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Bowman (NASDAQ: BWMN) outlines CLO succession as Robert Hickey retires

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(Moderate)
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Form Type
8-K

Rhea-AI Filing Summary

Bowman Consulting Group Ltd. announced that Robert Hickey plans to retire from the company effective December 31, 2026. He will resign as Chief Legal Officer, Secretary and Executive Vice President on May 1, 2026, and then serve as Senior Legal Advisor for the remainder of his employment with no change to his compensation or benefits.

The company states that Mr. Hickey’s retirement and resignation are not due to any disagreement regarding operations, policies or practices. Under a letter agreement, he will not participate in the 2026 Short Term Incentive Plan, will receive a one-time cash award on December 31, 2026, and previously granted restricted share and performance share unit awards will vest upon retirement. The Board has appointed Elizabeth Abdoo, currently Senior Legal Advisor, as Chief Legal Officer and Secretary effective May 1, 2026.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Retirement date December 31, 2026 Planned retirement of Robert Hickey from Bowman
Resignation effective date May 1, 2026 Hickey resigns as CLO, Secretary and EVP and Abdoo assumes roles
Letter agreement date April 17, 2026 Date of Hickey Letter Agreement filed as Exhibit 10.1
Short Term Incentive Plan financial
"contained information regarding Mr. Hickey’s ineligibility to participate in the Company’s Short Term Incentive Plan for 2026"
restricted share awards financial
"the vesting of previously granted restricted share awards and performance share unit awards upon his retirement"
Restricted share awards are grants of company stock given to employees or executives that cannot be sold or transferred until certain conditions—typically staying with the company for a set time or meeting performance goals—are met. They matter to investors because they can dilute existing shares when they vest, signal management’s incentives and confidence, and affect a company’s future earnings per share much like a delayed paycheck that becomes available only after you meet agreed milestones.
performance share unit awards financial
"the vesting of previously granted restricted share awards and performance share unit awards upon his retirement"
Understanding 8-K Material Events →
false 0001847590 0001847590 2026-04-17 2026-04-17
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 17, 2026

 

 

Bowman Consulting Group Ltd.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-40371   54-1762351

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

12355 Sunrise Valley Drive, Suite 520

Reston, Virginia 20191

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (703) 464-1000

 

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  ☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  ☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  ☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

  ☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class

  

Trading
Symbol(s)

  

Name of Each Exchange

on Which Registered

Common stock, par value $0.01 per share   BWMN   Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 

Item 5.02

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

On April 17, 2026, Robert Hickey notified Bowman Consulting Group Ltd. (“Bowman” or the “Company”) of his planned retirement from the Company, effective as of December 31, 2026, and his resignation as Chief Legal Officer, Secretary and Executive Vice-President of the Company effective as of May 1, 2026. For the period between Mr. Hickey’s resignation as Chief Legal Officer, Secretary and Executive Vice President and his retirement on December 31, 2026, Mr. Hickey has agreed to serve as a Senior Legal Advisor to the Company with no change to Mr. Hickey’s compensation or benefits for the remaining term of his employment. Mr. Hickey’s retirement and resignation is not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

In connection with Mr. Hickey’s retirement and resignation, the Company and Mr. Hickey executed a letter agreement (the “Hickey Letter Agreement”) which, among other matters, contained information regarding Mr. Hickey’s ineligibility to participate in the Company’s Short Term Incentive Plan for 2026, his entitlement to a one-time cash award on December 31, 2026, and the vesting of previously granted restricted share awards and performance share unit awards upon his retirement.

The foregoing description of the Hickey Letter Agreement is not complete and is qualified in its entirety by reference to the full text of the Hickey Letter Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

The Board of Directors has appointed Elizabeth Abdoo, who joined the Company in October 2020 and has been serving as Senior Legal Advisor, as Chief Legal Officer and Secretary of the Company effective May 1, 2026. Ms. Abdoo previously served for more than 18 years as General Counsel and Corporate Secretary of Host Hotels & Resorts, Inc. (NASDAQ:HST), an S&P 500 company and the nation’s largest lodging real estate investment trust.

 

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit
No.		    Description
10.1    Hickey Letter Agreement, dated April 17, 2026.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    BOWMAN CONSULTING GROUP LTD.
Date: April 17, 2026     By:  

/s/ Bruce Labovitz

      Bruce Labovitz
      Chief Financial Officer

Source: View Original Filing on SEC EDGAR

FAQ

What executive leadership changes did Bowman (BWMN) disclose on April 17, 2026?

Bowman disclosed that Robert Hickey will retire on December 31, 2026, and resign as Chief Legal Officer, Secretary and Executive Vice President on May 1, 2026. Elizabeth Abdoo will become Chief Legal Officer and Secretary effective May 1, 2026, ensuring a planned legal leadership transition.

When will Robert Hickey retire from Bowman (BWMN) and what is his interim role?

Robert Hickey will retire from Bowman on December 31, 2026. From his May 1, 2026 resignation as Chief Legal Officer, Secretary and Executive Vice President until retirement, he will serve as Senior Legal Advisor with no change to his compensation or benefits for the remaining employment term.

Why did Bowman (BWMN) say Robert Hickey is retiring and resigning from his roles?

Bowman stated that Robert Hickey’s retirement and resignation are not due to any disagreement with the company on operations, policies or practices. The disclosure frames his departure as a planned transition supported by a letter agreement covering incentives, a one-time cash award and equity award vesting.

What are the key terms of Robert Hickey’s letter agreement with Bowman (BWMN)?

The Hickey Letter Agreement states he is ineligible for Bowman’s 2026 Short Term Incentive Plan, will receive a one-time cash award on December 31, 2026, and that previously granted restricted share awards and performance share unit awards will vest upon his retirement. The full agreement is filed as Exhibit 10.1.

How does Bowman (BWMN) treat Robert Hickey’s compensation during his transition period?

During the period after May 1, 2026, Robert Hickey will serve as Senior Legal Advisor with no change to his compensation or benefits for the rest of his employment. Although he cannot participate in the 2026 Short Term Incentive Plan, he is entitled to a one-time cash award at year-end 2026.

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