Blue Bird CLO: $500K Base, $739K Bonus After 125% Kicker

Rear of a yellow school bus against a blue sky, for a general counsel salary story about bus maker Blue Bird
Photo: Lesli Whitecotton / Unsplash

Blue Bird Corporation, the Macon, Georgia school-bus maker, has put hard numbers on its top lawyer’s pay in a new Form 8-K filed with the SEC. Chief legal officer and general counsel Ted Scartz gets a raise to a $500,000 base salary, effective December 27. The bigger number is the bonus. The plan paid out at 200% of his target of 65% of base, and the compensation committee then added a 125% multiplier for “exceptional performance,” for a fiscal 2026 payout of $739,375. His long-term equity target stays at 125% of base.

So the bonus alone is nearly one and a half times the new salary. When you benchmark a general counsel salary, base is the least interesting line (the filing gives no total package). We ran the same exercise on what the GCs at Kodak, Thor and Winnebago took home. Based in Georgia? See who’s hiring on our Georgia legal jobs page.

From the filing: “Mr. Scartz’s MIP payout will be consistent with the program payout of 200% of the MIP target of 65% of base salary; however, based upon the exceptional performance of Mr. Scartz managing numerous long term growth projects for the benefit of the Company, the Committee determined to award an additional multiplier of 125% of the total MIP award, resulting in a total Fiscal 2026 MIP payment of $739,375.”

Read: Blue Bird Corporation Form 8-K (Current Report) at SEC EDGAR