ITEM 5.02          Departure of Directors or Certain Officers; Election of
                   Directors; Appointment of Certain Officers; Compensatory
                   Arrangements of Certain Officers.

(b) On August 20, 2020, Mr. Connor Wentzell resigned from the Board of Directors of Blue Bird Corporation (the "Company").

(d) On August 20, 2020, the Board of Directors elected Mr. Jared Sperling as a Class III Director to fill the vacancy created by the resignation of Connor Wentzell. Mr. Sperling will serve as a Class III Director for the remaining term of the Class III Directors, expiring in 2023, or until his earlier resignation, removal from office or death. Mr. Sperling was also elected to serve as a member of the Compensation Committee of the Board of Directors.

Mr. Sperling, age 28, is a Vice President of American Securities LLC, and joined American Securities in 2016 as an Associate. From 2014 to 2016, Mr. Sperling was employed at Goldman Sachs, focusing on M&A and capital transactions in the Consumer Retail and Healthcare Group. Mr. Sperling holds a B.S. degree in Applied Physics from Yale University and an M.B.A. degree from Harvard Business School.

There is no material plan, contract or arrangement to which Mr. Sperling is a party or in which he participates that has been entered into in connection with this event. Mr. Sperling will participate in the Company's current director compensation programs as described in the Company's Definitive Proxy Statement dated January 31, 2020 with respect to its 2020 Annual Meeting of Stockholders, which was filed with the Securities and Exchange Commission ("SEC") on January 27, 2020 (the "2020 Proxy Statement").

(e) On August 20, 2020, the Compensation Committee of the Board of Directors approved the following changes to the compensation of the Named Executive Officers included in the 2020 Proxy Statement ("NEOs"), as well as our Chief Operating Officer and our recently employed Chief Financial Officer. These officers are: Phil Horlock, Chief Executive Officer; Jeff Taylor, Chief Financial Officer; Trey Jenkins, Chief Operating Officer; Tom Roberts, Chief Administrative Officer; Mark Terry, Chief Commercial Officer; and Paul Yousif, Vice President, General Counsel and Treasurer.

The annual salary of each of Messrs. Horlock, Taylor, Jenkins, Roberts and Terry will be reduced by 20%, effective September 1, 2020. The annual salary of Mr. Yousif will be reduced by 15%, effective September 1, 2020. The Company will cease making the 401(k) employer matching contribution, Company-wide, effective October 1, 2020. For salary information regarding our NEOs, please refer to the "Executive Compensation Table" contained in the 2020 Proxy Statement. For salary information regarding Jeff Taylor, please refer to the Company's Current Report on Form 8-K filed with the SEC on May 1, 2020. For salary information regarding Trey Jenkins, please refer to the Company's Current Report on Form 8-K filed with the SEC on November 18, 2019.

With respect to compensation of directors, the Compensation Committee also approved a 25% reduction in the $12,500 quarterly cash payment to directors as director fees, effective with the next quarterly payment due.




ITEM 9.01    FINANCIAL STATEMENTS AND EXHIBITS
(d)   Exhibits

Exhibit No. Description

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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