Retired three-star general joins BigBear.ai (NYSE: BBAI) board
Rhea-AI Filing Summary
BigBear.ai Holdings, Inc. appointed Ret. Lt. Gen. Sean Gainey to its Board of Directors and to the Nominating and Corporate Governance Committee, effective August 13, 2026. Gainey brings senior leadership experience from the United States Army Space and Missile Defense Command and Joint Task Force Gold, and previously led the Joint Counter Unmanned Aerial System Office at the Department of Defense.
Gainey will be compensated under BigBear.ai’s customary non-employee director compensation policy, including a prorated annual restricted stock unit award, and has signed the company’s standard indemnification agreement, filed as Exhibit 10.1. The company states there are no related-party transactions or family relationships involving Gainey that require disclosure.
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Director election date: August 13, 2026
Service period as Commander: January 2024 through April 2026
Prior Army leadership period: 2015 to 2020
+2 more
5 metrics
Director election date
August 13, 2026
Date Sean Gainey was elected to the Board and committee
Service period as Commander
January 2024 through April 2026
Period Gainey served as Commander, Three Star General at U.S. Army Space and Missile Defense Command and Joint Task Force Gold
Prior Army leadership period
2015 to 2020
Years Gainey held various positions including Deputy Commander, Commander and Director, Joint Staff
Warrant exercise price
$11.50 per share
Exercise price of each redeemable warrant for one share of common stock
Indemnification exhibit number
10.1
Form of indemnification agreement for directors filed as an exhibit
Key Terms
Nominating and Corporate Governance Committee, indemnification agreement, Non-Employee Director Compensation, emerging growth company
4 terms
Nominating and Corporate Governance Committee regulatory
"elected Ret. Lt. Gen. Sean Gainey to serve on the Board and its Nominating and Corporate Governance Committee"
A nominating and corporate governance committee is a group within a company's board of directors responsible for selecting and recommending individuals to serve as company leaders, such as directors or executives. They also develop and oversee policies to ensure the company is run fairly, ethically, and transparently. This committee matters to investors because it helps ensure the company is well-managed and guided by qualified, responsible leadership.
indemnification agreement regulatory
"Mr. Gainey has executed the Corporation’s standard indemnification agreement for directors"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
Non-Employee Director Compensation financial
"under the heading “Non-Employee Director Compensation,” including the annual restricted stock unit award"
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
What board change did BigBear.ai (BBAI) announce on August 13, 2026?
BigBear.ai announced the election of Ret. Lt. Gen. Sean Gainey to its Board of Directors and to the Nominating and Corporate Governance Committee, adding senior military and defense leadership expertise to the board.
What is Ret. Lt. Gen. Sean Gainey’s background relevant to BigBear.ai (BBAI)?
Sean Gainey served as a Commander, Three Star General at the U.S. Army Space and Missile Defense Command and Joint Task Force Gold from January 2024 to April 2026, and previously directed the Joint Counter Unmanned Aerial System Office at the Department of Defense.
How will the new director Sean Gainey be compensated at BigBear.ai (BBAI)?
Gainey will receive compensation under BigBear.ai’s customary non-employee director compensation policy, including an annual restricted stock unit award that is prorated from his election date, as described in the company’s 2026 proxy statement.
What key exhibit was filed with BigBear.ai’s (BBAI) August 2026 Form 8-K?
The company filed as Exhibit 10.1 the updated form of its standard indemnification agreement for directors, which Sean Gainey has executed. Exhibit 104 covers the Inline XBRL cover page interactive data file.
AI-generated analysis. How Rhea-AI works. Not financial advice.
