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Posted 19 October, 2021

Blue Bird Corp appointed Matthew Stevenson as new CEO

Nasdaq:BLBD appointed new Chief Executive Officer Matthew Stevenson in a 8-K filed on 19 October, 2021.


  (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.  

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Overview of Blue Bird Corp
Automotive • Commercial Vehicles
Blue Bird Corp. engages in the design and manufacture of school buses. It operates through the Bus and Parts segments. The Bus segment includes the manufacturing and assembly of school buses to be sold to a variety of customers across the United States, Canada, and in international markets. The Parts segment focuses on the purchases of parts from third parties to be sold to dealers within the company’s network and certain large fleet customers. The company was founded by Albert Laurence Luce in 1927 and is headquartered in Macon, GA.
Market Cap
$1.08B
View Company Details
Blue Bird Corp by TradingView
Relevant filing section
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.