Beyond, Inc. Files 8-K on Officer Changes and Compensation
Ticker: BBBY-WT · Form: 8-K · Filed: Feb 20, 2024 · CIK: 1130713
Sentiment: neutral
Topics: executive-changes, compensation, corporate-governance
TL;DR
**Beyond, Inc. just dropped an 8-K about changes in their executive team and how they're getting paid!**
AI Summary
Beyond, Inc. filed an 8-K on February 20, 2024, reporting an event that occurred on February 16, 2024. The filing pertains to the departure or election of directors or officers and their compensatory arrangements, as well as Regulation FD Disclosure and Financial Statements and Exhibits. The company, formerly Overstock.com, Inc., is based in Midvale, Utah.
Why It Matters
This filing signals potential shifts in leadership and executive compensation at Beyond, Inc., which could impact the company's strategic direction and financial performance.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can introduce uncertainty regarding future company strategy and stability.
Key Players & Entities
- Beyond, Inc. (company) — Registrant
- Overstock.com, Inc. (company) — Former company name
- February 16, 2024 (date) — Date of earliest event reported
- February 20, 2024 (date) — Filing date
- Midvale, Utah (company) — Business address location
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 16, 2024.
When was this 8-K filed with the SEC?
This 8-K was filed with the SEC on February 20, 2024.
What items are disclosed in this 8-K filing?
The 8-K discloses information regarding the Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; Regulation FD Disclosure; and Financial Statements and Exhibits.
What was the former name of Beyond, Inc.?
Beyond, Inc. was formerly known as Overstock.com, Inc.
Where is Beyond, Inc.'s principal executive office located?
Beyond, Inc.'s principal executive office is located at 799 W. Coliseum Way, Midvale, Utah 84047.
Filing Stats: 1,615 words · 6 min read · ~5 pages · Grade level 11.3 · Accepted 2024-02-20 07:32:09
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value per share BYON New York Stock
- $15 — nted to the Board, October 2, 2023, was $15.04, and the closing price of Beyond's C
- $25 — s Common Stock on February 16, 2024 was $25.89, an approximately 72% increase. Th
- $45.00 — s the stock price hurdles as follows: $45.00 Stock Price Hurdle: 500,000 of the stoc
- $45 — ary of the grant date equals or exceeds $45.00, subject to continued service throug
- $50.00 — ued service through the vesting date. $50.00 Stock Price Hurdle: 750,000 of the stoc
- $50 — ary of the grant date equals or exceeds $50.00, subject to continued service throug
- $60.00 — ued service through the vesting date. $60.00 Stock Price Hurdle: 1,000,000 of the st
- $60 — ary of the grant date equals or exceeds $60.00, subject to continued service throug
Filing Documents
- ostk-20240216.htm (8-K) — 36KB
- marcuschairpr.htm (EX-99.1) — 8KB
- 0001130713-24-000003.txt ( ) — 173KB
- ostk-20240216.xsd (EX-101.SCH) — 2KB
- ostk-20240216_lab.xml (EX-101.LAB) — 24KB
- ostk-20240216_pre.xml (EX-101.PRE) — 12KB
- ostk-20240216_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure On February 20, 2024, Beyond, issued a press release announcing the appointment described above. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information contained in this Item 7.01 and the press release furnished as Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and is not incorporated by reference into any of Beyond's filings under the Securities Act of 1933, as amended (the "Securities Act"), whether made before or after the date hereof, except as shall be expressly set forth by specific reference in any such filing.
Forward-Looking Statements
Forward-Looking Statements This Current Report on Form 8-K contains certain forward-looking statements within the meaning of Section 27A of the Securities Act and the Exchange Act. Such forward-looking statements include all statements other than statements of historical fact, including but not limited to statements about the grant of, and the expected terms of, the proposed Executive Chairman Performance Award described herein. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in Beyond's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, filed with the Securities and Exchange Commission (the "SEC") on February 24, 2023, as updated by Beyond's Form 10-Q for the quarter ended September 30, 2023, filed with the SEC on October 31, 2023, and in our subsequent filings with the SEC.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description of Exhibit 99.1 Press Release dated February 20, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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. BEYOND, INC. By: /s/ E. Glen Nickle E. Glen Nickle Chief Legal Officer Date: February 20, 2024 3