Blue Bird Corp. DEF 14A Filing: Executive Compensation Details

Ticker: BLBD · Form: DEF 14A · Filed: Jan 27, 2025 · CIK: 1589526

Sentiment: neutral

Topics: proxy-statement, executive-compensation, corporate-governance

TL;DR

Blue Bird Corp DEF 14A out - exec comp details for FY24. Check board pay.

AI Summary

Blue Bird Corp. filed a DEF 14A on January 27, 2025, for the fiscal year ending September 28, 2024. The filing details executive compensation and corporate governance matters. Key individuals mentioned in relation to compensation include members of the board like Horlock and Stevenson.

Why It Matters

This filing provides transparency into how Blue Bird Corp. compensates its top executives and board members, which can influence investor decisions and employee morale.

Risk Assessment

Risk Level: medium — DEF 14A filings are routine but can reveal changes in executive compensation or governance that may impact stock performance.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit shareholder votes on important corporate matters, such as the election of directors and executive compensation.

When did Blue Bird Corp. change its name from Hennessy Capital Acquisition Corp.?

Blue Bird Corp. changed its name from Hennessy Capital Acquisition Corp. on October 17, 2013.

What is Blue Bird Corp.'s Standard Industrial Classification (SIC) code?

Blue Bird Corp.'s SIC code is 3713, which corresponds to Truck & Bus Bodies.

Who are some of the individuals mentioned in the context of compensation or board membership?

The filing mentions individuals like Horlock and Stevenson in the context of board membership and compensation for fiscal years 2022-2024.

What is the business address of Blue Bird Corp.?

The business address of Blue Bird Corp. is 3920 Arkwright Road, Suite 200, Macon, GA 31210.

Filing Stats: 4,876 words · 20 min read · ~16 pages · Grade level 12.7 · Accepted 2025-01-27 12:23:23

Key Financial Figures

Filing Documents

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

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, P.C. 6 Recommendation of the Board 6 INFORMATION CONCERNING MANAGEMENT 7 Directors and Executive Officers 7 CORPORATE GOVERNANCE AND BOARD MATTERS 11 Classified Board of Directors 11 Director Independence 11 Board Membership Diversity 11 Stockholder Communications with the Board of Directors 12 Leadership Structure and Risk Oversight 12 Annual Meeting Attendance 13 Board Meetings 13 Committees of the Board of Directors 13 Audit Committee 13 Compensation Committee 14 Corporate Governance and Nominating Committee 15 Stockholder Nominations 16 Insider Trading Policy and Hedging Restrictions 17 Code of Ethics 18 Indemnification Agreements 18 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 19 Policies and Procedures for Related Person Transactions 19 Related Person Transactions 19 DELINQUENT SECTION 16(a) REPORTS 19 DIRECTOR AND EXECUTIVE COMPENSATION 21 COMPENSATION DISCUSSION AND ANALYSIS ("CD&A") 21 Introduction; Financial Highlights 21 Fiscal 2024 Financial Results and Business Highlights..Second Quarter Fiscal 2024 Approval of Change in Control Plan & Executive Employment Agreements 21 Second Quarter Fiscal 2024 Approval of Change in Control Plan and Executive Employment Agreements 22 Compensation Program Objectives, Policies and Structure 22 Key Compensation Policies 22 Components of Short-Term Performance Compensation 23 Components of Long-Term Performance Compensation 23 Participants and Decision Makers in Determining Named Executive Officer Compensation 24 Industry Compensation Comparisons 24 Role of Compensation Consultants 24 Elements of Total Compensation 24 Compensation of the Chief Executive Officer 29 Stock Ownership

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 15, 2025 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 15, 2025, there were 32,111,078 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 BlackRock, Inc. 1 50 Hudson Yards New York, New York 10001 2,856,489 8.9 FMR LLC 2 245 Summer Street Boston, Massachusetts 02210 4,341,804 13.5 The Vanguard Group 3 100 Vanguard Boulevard Malvern, Pennsylvania 19355 2,401,167 7.5 Westwood Management Corp. 4 200 Crescent Court, Suite 1200 Dallas, Texas 75201 1,684,762 5.2 Directors, Nominees and Named Executive Officers Mark Blaufuss 3,938 * Julie A. Fream 3,309 * Douglas Grimm 20,850 * Edward T. Hightower — — Philip Horlock 5 276,943 * Simon J. Newman 3,938 * Kevin S. Penn — — Razvan Radulescu 6 2,84

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