Management ChangeMay 15, 2026, 04:33 PM
Local Bounti CCO Dane Almassy Departs
AI Summary
Local Bounti Corporation announced the departure of Dane Almassy, its Chief Commercial Officer, effective May 14, 2026. The company presented Mr. Almassy with a separation agreement, which he has 21 days to accept. Under his employment agreement, he is entitled to accrued salary and benefits through the separation date, and subject to executing a general release of claims and adhering to restrictive covenants, he will receive six months of continuing salary payments and COBRA reimbursement.
Key Highlights
- Local Bounti's Chief Commercial Officer, Dane Almassy, departed the company.
- His employment ended effective May 14, 2026.
- Mr. Almassy was presented with a separation agreement.
- He is entitled to accrued salary and benefits through the separation date.
- Subject to a general release of claims, he will receive 6 months of salary and COBRA reimbursement.
- The separation agreement includes severance benefits specified in his July 15, 2025 employment agreement.
Price Impact
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