Review the detailed breakdown of equity awards granted to PEO and Non-PEO/NEO executives.
  2. Analyze the reported value of equity awards for specific individuals like HorlockMember and StevensonMember.
  3. Understand the vesting and forfeiture details of equity awards to assess executive incentives.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a proxy statement. Specific comparative data from a previous filing is not directly available in this excerpt.

Filing Stats: 4,907 words · 20 min read · ~16 pages · Grade level 12.6 · Accepted 2024-01-29 17:26:26

Key Financial Figures

Filing Documents

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 3

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 3 PROPOSAL ONE - ELECTION OF DIRECTORS 5 Terms of Our Classified Board 5 Recommendation of the Board 5 PROPOSAL TWO - RATIFICATION OF APPOINTMENT OF BDO USA, LLP 6 Recommendation of the Board 6 INFORMATION CONCERNING MANAGEMENT 9 Directors and Executive Officers 9 CORPORATE GOVERNANCE AND BOARD MATTERS 13 Classified Board of Directors 13 Director Independence 13 Board Membership Diversity 13 Stockholder Communications with the Board of Directors 14 Leadership Structure and Risk Oversight 14 Annual Meeting Attendance 15 Board Meetings 15 Committees of the Board of Directors 15 Audit Committee 15 Compensation Committee 16 Corporate Governance and Nominating Committee 17 Stockholder Nominations 17 Insider Trading Policy and Hedging Restrictions 18 Code of Ethics 19 Indemnification Agreements 19 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 20 Policies and Procedures for Related Person Transactions 20 Related Person Transactions 20 DELINQUENT SECTION 16(a) REPORTS 20 DIRECTOR AND EXECUTIVE COMPENSATION 21 COMPENSATION DISCUSSION AND ANALYSIS ("CD&A") 21 Introduction; Financial Highlights 21 Second Quarter Fiscal 2024 Approval of Change in Control Plan & Executive Employment Agreements 23 Compensation Program Objectives, Policies and Structure 23 Key Compensation Policies 24 Components of Short-Term Performance Compensation 24 Components of Long-Term Performance Compensation 24 Participants and Decision Makers in Determining Named Executive Officer Compensation 25 Industry Compensation Comparisons 25 Role of Compensation Consultants 25 Elements of Total Compensation 25 Compensation of the Chief Executive Officer 30 Stock Ownership Guidelines 30 Effect of Post-Termination Events 30 Federal Income Tax Considerations 30 Compensation Forfeiture and Clawback Policy 30 Fiscal 2024 Compensation Program 31 Stockholder Approv

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table sets forth information known to us (by required filings with the SEC) regarding beneficial ownership of shares of our Company's Common Stock on January 16, 2024 by: each person who is the beneficial owner of more than five percent (5%) of the outstanding shares of the Common Stock; each of our named executive officers, directors and director nominees; and all executive officers and directors of our Company as a group. Beneficial ownership is determined according to the rules of the SEC, which generally provide that a person has beneficial ownership of a security if he, she or it possesses sole or shared voting or investment power over that security or has the right to acquire beneficial ownership of the security within sixty (60) days, including options, rights, warrants or convertible securities that are currently exercisable or exercisable within sixty (60) days. As of the record date, January 16, 2024, there were 32,198,592 shares of Common Stock outstanding. 3 Unless otherwise indicated, we believe that all persons named in the table below have sole voting and investment power with respect to all shares of Common Stock beneficially owned by them. Name and Address of Beneficial Owner Amount and Nature of Beneficial Ownership Percent of Class (%) Greater than 5% Stockholders ASP BB Holdings LLC 1 c/o American Securities LLC 590 Madison Avenue, 38th Floor New York, New York 10022 4,042,650 12.6 Alliance Bernstein L.P. 2 1345 Avenue of the Americas New York, New York 10105 1,691,395 5.3 T. Rowe Price Associates, Inc. 2 100 East Pratt Street Baltimore, Maryland 21202 1,687,436 5.2 Directors, Nominees and Named Executive Officers Gurminder S. Bedi 36,334 * Mark Blaufuss 1,984 * Julie A. Fream 1,355 * Douglas Grimm 18,896 * Philip Horlock 3 569,553 1.8 Simon J. Newman 1,984 * Kevin S. Penn — — Razvan Radulescu 4 18,947 * Ted Scartz 5 13,341 * Bri

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