Symbotic Inc. Files 8-K on Executive and Director Changes

Ticker: SYM · Form: 8-K · Filed: 2025-05-15T00:00:00.000Z

Sentiment: neutral

Topics: governance, executive-compensation, board-changes

Related Tickers: SYM

TL;DR

Symbotic filed an 8-K detailing executive/director compensation and board changes. No major financial news, but governance update.

AI Summary

Symbotic Inc. announced on May 12, 2025, changes in its executive and director compensation arrangements. The filing details the election of new directors and the appointment of certain officers, alongside updates to compensatory arrangements for key personnel. This 8-K filing provides transparency regarding the company's governance and executive remuneration.

Why It Matters

This filing provides insight into Symbotic's corporate governance and executive compensation strategies, which can influence investor confidence and company performance.

Risk Assessment

Risk Level: low — The filing primarily concerns corporate governance and executive compensation, with no immediate financial implications or significant operational changes disclosed.

Key Players & Entities

FAQ

What specific changes were made to executive and director compensation arrangements?

The filing indicates updates to compensatory arrangements for certain officers, but the specific details of these changes are not elaborated in the provided text.

Who are the newly elected directors or appointed officers?

The filing mentions the election of directors and appointment of officers, but their names are not specified in the provided excerpt.

What is the significance of the 'Compensatory Arrangements of Certain Officers' item?

This item typically details changes or new agreements related to the pay, bonuses, stock options, or other benefits provided to the company's top executives.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing was on May 12, 2025.

What is Symbotic Inc.'s primary business as indicated by its SIC code?

Symbotic Inc.'s Standard Industrial Classification (SIC) code is 3569, which corresponds to GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC.

From the Filing

0001193125-25-120805.txt : 20250515 0001193125-25-120805.hdr.sgml : 20250515 20250515161132 ACCESSION NUMBER: 0001193125-25-120805 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250512 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250515 DATE AS OF CHANGE: 20250515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Symbotic Inc. CENTRAL INDEX KEY: 0001837240 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC [3569] ORGANIZATION NAME: 06 Technology EIN: 981572401 STATE OF INCORPORATION: DE FISCAL YEAR END: 0927 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-40175 FILM NUMBER: 25953106 BUSINESS ADDRESS: STREET 1: 200 RESEARCH DRIVE CITY: WILMINGTON STATE: MA ZIP: 01887 BUSINESS PHONE: 978-284-2800 MAIL ADDRESS: STREET 1: 200 RESEARCH DRIVE CITY: WILMINGTON STATE: MA ZIP: 01887 FORMER COMPANY: FORMER CONFORMED NAME: SVF Investment Corp. 3 DATE OF NAME CHANGE: 20210128 FORMER COMPANY: FORMER CONFORMED NAME: SVF Investment III Corp. DATE OF NAME CHANGE: 20201218 8-K 1 d921613d8k.htm 8-K 8-K false 0001837240 0001837240 2025-05-12 2025-05-12     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM  8-K     CURRENT REPORT Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 12, 2025     SYMBOTIC INC. (Exact name of registrant as specified in its charter)       Delaware   001-40175   98-1572401 (State or other jurisdiction of incorporation or organization)   (Commission File Number)   (I.R.S. Employer Identification Number)   200 Research Drive Wilmington , MA   01887 (Address of principal executive offices)   (Zip Code) (987) 284-2800 Registrant’s telephone number, including area code     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Class A common stock, par value $0.0001 per share   SYM   The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. 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 On May 12, 2025, the Board of Directors (the “Board”) of Symbotic Inc. (the “Company”) approved an increase in the size of the Board from seven to eight members, effective May 14, 2025, and appointed Eric

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