On December 14, 2023, the Board of Directors of Local Bounti Corporation appointed Craig Hurlbert as the Chief Executive Officer of the Company, effective immediately. On December 14, 2023, the Company determined that Anna Fabrega?s last day of employment as the Chief Executive Officer of the Company was December 14, 2023. The Company presented Ms. Fabrega with a separation agreement with the severance benefits specified in her employment agreement dated as of June 5, 2023, and offer letter dated as of April 19, 2023, and a general release of claims, which she has 45 days to accept, if at all.
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