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): September 19, 2022
Blue Ocean Acquisition Corp
(Exact name of registrant as specified in its charter)
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Cayman Islands
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001-41112
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98-1593951
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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2 Wisconsin Circle,
7th Floor
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Chevy Chase, MD
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20815
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(Address of principal executive offices)
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(Zip Code)
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(240) 235-5049
(Registrant’s telephone number, including area code)
Not Applicable
(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:
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Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencements communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
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Title of each class
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Trading Symbol(s)
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Name of each exchange
on which registered
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Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
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The Nasdaq Stock Market LLC
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Class A ordinary shares, par value $0.0001 per share
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BOCN
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The Nasdaq Stock Market LLC
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Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
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BOCNW
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The Nasdaq Stock Market LLC
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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.
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Chief Executive Officer Resignation
As previously disclosed, on June 28, 2022, Paul Bascobert informed Blue Ocean Acquisition Corp (the “Company”) that he intended to
resign from his position as Chief Executive Officer, effective September 18, 2022. Mr. Bascobert remains a member of the Board of Directors (the “Board”) of the Company following his resignation as Chief Executive Officer.
Appointment of an Interim Chief Executive Officer
On September 19, 2022, the Board appointed Marcus Brauchli to the position of Interim Chief Executive Officer of the Company, effective
immediately, to serve in such capacity on an interim basis until a successor is identified and appointed by the Board.
Marcus Brauchli, age 61, has been Chairman of the Company since its inception. He has also been co-founder and managing partner of North
Base Media Ltd. since January 2014. He previously was vice president of Graham Holdings Company (NYSE: GHCO) and its predecessor, The Washington Post Co., from July 2008 until December 2013, where he developed digital opportunities for a group that
included The Washington Post, the Post-Newsweek television stations, the Cable One group and Slate, a digital site. From September 2008 to December 2012, he was the executive editor of The Washington Post (the “Post”) and oversaw the Post’s budget
and a newsroom of more than 700 journalists. He drove significant changes in the Post’s digital operation, which quadrupled its audience. Mr. Brauchli came to the Post from a 24-year career at Dow Jones & Co., where he was a vice president and
the top editor of The Wall Street Journal at the time the company was acquired by News Corp. in a $5.6 billion transaction. He ran WSJ’s budget and oversaw a global staff, with operations in Asia, Europe and the U.S., as well as the Marketwatch, a
digital site. He also was responsible for approving changes in the Dow Jones Industrial Average.
There is no arrangement or understanding between Mr. Brauchli and any other person pursuant to which he was appointed as Interim Chief Executive Officer
of the Company. There are no familial relationships between Mr. Brauchli and any director or executive officer of the Company that are required to be disclosed pursuant to Item 401(d) of Regulation S-K, and there are no current or proposed
transactions in which Mr. Brauchli has or will have a direct or indirect material interest and in which the Company is or will be a participant that require disclosure pursuant to Item 404(a) of Regulation S-K.
SIGNATURE
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.
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Blue Ocean Acquisition Corp
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Date: September 22, 2022
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By:
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/s/ Ankur Manglik
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Name:
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Ankur Manglik
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Title:
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Chief Financial Officer
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