Beachbody Company Reports Board & Executive Changes
Ticker: BODYW · Form: 8-K · Filed: Jul 12, 2024 · CIK: 1826889
| Field | Detail |
|---|---|
| Company | Beachbody Company, Inc. (BODYW) |
| Form Type | 8-K |
| Filed Date | Jul 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, compensation, board-of-directors
TL;DR
Beachbody's board is shaking up, new exec pay plans in play.
AI Summary
The Beachbody Company, Inc. filed an 8-K on July 12, 2024, reporting changes in its board of directors and executive compensation arrangements. Specifically, the filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial outlook, impacting investor confidence.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can indicate underlying business challenges or strategic realignments that may affect future performance.
Key Players & Entities
- The Beachbody Company, Inc. (company) — Registrant
- Forest Road Acquisition Corp. (company) — Former Company Name
- July 12, 2024 (date) — Date of Report
FAQ
Who has departed from The Beachbody Company, Inc.'s board or officer positions?
The filing indicates the departure of certain officers and directors, though specific names are not detailed in the provided excerpt.
Were new directors elected to The Beachbody Company, Inc.'s board?
Yes, the filing states that new directors have been elected.
What is the primary reason for this 8-K filing?
This 8-K filing is primarily to report the departure of directors or certain officers, the election of directors, and changes in compensatory arrangements of certain officers.
When was The Beachbody Company, Inc. formerly known as Forest Road Acquisition Corp.?
The date of name change from Forest Road Acquisition Corp. to The Beachbody Company, Inc. was October 1, 2020.
What is the principal executive office address for The Beachbody Company, Inc.?
The principal executive offices are located at 400 Continental Blvd, Suite 400, El Segundo, California 90245.
Filing Stats: 642 words · 3 min read · ~2 pages · Grade level 12.6 · Accepted 2024-07-12 16:24:01
Key Financial Figures
- $0.0001 — stered Class A Common Stock, par value $0.0001 per share BODI The New York Stock E
Filing Documents
- d848515d8k.htm (8-K) — 25KB
- 0001193125-24-178600.txt ( ) — 144KB
- bodi-20240712.xsd (EX-101.SCH) — 3KB
- bodi-20240712_lab.xml (EX-101.LAB) — 18KB
- bodi-20240712_pre.xml (EX-101.PRE) — 11KB
- d848515d8k_htm.xml (XML) — 4KB
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 thereunto duly authorized. The Beachbody Company, Inc. Date: July 12, 2024 By: /s/ Jonathan Gelfand Jonathan Gelfand Executive Vice President, Business & Legal Affairs, Corporate Secretary