Item 8.01 Other Events.
On December 14, 2023, Blue Bird Corporation (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with School Bus Holdings Inc., BofA Securities, Inc. and Barclays Capital Inc., the underwriters (the “Underwriters”) and the selling shareholder named therein (the “Selling Shareholder”), pursuant to which the Selling Shareholder agreed to sell 2,500,000 shares of common stock, par value $0.0001 per share, of the Company to the Underwriters at a purchase price of $25.10 per share (the “Offering”). The Offering closed on December 19, 2023. The Company did not sell any shares in the Offering and will not receive any proceeds from the Offering.
The Offering is being made pursuant to a prospectus supplement, dated December 14, 2023, to the prospectus, dated December 22, 2021, included in the Company’s registration statement on Form S-3 (File No. 333-261858), which was initially filed with the Securities and Exchange Commission on December 23, 2021.
The Underwriting Agreement contains customary representations, warranties and covenants and includes the terms and conditions for the sale of the shares by the Selling Shareholder to the Underwriters, indemnification and contribution obligations and other terms and conditions customary in agreements of this type.
A copy of the Underwriting Agreement is filed as Exhibit 1.1 hereto. The above description is qualified in its entirety by reference to such exhibit.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.