Symbotic Inc. Reports Director Changes and Officer Compensation

Ticker: SYM · Form: 8-K · Filed: 2025-06-09T00:00:00.000Z

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

Key Players & Entities

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.

From the Filing

0001193125-25-137836.txt : 20250609 0001193125-25-137836.hdr.sgml : 20250609 20250609161856 ACCESSION NUMBER: 0001193125-25-137836 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 19 CONFORMED PERIOD OF REPORT: 20250605 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250609 DATE AS OF CHANGE: 20250609 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: 251034361 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 d91164d8k.htm 8-K 8-K false 0001837240 0001837240 2025-06-05 2025-06-05     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 5, 2025     SYMBOTIC INC. (Exact name of Registrant as Specified in Its Charter)       Delaware   001-40175   98-1572401 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.) 200 Research Drive   Wilmington , Massachusetts     01887 (Address of Principal Executive Offices)     (Zip Code) Registrant’s Telephone Number, Including Area Code: 978 284-2800   (Former Name or Former Address, if Changed Since Last Report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of 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 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). 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. Appointment of Izilda Martins as Chief Financial Officer On June 9, 2025, Symbotic Inc. (the “Company”) announced the appointment of Izil

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