Symbotic Inc. Reports Director Changes and Officer Compensation
Ticker: SYM · Form: 8-K · Filed: Jun 9, 2025 · CIK: 1837240
| Field | Detail |
|---|---|
| Company | Symbotic Inc. (SYM) |
| Form Type | 8-K |
| Filed Date | Jun 9, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, officer-compensation, governance
TL;DR
Symbotic board shakeup: Robert Stavis out, David Dacquino in. Officer pay details also disclosed.
AI Summary
Symbotic Inc. filed an 8-K on June 9, 2025, reporting on the departure of director Robert J. Stavis and the election of new director David M. Dacquino. The filing also disclosed compensatory arrangements for certain officers and included Regulation FD disclosures and financial statements/exhibits. The company, formerly known as SVF Investment Corp. 3, is incorporated in Delaware and headquartered in Wilmington, Massachusetts.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Director changes and executive compensation disclosures can sometimes precede or coincide with significant strategic shifts or financial performance changes.
Key Numbers
- 001-40175 — SEC File Number (Identifies the company's filing history with the SEC.)
- 0927 — Fiscal Year End (Indicates the end of the company's annual accounting period.)
Key Players & Entities
- Symbotic Inc. (company) — Registrant
- Robert J. Stavis (person) — Departing Director
- David M. Dacquino (person) — Newly Elected Director
- SVF Investment Corp. 3 (company) — Former Company Name
- Delaware (jurisdiction) — State of Incorporation
- Wilmington, Massachusetts (location) — Company Headquarters
FAQ
Who has departed from the Symbotic Inc. board of directors?
Robert J. Stavis has departed from the board of directors of Symbotic Inc.
Who has been elected as a new director to Symbotic Inc.'s board?
David M. Dacquino has been elected as a new director to Symbotic Inc.'s board.
What is the exact date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on June 5, 2025.
What was Symbotic Inc. formerly known as?
Symbotic Inc. was formerly known as SVF Investment Corp. 3.
In which state is Symbotic Inc. incorporated?
Symbotic Inc. is incorporated in Delaware.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on June 9, 2025 by Robert J. Stavis regarding Symbotic Inc. (SYM).