ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
(b) On October 5, 2020, the Board of Directors of Blue Bird Corporation (the
"Company"), approved the separation from employment with the Company of Mr. Mark
Terry, Chief Commercial Officer, effective October 16, 2020. The Chief
Commercial Officer position will not be continued. Mr. Terry will receive
severance compensation pursuant to his existing April 2016 Severance Agreement
(up to 12 months' continuation of salary and group health insurance). Mr. Terry
will also receive a lump sum cash payment of $75,000 in January 2021. All of Mr.
Terry's vested and unvested stock based compensation shall be forfeit as of
October 16, 2020.
(e) Please see subparagraph (b) above for the terms of Mr. Mark Terry's
separation compensation, incorporated herein by reference.
ITEM 8.01 OTHER EVENTS
The Company has employed Mr. David Bercik as Senior Vice President of Sales and
Marketing, effective October 7, 2020.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
Exhibit No. Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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