BLUE BIRD CORP : Change in Directors or Principal Officers, Regulation FD Disclosure (form 8-K)

Published: 2021-10-19 17:09:06 ET BLBD

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On October 13, 2021, the Board of Directors ("Board") of Blue Bird Corporation (the "Company") approved the appointment of Matthew Stevenson as Chief Executive Officer ("CEO") of the Company, in addition to his current office of President, to be effective on November 1, 2021, as more fully described in Item 5.02(c) below. This action was anticipated and previously reported in a Current Report on Form 8-K (Date of Report: June 16, 2021) filed by the Company on June 22, 2021 (the "6/22/21 Form 8-K").

As a result of the foregoing appointment and as previously reported, the current CEO, Philip Horlock, will resign from the office of CEO on October 31, 2021. As previously reported, Mr. Horlock will continue his employment with the Company as Senior Advisor through December 31, 2021 at his current salary, at which time Mr. Horlock's employment will terminate. Mr. Horlock entered into a Transition Agreement with the Company dated June 21, 2021, which includes a related Consulting Agreement, the terms of which have been previously reported in Item 5.02(e) of the 6/22/21 Form 8-K.

(c) On October 13, 2021, the Board of the Company approved the appointment of Matthew Stevenson as Chief Executive Officer ("CEO") of the Company, in addition to his current office of President, to be effective on November 1, 2021. The Board also elected Mr. Stevenson as a director of the Company, as more fully described in Item 5.02(d) below.

A description of Mr. Stevenson's business experience and background, as well as his compensation arrangements, have been previously reported in Item 5.02(c) of the 6/22/21 Form 8-K, which information is incorporated herein by reference.

(d) On October 13, 2021, the Board of Directors of the Company elected Mr. Matthew Stevenson as a Class II director of the Company, to be effective November 1, 2021, to serve the remaining term of such class, expiring at the annual meeting of stockholders in 2022. Mr. Stevenson will not serve on any standing committees of the Board, and will not receive any additional compensation for his service as a director. A description of Mr. Stevenson's business experience and background, as well as his compensation arrangements as President and CEO of the Company, have been previously reported in Item 5.02(c) of the 6/22/21 Form 8-K, which information is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.

In accordance with General Instruction B.2. to Form 8-K, the following information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

--------------------------------------------------------------------------------