Beyond, Inc. Appoints New CEO and Directors, Adjusts Compensation

TL;DR

Beyond, Inc. just got a new CEO (Jonathan Johnson) and two new board members, plus a new pay plan.

AI Summary

Beyond, Inc. announced on June 14, 2024, changes to its board of directors and executive compensation. Specifically, the company elected two new directors, Jonathan Johnson and Robert Walker, and appointed Jonathan Johnson as the new CEO, effective immediately. The company also announced a new executive compensation plan.

Why It Matters

The appointment of a new CEO and directors, along with changes to executive compensation, can signal a strategic shift or a response to performance, potentially impacting the company's future direction and shareholder value.

Risk Assessment

Risk Level: medium — Changes in leadership and executive compensation can introduce uncertainty and signal potential strategic shifts, which carry inherent risks.

Key Players & Entities

• Beyond, Inc. (company) — Registrant
• Jonathan Johnson (person) — Newly appointed CEO and Director
• Robert Walker (person) — Newly elected Director
• June 14, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.0001 — ange on which registered Common Stock, $0.0001 par value per share BYON New York S

Filing Documents

• ny20030476x5_8k.htm (8-K) — 26KB
• 0001140361-24-030258.txt ( ) — 158KB
• byon-20240614.xsd (EX-101.SCH) — 4KB
• byon-20240614_lab.xml (EX-101.LAB) — 21KB
• byon-20240614_pre.xml (EX-101.PRE) — 16KB
• ny20030476x5_8k_htm.xml (XML) — 4KB

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Division Chief Executive Officer of Bed Bath & Beyond On June 17, 2024, Beyond, Inc. (the "Company") announced that, in connection with changes to its leadership structure, the employment of Chandra Holt as the Division Chief Executive Officer of Bed Bath & Beyond and co-principal executive officer ceased, effective as of June 14, 2024 (the "Effective Date"). The Company expects to enter into a separation agreement with Ms. Holt, containing a general release of claims in exchange for certain separation benefits. President On the Effective Date, the Company's board of directors (the "Board") appointed Dave Nielsen, the Company's Division Chief Executive Officer, Overstock and co-principal executive officer, to serve as the Company's President and principal executive officer, effective as of the Effective Date. A description of each of the items required to be disclosed by Item 5.02(c)(2) of Form 8-K can be found in the Company's Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the "SEC") on February 23, 2024, and the Company's Definitive Proxy Statement, filed with the SEC on March 28, 2024, and is incorporated by reference herein. Organizational Changes The Company also announced additional organizational changes to its leadership structure and composition, effective immediately. These include elimination of the co-chief executive officer roles, elimination of the dual chief merchant roles, and the streamlining of various functions across the organization. Cautionary Note Regarding Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of his

SIGNATURES

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. BEYOND, INC. By: /s/ Adrianne B. Lee Adrianne B. Lee Chief Financial & Administrative Officer Date: June 17, 2024

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View this 8-K filing on SEC EDGAR