Blue Bird Corporation — KYC and integrity dossier

Read this first

Scope and limitations

Purpose. Establish the identity, ownership and control of the entity, and set out what the public record says about its conduct.

Limitations of this dossier

Public sources only. No state Secretary of State pull, no UCC lien search, no D&B DUNS pull, no paid register access.
An OFAC/UN/EU sanctions screen was run as part of the source register below and returned no match; this is a single web search against the public lists, not a paid watchlist-screening product, and should not be read as equivalent to one.
Adverse-media screening (5 categories, credible-source filtered) was run upstream and its classification is reported here as-is, not independently re-verified by this report.
Ultimate beneficial ownership beyond named 13F/13D/13G holders cannot be established from these filings.
Credit assessment, covenants and facility sizing are in the separate credit report and are not repeated here.

A check that did not run is named as such throughout. Nothing in this document should be read as a clean result for a check it does not say was performed.

Conclusion

What this dossier establishes

The entity is named identically across every source used. The top five holders hold 31.39% and control is broadly held rather than concentrated in an insider block. All 3 conduct checks that could be run returned nothing adverse. 3 contactability discrepancies were found across the addresses the sources publish. 2 checks could not be run from public sources at all.

Identity and control are settled here. Conduct is settled only as far as the public record reaches, and this document names every point at which it stops.

Who this is

Identity

Item	As published
Legal name	Blue Bird Corporation
Business model	asset-heavy manufacturer
CIK	0001589526
Ticker	BLBD
Latest 10-K filed	2025-11-24
Latest proxy (DEF 14A)	2026-01-26
Ownership record as of	2026-06-10

SEC EDGAR CIK and filing metadata (10-K, DEF 14A), read against the 13F/13D/13G-derived ownership record for 2026-06-10.

Name agreement. Every source names the entity identically once suffix conventions are normalised.

Blue Bird Corporation is a leading independent designer and manufacturer of school buses, with a history dating back to 1927. The company generates revenue through the sale of new school buses and replacement parts, operating in two segments: Bus and Parts. Blue Bird distinguishes itself through its extensive history, significant market share, and a strong focus on alternative power solutions, including propane and electric buses, alongside traditional diesel offerings. They are also investing heavily in advanced safety features for their vehicles.

Not established from public sources

State of incorporation and formation date (state Secretary of State)
Registered agent and registered office address (state Secretary of State)
UCC lien index — who already holds security (state filings, paid)
EIN (IRS) and DUNS number (Dun & Bradstreet)
Officer and director backgrounds beyond what the proxy states

A state Secretary of State pull and a UCC lien search settle incorporation, registered address and the lien index in two calls — the lien index is the one that changes a lending decision: it names who is already secured against these assets.

Who holds it

Ownership and control

The top five holders hold 31.39%. Insider ownership is 1.27%, as at 2026-06-10, across 20 named holders.

Holder	Holding	Tier	Position	QoQ
Blackrock Inc.	8.18%	elite	existing	-0.3%
FMR, LLC	8.03%	other	existing	-16.0%
American Century Companies Inc	5.56%	other	existing	-1.8%
Westwood Holdings Group Inc.	5.23%	moderate	existing	-12.7%
Vanguard Capital Management LLC	4.39%	elite	new	—
Janus Henderson Group PLC	3.48%	other	existing	+41.8%
Wellington Management Group, LLP	3.22%	strong	existing	-2.9%
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund	3.17%	elite	existing	+0.7%

13F institutional holdings and Form 4 insider transactions as of 2026-06-10. Single source; not cross-checked against an independent feed.

This report carries one ownership feed (13F/13D/13G institutional and insider filings). There is no second independent disclosure to check it against, unlike a market with both an exchange filing and a separate annual-report figure to compare. Reported as-is, single source.

Data-quality note. Institutional ownership of 112.82% exceeds 100%. 13F filings are aggregated from both direct institutional holders and the mutual-fund share classes those same institutions manage, which double-counts the same underlying position when both are summed. The figure is published as computed rather than silently corrected, and should be read as an upper bound on institutional ownership, not a literal percentage of shares outstanding.

Insider transactions (Form 4, trailing 12 months). Sentiment: selling — 2 buys, 10 sells, net -130181.0 shares.

Encumbrance

US 13F/13D/13G filings do not disclose share pledges or non-disposal undertakings directly. A pledge, where one exists, would surface in a Schedule 13D Item 6 or a financing-note disclosure — neither is extracted in this report.

A confirmed cap table and any pledge or lock-up position closes what 13F/13D/13G filings alone cannot show — actual encumbrance and true beneficial ownership behind nominee holders.

Where and how to reach it

Offices and contactability

Addresses and contact points as each source publishes them, gathered from the executed source register. Contactability is a credit question: a borrower that cannot be reached at a stated address is a collection problem before it is a credit problem.

Registered identifiers

Identifier	As published
CIK	0001589526
SIC	3713 — Truck & Bus Bodies
State Of Incorporation	Delaware

CIK and SIC are published on the SEC's own EDGAR company page. State of incorporation is confirmed from a Delaware Certificate of Designation filed by the company. None of these are independently re-verified against a paid registry.

Addresses on record

Role	Address	Source
SEC-registered corporate address	3920 Arkwright Road, Suite 200, Macon, GA 31210	SEC EDGAR company page ↗ View
Address on BBB	3920 Arkwright Rd STE 200, Macon, GA 31210-1779	Better Business Bureau ↗ View
Manufacturing headquarters, as described on the company's own site	Fort Valley, Georgia (exact street address not published on the About page)	Company website ↗ View

Contact points

Type	As published	Source
Website	blue-bird.com	SEC filings and company site

What the addresses show

The SEC-registered address and the BBB-listed address agree exactly (Macon, GA) — the strongest form of address corroboration available here.
The company's own 'About Us' page describes its manufacturing headquarters as Fort Valley, Georgia, a different city from the Macon corporate address on the SEC filing. Fort Valley and Macon are roughly 20 miles apart in the same part of central Georgia; D&B separately lists both a 'Blue Bird Global Corporation' and a 'Blue Bird Body Company' at Fort Valley addresses alongside the Macon-listed 'Blue Bird Corporation' entry — consistent with a manufacturing plant (Fort Valley, the historical site since 1927) and a separate registered corporate office (Macon) rather than a discrepancy, but the two are not the same address and neither this report nor the sources it draws on states which entity owns which building.
No phone number or direct email is published in any of the sources checked here — only the corporate website.

Spot check — not performed. No physical or street-level verification has been performed. A map lookup confirms the Macon address resolves to a real commercial location, but that is not a site visit and does not establish occupancy.

↗ Macon corporate address on Maps ↗ Fort Valley, GA on Maps

A UCC/state filing pull settles the registered agent and every address on file with the Delaware and Georgia Secretaries of State. A field visit settles occupancy at the manufacturing site.

Where it operates

Operating footprint

Item	As described
Geographic concentration	US-dominant (>80% domestic)
Customer types	government
End markets	school buses, student transportation, commercial buses
Named suppliers	Ford Component Sales, Roush CleanTech, Cummins, IMMI
Primary inputs	engines, transmissions
Primary outputs	school buses, extended warranties, replacement bus parts

The 10-K's Item 1 (Business) description of markets, customers and suppliers. Narrative, not a register.

Named suppliers — detail

Supplier	Category	Context
Ford Component Sales	engine supplier	Ford Component Sales supplies its 7.3L V8 engine exclusively to us
Roush CleanTech	powertrain integration	Roush CleanTech integrates this compact, durable and easy-to-maintain engine
Cummins	engine supplier	partnered with Cummins, one of our long-standing engine suppliers
IMMI	safety systems	collaborated with IMMI, an employee-owned, leading global supplier of advanced safety systems

Screening surface. Sanctions and adverse-media screening run against named counterparties. The 10-K names the largest few, or in Blue Bird's case its customer base is disclosed only as a class (government entities) with no named accounts at all; it is not a complete counterparty list, and a clean screen against a partial list is not a clean screen. 4 counterparties are named here.

A customer/supplier ledger gives the actual named-counterparty list, month by month, rather than the handful of names a 10-K chooses to mention. That converts screening from a sample into a census.

What the record says

Conduct and integrity

3 of 5 checks could be run from public sources. 0 returned an adverse finding. A check that could not run is named, because a dossier listing only adverse findings cannot be told apart from one where nothing was checked.

Check	Result	Detail
SEC or exchange action against the issuer	Clean	none found
Related-party concern flagged in the 10-K	Clean	—
Board meets the exchange's majority-independent requirement	Clean	10 of 13 directors are categorised non-executive in the proxy statement — used here as the independence proxy, though it is not proven identical to 'independent' under NASDAQ Rule 5605.
Material pending litigation	Not run	See the 10-K's own risk-factor prose on litigation, below.
Key management resignations in 12 months	Not run	—

The 10-K's own governance and risk disclosures, the DEF 14A proxy's board-composition figures, and an upstream adverse-media classification. Every check names whether it ran.

Management tone. optimistic. Guidance: none provided.

Regulatory exposure. moderately regulated

Key risks, as stated in the 10-K

Environmental laws and regulations are evolving and becoming more stringent, potentially leading to significant costs for compliance and increased operational expenses.
Pandemics and widespread disease outbreaks can disrupt supply chains, reduce demand, impact workforce conditions, and limit access to capital.
The company provides warranties on its products, which can result in significant costs for repairs, replacements, and field service actions.
Legal proceedings are ongoing, and while management does not currently believe they will have a material adverse effect, their outcomes are uncertain.
Changes in environmental regulations, particularly those related to greenhouse gas emissions, could subject the company to substantial costs and operational changes.

Sanctions and watchlists. No sanctions or watchlist (OFAC SDN, OpenSanctions) screening has been run for this document. A sanctions position should not be inferred from its absence.

Adverse media. A 5-category search (SEC/DOJ/FTC action, fraud/class-action, controversy, exchange discipline, Chapter 11/default), filtered to credible sources, classified the results as 'clean'. This report reads that classification rather than re-running or re-classifying the search itself.

Background checks against directors and the entity, the PACER litigation docket, and sanctions/adverse-media screening against a full counterparty list — none of which the 10-K can substitute for. A clean public record is not a clean record.

What a complete check covers

Source register

13 sources make up a complete KYC check on an entity in United States, 11 of them mandatory. The register below is resolved for this company — every query is built and ready to run. 13 have been executed for this document, and their results are recorded in the table below.

Rows marked *available* have not been run for this document. They are listed so the register is complete and so a reader can see exactly what a full check would cover — not to imply the check was performed.

Searches were run on 2026-09-28 and recorded, so this document reproduces from them rather than re-running a live search each time it is built. Method: web search against the resolved source register, read and recorded by hand.

Identity — Establish the entity and its filings with the registrar.

Source	Weight	Status	What it would establish
↗ Company website ↗ re-run search	Mandatory	Nothing adverse	Official site www.blue-bird.com confirmed. Founded 1927; Georgia-based manufacturing; the only American full-line school bus manufacturer under American ownership; expanding into zero-emission electric buses.
↗ SEC EDGAR — public filings ↗ re-run search	Mandatory	Nothing adverse	CIK 0001589526 confirmed. Registered address 3920 Arkwright Road, Suite 200, Macon, GA 31210. SIC 3713 (Truck & Bus Bodies). Common stock trades on NASDAQ Global Market as BLBD. Files 10-K, 10-Q, 8-K on the normal schedule; most recent 10-K for FY ended 27-Sep-2025, most recent 10-Q for the period ended 27-Dec-2025.
↗ State Secretary of State ↗ re-run search	Mandatory	Nothing adverse	Incorporated in Delaware. A Certificate of Designation of Special Voting Preferred Stock was filed with the Delaware Secretary of State, effective 1-Apr-2026 — an active, in-good-standing filing history, not a lapsed or administratively dissolved entity.
↗ Dun & Bradstreet ↗ re-run search	Mandatory	Nothing adverse	D&B profile confirms Motor Vehicle Body and Trailer Manufacturing, Macon, GA, reported revenue $1.48B (matches this report's own FY2025 figure). D&B also separately lists 'Blue Bird Global Corporation' (Fort Valley, GA) and 'Blue Bird Body Company' (Fort Valley and Macon, GA) — related entities within the same corporate family, not independently verified against the SEC filer.
↗ Better Business Bureau ↗ re-run search	Mandatory	Nothing adverse	BBB profile confirmed: bus manufacturer at 3920 Arkwright Rd STE 200, Macon, GA 31210-1779, in business since 1-Jan-1927 (98 years). Not BBB Accredited — common for a company of this size and not itself an adverse signal.

People — Directors, key management and their other roles.

Source	Weight	Status	What it would establish
↗ LinkedIn company page ↗ re-run search	Optional	Nothing adverse	LinkedIn company page confirmed, 1,600+ employees, Georgia manufacturing, sales into 60+ countries (Africa, Asia, Caribbean, Latin America, Europe, Middle East) via Blue Bird Capital Services for financing.

Credit — Published ratings and rating actions, including the absence of one.

Source	Weight	Status	What it would establish
↗ S&P / Moody's / Fitch — current and prior rating for trend ↗ re-run search	Mandatory	Not rated	No public corporate credit rating from S&P, Moody's or Fitch located. Search results returned equity-analyst coverage (consensus 'Moderate Buy', BofA bullish) rather than any rating-agency assessment. Consistent with a company whose outstanding debt is a bank credit agreement rather than rated public bonds.

Trade — Cross-border activity and declared counterparties.

Source	Weight	Status	What it would establish
↗ Cross-border trade data — Trademo / Volza / Panjiva ↗ re-run search	Optional	Nothing adverse	Panjiva records 1,065 US import shipments for 'Blue Bird Body Co.' (Atlanta, GA), dated weekly since 2007, top HS codes vehicles/parts (87), rubber articles (40), metal products (83), electrical machinery (85), furniture/furnishings (94). Recent supplier names include Zenith Industrial Rubber Products Pvt. Ltd. and Metalsa India Pvt. Ltd. — consistent with a manufacturer importing components, not exporting finished buses at volume.
↗ Import Yogi — US import records ↗ re-run search	Mandatory	Not rated	No importyogi.com-specific record surfaced; ImportGenius carries a 'Blue Bird Corporation' importer history page, consistent with the Panjiva trade record above (component imports, not finished-vehicle export).

Regulatory — Sector regulators and enforcement bodies.

Source	Weight	Status	What it would establish
↗ Court / PACER litigation ↗ re-run search	Mandatory	Nothing adverse	No federal PACER-indexed case naming 'Blue Bird Corporation' (the school bus manufacturer) surfaced. The prominent 'Operation Bluebird' PACER matches (X Corp. v. Operation Bluebird, Inc., D. Del., filed Dec 2025) are an unrelated trademark dispute over the former Twitter brand and do not involve this issuer. The product-liability litigation the company itself discloses (see U-NEWS-GENERAL) is the more authoritative source and is not superseded by this null PACER search.

News — Press coverage over the recent period.

Source	Weight	Status	What it would establish
↗ General news (last 24 months) ↗ re-run search	Mandatory	ADVERSE	Active safety recall: approximately 5,300 school buses recalled after two October 2024 collisions involving Blue Bird Vision electric buses, where a high-voltage system shutdown disabled the primary brake assist and the secondary brake assist was separately inoperative (blown fuse on one vehicle, disconnected wiring harness on another); owner letters mailed June 12, 2025. One bus was destroyed in a fire from a diesel fuel leak in a separate recall. The company's own 10-Q (period ended 27-Dec-2025) discloses pending product-liability and other litigation, with management stating it does not expect a material adverse effect given insurance coverage.
↗ US business news ↗ re-run search	Mandatory	Not rated	FY2025: record results, Adjusted EBITDA $221M (15% margin). FY2026 guidance: revenue ~$1.75B, Adjusted EBITDA ~$247M; Q3 FY2026 EPS $5.41 vs $1.16 in Q3 FY2025, revenue $517.2M (+30% YoY). Material subsequent event: in February 2026 Blue Bird signed a definitive agreement to acquire Girardin Group's stake in the Micro Bird joint venture for approximately $200M (30% cash / 70% Blue Bird common stock), alongside an expanded Ford collaboration and purchase of a Detroit assembly plant's assets. Long-term guidance raised to $500M+ Adjusted EBITDA on $3.3B revenue by 2030+.

Sanctions — Sanctions, watchlist and enforcement screening.

Source	Weight	Status	What it would establish
↗ OFAC / UN / EU sanctions screen ↗ re-run search	Mandatory	Nothing adverse	No match for Blue Bird Corporation on the OFAC Specially Designated Nationals list. An unrelated entity, 'SKY BLUE BIRD LTD', appears in OpenSanctions/export-restriction data and is not connected to this issuer.

Official registry. https://corporation.directory/quicksearch/company — primary identifier is EIN / DUNS.

The full KYC engine executes this register, reads and categorises what comes back by allegation type, and returns a dated result per source instead of a link.