Bowman Consulting Group Ltd. announced that CEO and Director Gary Bowman intends to retire and resign later in 2026 after delivering notice of non-renewal of his employment agreement on February 12, 2026. The company entered into an amended employment agreement with CFO Bruce Labovitz providing a $2,000,000 special bonus and extended the COO Daniel Swayze's agreement with retention equity awards.
Key takeaways
Gary Bowman, CEO and Director, delivered notice of non-renewal on February 12, 2026; employment expires December 31, 2026
Gary Bowman entitled to fully accelerated vesting of unvested equity awards upon non-renewal
Board initiated search for CEO successor; Bowman to serve as senior advisor post-transition
Bruce Labovitz, CFO, eligible for $2,000,000 special cash bonus payable April 1, 2027, subject to continued employment
Daniel Swayze, COO, initial employment term extended to December 31, 2028