Street Calls of the Week
BigBear.ai Holdings, Inc. (NYSE:BBAI), whose stock has surged over 360% in the past year according to InvestingPro data, announced Tuesday that its board of directors has appointed Sean R. Ricker as chief financial officer, effective immediately. Ricker had served as interim CFO since June 6. The appointment comes as the company maintains a healthy liquidity position with a current ratio of 1.91.
According to a statement in the company’s SEC filing, Ricker will receive an annual base salary of $420,000 and will be eligible for a short-term incentive program with an annual bonus target equal to 100% of his base compensation. He will also receive a retention award of 200,000 restricted stock units, with half vesting on the first anniversary of the grant date and the remainder vesting on the second anniversary.
Beginning in 2025, Ricker will be eligible for a recurring annual equity grant estimated at 100% of his base compensation, subject to approval by the compensation committee. This grant may be split between restricted stock units, performance stock units, stock options, or other long-term incentive vehicles at the committee’s discretion. Ricker is also eligible to participate in the company’s employee benefit plans.
Ricker, age 38, has held several roles at BigBear.ai, including chief accounting officer from August 2022 to June 2025 and corporate controller since April 2021. Before joining BigBear.ai, he was a director at MorganFranklin Consulting (now Highspring) from 2019 to 2021.
The filing states there are no arrangements or understandings between Ricker and any other person regarding his appointment, and there are no family relationships between Ricker and any of the company’s directors or executive officers. Ricker will continue to serve as the principal accounting officer.
This information is based on a statement included in BigBear.ai’s Form 8-K filing with the Securities and Exchange Commission.
In other recent news, BigBear.ai has announced several strategic developments. The company revealed a partnership with Tsecond, Inc. to enhance AI-enabled edge infrastructure for U.S. national security operations. This collaboration integrates BigBear.ai’s ConductorOS with Tsecond’s BRYCK platform, aiming to improve the deployment of AI solutions at tactical edge locations. Additionally, BigBear.ai will play a significant role in the upcoming UNITAS 2025 maritime exercise, deploying advanced AI technologies for the U.S. Naval Forces Southern Command. The exercise will involve approximately 8,000 personnel from 26 nations, showcasing AI-powered capabilities in maritime operations.
Furthermore, BigBear.ai has implemented its Enhanced Passenger Processing technology at Nashville International Airport, utilizing biometric systems to streamline customs procedures. The company’s stock has also experienced increased trading activity, with a notable surge in options trading volume. These developments highlight BigBear.ai’s growing involvement in national security and transportation sectors.
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