Local Bounti Corp. Reports Director Changes & Bylaw Amendments
Ticker: LOCLW · Form: 8-K · Filed: Jun 14, 2024 · CIK: 1840780
| Field | Detail |
|---|---|
| Company | Local Bounti Corporation/De (LOCLW) |
| Form Type | 8-K |
| Filed Date | Jun 14, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, board-changes, bylaws
TL;DR
Local Bounti board shakeup and bylaw changes filed. Watch for new director impact.
AI Summary
Local Bounti Corporation/DE filed an 8-K on June 13, 2024, reporting on several key events. These include the departure of a director, the election of new directors, and updates to compensatory arrangements for officers. The filing also addresses amendments to the company's articles of incorporation or bylaws and the submission of matters to a vote of security holders.
Why It Matters
Changes in board composition and corporate governance documents can signal shifts in company strategy or management focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns corporate governance and administrative changes, with no immediate financial distress or significant operational shifts indicated.
Key Players & Entities
- Local Bounti Corporation/DE (company) — Registrant
- Delaware (company) — State of Incorporation
- June 13, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from the board of directors at Local Bounti Corporation?
The filing indicates the departure of a director, though the specific name is not detailed in the provided text.
Were any new directors elected to the board?
Yes, the filing reports the election of new directors to the board of Local Bounti Corporation.
What other corporate governance matters are addressed in this 8-K filing?
The filing also covers updates to compensatory arrangements for certain officers and amendments to the company's articles of incorporation or bylaws.
Does this filing include information about a vote of security holders?
Yes, the filing states that it addresses the submission of matters to a vote of security holders.
What is the date of the earliest event reported in this 8-K?
The date of the earliest event reported is June 13, 2024.
Filing Stats: 986 words · 4 min read · ~3 pages · Grade level 12.4 · Accepted 2024-06-14 16:21:01
Key Financial Figures
- $0.0001 — registered Common Stock, par value of $0.0001 per share LOCL New York Stock Excha
Filing Documents
- d854530d8k.htm (8-K) — 45KB
- d854530dex31.htm (EX-3.1) — 8KB
- d854530dex32.htm (EX-3.2) — 178KB
- d854530dex101.htm (EX-10.1) — 6KB
- g854530g0614100053050.jpg (GRAPHIC) — 4KB
- 0001193125-24-161641.txt ( ) — 414KB
- locl-20240613.xsd (EX-101.SCH) — 3KB
- locl-20240613_lab.xml (EX-101.LAB) — 18KB
- locl-20240613_pre.xml (EX-101.PRE) — 11KB
- d854530d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d)Exhibits. Exhibit number Description 3.1 Certificate of Amendment to Certificate of Incorporation of Local Bounti Corporation 3.2 Amended and Restated Bylaws of Local Bounti Corporation 10.1 Amendment to Local Bounti Corporation 2021 Equity Incentive Plan 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. Date: June 14, 2024 Local Bounti Corporation By: /s/ Kathleen Valiasek Name: Kathleen Valiasek Title: Chief Financial Officer