Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On November 4, 2022, the board of directors (the "Board") of bleuacacia ltd (the
"Company") appointed Kat Peeler as a director and a member of the audit
committee effective as of November 4, 2022. The Board has determined that Ms.
Peeler is an independent director. Ms. Peeler will serve as a director of the
Company with a term of office that shall extend until the next annual meeting of
shareholders of the Company or, if earlier, the date of her resignation or
removal from the Board.
Since September 2016, Ms. Peeler has served as the Chief Executive Officer of
Eco Guar Group, a global value added B2B supplier of non-GMO Guar products with
a focus on sustainability and ethical community fair trade. Prior to this, Ms.
Peeler was a senior executive at L'Oreal, the beauty products company, from 1998
to 2015. Her roles included Senior Vice-President of Garnier consumer business.
Ms. Peeler received a Bachelor of Science in Engineering (BSE) degree from
Princeton University and a Master of Management (MM) degree from Kellogg School
of Management, Northwestern University.
On November 4, 2022, in connection with Ms. Peeler's appointment to the Board,
the Company and Ms. Peeler entered into (i) a joinder (the "Letter Agreement
Joinder") to the letter agreement (the "Letter Agreement") dated November 17,
2021, entered into by and among the Company, its officers, directors and senior
advisors at the time of the Company's initial public offering and bleuacacia
sponsor LLC (the "Sponsor"), which was filed as Exhibit 10.1 to the Company's
Current Report on Form 8-K filed on November 22, 2021 (the "Current Report"),
(ii) a joinder (the "Registration Rights Agreement Joinder") to the registration
rights agreement (the "Registration Rights Agreement") entered into by and among
the Company, the Sponsor and the holders party thereto, which was filed as
Exhibit 10.3 to the Current Report, under which Ms. Peeler will be granted
certain registration rights on the same terms as the other holders at the time
of the Company's initial public offering and (iii) an indemnity agreement (the
"Indemnity Agreement") on the same terms as the indemnity agreements entered
into by the directors and officers of the Company at the time of the Company's
initial public offering, a form of which was filed as Exhibit 10.6 to the
Current Report.
Other than the foregoing, Ms. Peeler is not a party to any arrangement or
understanding with any person pursuant to which she was appointed as a director,
nor is she a party to any transactions required to be disclosed under Item
404(a) of Regulation S-K involving the Company.
The foregoing descriptions of the Letter Agreement, the Letter Agreement
Joinder, the Registration Rights Agreement, the Registration Rights Agreement
Joinder and the Indemnity Agreement do not purport to be complete and are
qualified in their entireties by reference to the copies of those documents
which are attached hereto as Exhibit 10.1, 10.2, 10.3, 10.4 and 10.5,
respectively, and are incorporated herein by reference.
--------------------------------------------------------------------------------
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No. Description
10.1 Letter Agreement, dated November 17, 2021, by and among the Company, its
officers, directors and senior advisors and bleuacacia sponsor LLC
(incorporated by reference to Exhibit 10.1 to the Registrant's Current
Report on Form 8-K filed on November 22, 2021).
10.2* Joinder to the Letter Agreement, dated November 4, 2022, between the
Company and Kat Peeler.
10.3 Registration Rights Agreement, dated November 17, 2021, by and among the
Company, bleuacacia sponsor LLC and the other parties thereto
(incorporated by reference to Exhibit 10.3 to the Registrant's Current
Report on Form 8-K filed on November 22, 2021).
10.4* Joinder to the Registration Rights Agreement, dated November 4, 2022,
between the Company and Kat Peeler.
10.5 Form of Indemnity Agreement (incorporated by reference to Exhibit 10.6 to
the Registrant's Current Report on Form 8-K filed on November 22, 2021).
104 Cover Page Interactive Data File (formatted as inline XBRL)
--------------------------------------------------------------------------------
*Filed herewith
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses