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): March 420, 2026

_____________________________

Bridger Aerospace Group Holdings, Inc.

(Exact name of registrant as specified in its charter)

_____________________________

Delaware

001-41603

88-3599336

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

90 Aviation Lane

Belgrade, Montana

59714

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (406) 813-0079

_____________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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 $0.0001 per share

BAER

The Nasdaq Stock Market LLC

Warrants, each exercisable for one share of Common Stock at an exercise price of $11.50 per share

BAERW

The Nasdaq Stock Market LLC

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.

~~Retirement~~Resignation of ~~Eric~~James ~~Gerratt~~Muchmore as Chief ~~Financial~~ Legal Officer and Transition Agreement and General Release

AsOn ~~previously~~March ~~announced~~20, on2026, ~~November~~James 21Muchmore, ~~2025,~~Chief Legal ~~Eric~~Officer ~~Gerratt,~~and ~~the~~Executive ~~Chief~~Vice ~~Financial~~President ~~Officer~~ of Bridger Aerospace Group Holdings, Inc. (the “Company”), ~~will~~notified bethe ~~resigning~~Company ~~from~~of his decision to resign from his position as Chief ~~Financial~~Legal Officer, ~~effective~~and asExecutive ofVice ~~March~~President, 10effective April 3, 2026 (the “Separation Date”). In connection with Mr. ~~Gerratt~~Muchmore’s ~~will~~resignation, ~~continue~~Mr. ~~working~~Muchmore ~~with~~and the Company inentered into a ~~transitionary role~~Transition ~~until~~Agreement ~~his~~and General ~~retirement~~Release on(the ~~April~~“Transition 3Agreement”), ~~2026.~~dated On March 1025, 2026,. Pursuant to the ~~Company~~Transition ~~entered~~Agreement, ~~into~~in exchange for a ~~Retention~~release ~~and~~of ~~Transition~~claims, ~~Agreement~~Mr. ~~with~~Muchmore ~~Eric Gerratt,~~will ~~pursuant~~receive totransition ~~which~~benefits ~~the~~consisting ~~Company~~of ~~agreed~~(i) toa ~~pay~~lump ~~Mr.~~sum ~~Gerratt~~payment aof $~~180~~212,~~000~~500, ~~transition~~(ii) ~~fee,~~Company-paid COBRA ~~provide~~continuation ~~Mr.~~coverage ~~Gerratt~~for up to 12- months offollowing ~~health~~the ~~insurance~~Separation Date, and ~~permit~~(iii) ~~his~~acceleration ~~unvested~~of 108,893 outstanding unvested restricted stock units (“RSUs”) topreviously ~~continue~~granted to ~~vest~~Mr. ~~according to their original schedule~~Muchmore.

~~Appointment~~Executive ofSeverance ~~Anne Hayes as Chief Financial Officer~~Plan

On March 1024, 2026, (the ~~Company~~“Effective ~~announced~~Date”), the Compensation Committee (the ~~appointment~~ “Committee”) of ~~Anne~~the ~~Hayes~~Board asof Directors of the Company’s ~~Chief~~adopted ~~Financial~~the ~~Officer~~Bridger Aerospace Group Holdings, ~~effective~~Inc. asExecutive ofSeverance ~~March~~Plan ~~10,~~(the ~~2026~~“Plan”). ~~For~~On ~~her~~the ~~services~~Effective asDate, Sam Davis, the Company’s Chief Executive Officer, Anne Hayes, the Company’s Chief Financial Officer, ~~Ms.~~and ~~Hayes~~Bill ~~will~~Andrews, ~~continue~~the toCompany’s ~~receive~~Chief ~~her~~Operating ~~annual~~Officer, ~~base~~were each ~~salary~~designated ofas ~~$500~~eligible employees under the Plan (collectively,~~000~~ ~~and~~the ~~continue~~“Participants”), subject to betheir ~~eligible~~execution toof ~~receive~~a Participation anAgreement ~~annual~~containing ~~cash~~certain ~~bonus~~restrictive ~~of $150,000~~covenants.

~~Ms.~~The ~~Hayes,~~Plan ~~age~~provides ~~44,~~the ~~was~~following ~~named~~severance ~~Deputy Chief Financial~~payments ~~Officer~~and ofbenefits ~~the Company~~ in ~~November 2025. She previously served on~~ the ~~Company’s~~event ~~Board~~ of ~~Directors~~a ~~from~~termination ~~September 2023 until November 2025 as Chair~~ of ~~the~~employment ~~Audit~~by ~~Committee of~~ the ~~Board~~Company ofwithout ~~Directors.~~Cause ~~Ms.~~(as ~~Hayes~~defined ~~has worked~~ in ~~private~~the ~~equity~~Plan) ~~and~~or ~~venture~~a ~~capital~~resignation ~~for~~by ~~more than~~the 20Participant ~~years,~~for ~~most~~Good ~~recently~~Reason (as ~~Director~~defined atin ~~Quadrant~~the ~~Capital~~Plan) ~~Advisors from 2008 to 2025. She brings experience across assurance~~(each, ~~advisory, forensic accounting, and Sarbanes Oxley compliance from her work at PricewaterhouseCoopers and Councilor, Buchanan & Mitchell. Ms. Hayes is~~ a ~~Certified~~“Qualifying Public Accountant and has served as CFO of several private companies, including Davinci Energy. Ms. Hayes received her Bachelor of Science in Finance with honors from Villanova University and Master of Science in Finance with honors from the University of Denver Daniels College of Business.Termination”):

~~There~~· ~~are~~a nocash ~~arrangements~~amount orequal ~~understandings~~to ~~between~~the ~~Ms.~~product ~~Hayes~~of ~~and~~(i) ~~any other~~(x) ~~person~~for ~~pursuant~~the ~~to which she was appointed as~~ Chief ~~Financial~~Executive Officer., Ms1.5 ~~Hayes~~and ~~does~~(y) ~~not~~for ~~have~~all aother ~~direct~~Participants, or1.0 ~~indirect~~and ~~material~~(ii) ~~interest in~~the ~~any~~Participant’s ~~transaction~~base ~~required~~salary, topayable bein ~~disclosed~~equal ~~pursuant~~installments toduring ~~Item~~the ~~404(a)~~applicable ofseverance ~~Regulation S-K.~~period;

~~Appointment~~· a cash amount equal to the Participant’s annual target bonus for the year of ~~Chief~~termination, ~~Operating~~payable ~~Officer~~in equal installments during the applicable severance period;

As· ~~previously~~payments ~~disclosed,~~for onCOBRA ~~March~~premiums 4,for ~~2026,~~up the Company announced the appointment of Adolphus “Bill” Andrews as the Company’s Chief Operating Officer, effective as of March 2, 2026. For his services as the Company’s Chief Operating Officer, Mr. Andrews will receive an annual base salary of $400,000 and will be eligible to ~~receive~~12 anmonths ~~annual cash bonus of $160,000. In addition, pursuant to an offer letter entered into between the Company and Mr. Andrews, Mr. Andrews is eligible to receive~~ (i)or a 2026 restricted stock unit (RSU) award with a grant date fair value of $500,000, vesting in one-third annual installments, (ii) an inducement award in the form of RSUs with a grant date fair value of $500,000, with 50% immediately vested upon grant and the remaining 50% vesting on the one-year anniversary of the grant date, (iii) reimbursement of reasonable, documented and customary relocation expenses up to ~~$90,000~~18 ~~and~~months ~~(iv)~~for ~~Company-funded temporary housing and a temporary vehicle until~~ the ~~earlier~~Chief ofExecutive (aOfficer); ~~eight months from Mr. Andrews’ start date~~ and ~~(b) the date Mr. Andrews secures permanent housing and transportation.~~

accelerated vesting of outstanding equity awards held by the Participant that are subject solely to time-based vesting conditions (such awards, “Qualifying Equity Awards”) that would otherwise have vested within 12 months (or 24 months for the Chief Executive Officer) following the Qualifying Termination.

The Plan provides the following enhanced severance payments and benefits to a Participant who experiences a Qualifying Termination within the 18-month period following the occurrence of a Change in Control (as defined in the Plan):

a cash amount equal to the product of (i) (x) for the Chief Executive Officer, 2.0 and (y) for all other Participants, 1.5 and (ii) the Participant’s base salary, payable in a lump sum;

a cash amount equal to the product of (i) 1.5 and (ii) the Participant’s annual target bonus for the year of termination, payable in a lump sum;

payments for COBRA premiums for up to 18 months (or up to 24 months for the Chief Executive Officer); and

accelerated vesting of certain Qualifying Equity Awards that would otherwise have vested within 24 months (or, for the Chief Executive Officer, all such awards regardless of when they would have become vested) following the Qualifying Termination.

Severance benefits under the Plan are subject to the Participant’s release of claims in favor of the Company and its affiliates.

Item 9.01

Financial Statements and Exhibits.

Exhibit No.		Description
99.1		Press Release by Bridger Aerospace Group Holdings, Inc., dated March 26, 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, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BRIDGER AEROSPACE GROUP HOLDINGS, INC.
Dated: March 11, 2026	By:	/s/ James Muchmore
Dated: March 26, 2026	By:	/s/ Sam Davis
		James Muchmore
		Sam Davis
		Chief Legal Officer
		Chief Executive Officer

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