Amendment: SEC Form 10-K/A filed by Beyond Inc.
$BYON
Catalog/Specialty Distribution
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
Amendment No. 1
(Mark One)
| ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||||
For the fiscal year ended December 31 , 2023
| Or | |||||
| TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||||
For the transition period from to
Commission file number: 001-41850
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | ||||||||||
| (Address of principal executive offices) | (Zip code) | ||||||||||
(801 ) 947-3100
(Registrant's telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ý No o
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No ý
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý No o
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ý No o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
x | Accelerated filer | o | |||||||||
| Non-accelerated filer | o | Smaller reporting company | |||||||||
| 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. o
Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ý
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. o
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b). o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o No ý
The aggregate market value of voting and non-voting common equity held by non-affiliates of the registrant as of the last business day of the registrant's most recently completed second quarter (June 30, 2023), was approximately $1.5 billion based upon the last sales price reported by The Nasdaq Global Market, on which the registrant's shares were previously listed. For purposes of this disclosure, shares of Common Stock held by directors and certain officers and by others who may be deemed to be affiliates of the registrant have been excluded. The exclusion of such shares is not intended to, and shall not, constitute a determination as to which persons or entities may be affiliates as that term is defined in the federal securities laws.
There were 45,749,767 shares of the Registrant's common stock, par value $0.0001, outstanding on June 21, 2024.
DOCUMENTS INCORPORATED BY REFERENCE
Portion of the Registrant's proxy statement for the 2024 Annual Stockholders Meeting, filed March 28, 2024, are incorporated by reference into Part III of the Annual Report on Form 10-K originally filed on February 23, 2024, to the extent stated therein.
Auditor Name: KPMG LLP Auditor Location: Salt Lake City, Utah Auditor Firm ID: 185
Explanatory Note
This Amendment No. 1 to Form 10-K (this "Amendment") amends the Annual Report on Form 10-K of Beyond, Inc. (the "Company") for the year ended December 31, 2023, originally filed with the Securities and Exchange Commission (the "SEC") on February 23, 2024 (the "Original Form 10-K"). We are filing this Amendment solely to amend Part IV, Item 15 of the Original Form 10-K by replacing the consents of KPMG LLP ("KPMG"), Ernst & Young LLP ("EY") and Baker Tilly US, LLP ("Baker Tilly") previously filed as Exhibits 23.2, 23.3 and 23.5, respectively, to the Original Form 10-K.
As required by Rule 12b-15 under the Securities and Exchange Act of 1934, as amended, this Amendment also contains new certifications by the Company's Principal Executive Officer and Chief Financial Officer, which are filed as exhibits hereto.
Except as described above, this Amendment does not amend, update or change any other items or disclosures in the Original Form 10-K. Further, the Original Form 10-K has not been amended or updated to reflect events occurring after February 23, 2024. This Amendment should be read in conjunction with the Original Form 10-K.
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PART IV
ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
(a) The following documents are filed as part of this report:
(1) Financial Statements:
The financial statements are filed as part of the Original Form 10-K under "Item 8. Financial Statements and Supplementary Data" filed with the SEC on February 23, 2024.
(2) Financial Statement Schedules:
The financial statement schedules are filed as part of the Original Form 10-K under "Item 8. Financial Statements and Supplementary Data" filed with the SEC on February 23, 2024.
(3) Exhibits:
The exhibits required by Item 601 of Regulation S-K and Item 15(b) are listed in the Exhibits list below. The exhibits listed in the Exhibit Index are incorporated by reference herein.
(b) Exhibits
| Exhibit Number | Exhibit Description | Form | File No. | Exhibit | Filing Date | Filed Herewith | ||||||||||||||||||||||||||||||||
| 2.1* | 8-K | 000-49799 | 2.1 | June 13, 2023 | ||||||||||||||||||||||||||||||||||
| 3.1 | 10-Q | 000-49799 | 3.1 | July 29, 2014 | ||||||||||||||||||||||||||||||||||
| 3.2 | 8-K | 000-49799 | 3.2 | November 6, 2023 | ||||||||||||||||||||||||||||||||||
| 3.3 | 8-K | 000-49799 | 3.3 | November 6, 2023 | ||||||||||||||||||||||||||||||||||
| 4.1 | S-1/A | 333-83728 | 4.1 | May 6, 2002 | ||||||||||||||||||||||||||||||||||
| 4.2 | 10-K | 000-49799 | 4.2 | February 24, 2023 | ||||||||||||||||||||||||||||||||||
10.1(a) | 10-K | 000-49799 | 10.1 | March 18, 2019 | ||||||||||||||||||||||||||||||||||
10.2(a) | 8-K | 000-49799 | 10.1 | May 23, 2023 | ||||||||||||||||||||||||||||||||||
10.3(a) | 10-K | 000-49799 | 10.12 | February 21, 2013 | ||||||||||||||||||||||||||||||||||
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| Exhibit Number | Exhibit Description | Form | File No. | Exhibit | Filing Date | Filed Herewith | ||||||||||||||||||||||||||||||||
| 10.4 | 8-K | 000-49799 | 10.1 | May 7, 2014 | ||||||||||||||||||||||||||||||||||
| 10.5 | 8-K | 000-49799 | 10.1 | August 6, 2014 | ||||||||||||||||||||||||||||||||||
| 10.6 | 8-K | 000-49799 | 10.1 | September 8, 2014 | ||||||||||||||||||||||||||||||||||
| 10.7 | 8-K | 000-49799 | 10.2 | May 7, 2014 | ||||||||||||||||||||||||||||||||||
| 10.8 | 8-K | 000-49799 | 10.1 | September 23, 2014 | ||||||||||||||||||||||||||||||||||
| 10.9 | 8-K | 000-49799 | 10.19 | October 28, 2014 | ||||||||||||||||||||||||||||||||||
10.10(a) | 10-K | 000-49799 | 10.16 | March 13, 2020 | ||||||||||||||||||||||||||||||||||
| 10.11 | 8-K | 000-49799 | 1.1 | June 29, 2020 | ||||||||||||||||||||||||||||||||||
| 10.12 | 8-K | 000-49799 | 10.1 | March 12, 2020 | ||||||||||||||||||||||||||||||||||
| 10.13 | 8-K | 000-49799 | 10.2 | March 12, 2020 | ||||||||||||||||||||||||||||||||||
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| Exhibit Number | Exhibit Description | Form | File No. | Exhibit | Filing Date | Filed Herewith | ||||||||||||||||||||||||||||||||
| 10.14 | 8-K | 000-49799 | 10.3 | March 12, 2020 | ||||||||||||||||||||||||||||||||||
| 10.15 | 8-K | 000-49799 | 10.4 | March 12, 2020 | ||||||||||||||||||||||||||||||||||
10.16(a) | 8-K | 000-49799 | 10.1 | March 24, 2023 | ||||||||||||||||||||||||||||||||||
| 10.17 | 8-K | 000-49799 | 10.1 | January 25, 2021 | ||||||||||||||||||||||||||||||||||
| 10.18 | 8-K | 000-49799 | 10.1 | April 26, 2021 | ||||||||||||||||||||||||||||||||||
| 10.19 | 10-Q | 000-49799 | 10.1 | November 4, 2021 | ||||||||||||||||||||||||||||||||||
10.20(a) | DEF 14A | 000-49799 | Annex A | March 25, 2021 | ||||||||||||||||||||||||||||||||||
10.21(a) | 8-K | 000-49799 | 10.1 | November 6, 2023 | ||||||||||||||||||||||||||||||||||
| 21 | 10-K | 001-41850 | 21 | February 23, 2024 | ||||||||||||||||||||||||||||||||||
| 23.1 | 10-K | 001-41850 | 23.1 | February 23, 2024 | ||||||||||||||||||||||||||||||||||
| 23.2 | X | |||||||||||||||||||||||||||||||||||||
| 23.3 | X | |||||||||||||||||||||||||||||||||||||
| 23.4 | 10-K | 001-41850 | 23.4 | February 23, 2024 | ||||||||||||||||||||||||||||||||||
| 23.5 | X | |||||||||||||||||||||||||||||||||||||
| 24 | 10-K | 001-41850 | February 23, 2024 | |||||||||||||||||||||||||||||||||||
| 31.1 | 10-K | 001-41850 | 31.1 | February 23, 2024 | ||||||||||||||||||||||||||||||||||
| 31.2 | 10-K | 001-41850 | 31.2 | February 23, 2024 | ||||||||||||||||||||||||||||||||||
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| Exhibit Number | Exhibit Description | Form | File No. | Exhibit | Filing Date | Filed Herewith | ||||||||||||||||||||||||||||||||
| 31.3 | 10-K | 001-41850 | 31.3 | February 23, 2024 | ||||||||||||||||||||||||||||||||||
| 31.4 | X | |||||||||||||||||||||||||||||||||||||
| 31.5 | X | |||||||||||||||||||||||||||||||||||||
| 32.1 | 10-K | 001-41850 | 32.1 | February 23, 2024 | ||||||||||||||||||||||||||||||||||
| 32.2 | 10-K | 001-41850 | 32.2 | February 23, 2024 | ||||||||||||||||||||||||||||||||||
| 32.3 | 10-K | 001-41850 | 32.3 | February 23, 2024 | ||||||||||||||||||||||||||||||||||
| 97 | 10-K | 001-41850 | 97 | February 23, 2024 | ||||||||||||||||||||||||||||||||||
| 99.1 | 10-K | 000-49799 | 99.1 | February 24, 2023 | ||||||||||||||||||||||||||||||||||
| 99.2 | 10-K | 000-49799 | 99.2 | February 24, 2023 | ||||||||||||||||||||||||||||||||||
| 99.3 | 10-K | 001-41850 | 99.3 | February 23, 2024 | ||||||||||||||||||||||||||||||||||
| 99.4 | 10-K/A | 000-49799 | 99.4 | July 3, 2023 | ||||||||||||||||||||||||||||||||||
| 101 | The following financial statements from the Company's Annual Report on Form 10-K for the year ended December 31, 2023 formatted in Inline XBRL: (i) Consolidated Balance Sheets at December 31, 2023 and 2022; (ii) Consolidated Statements of Operations for the years ended December 31, 2023, 2022, and 2021; (iii) Consolidated Statements of Comprehensive Income (Loss) for the years ended December 31, 2023, 2022, and 2021; (iv) Consolidated Statements of Changes in Stockholders' Equity for the years ended December 31, 2023, 2022, and 2021; (v) Consolidated Statements of Cash Flows for the years ended December 31, 2023, 2022, and 2021; and (vi) Notes to Consolidated Financial Statements | 10-K | 001-41850 | 101 | February 23, 2024 | |||||||||||||||||||||||||||||||||
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| Exhibit Number | Exhibit Description | Form | File No. | Exhibit | Filing Date | Filed Herewith | ||||||||||||||||||||||||||||||||
| 104 | The cover page from the Company's Annual Report on Form 10-K for the year ended December 31, 2023, formatted in Inline XBRL (included as Exhibit 101) | X | ||||||||||||||||||||||||||||||||||||
__________________________________________
*Certain schedules and exhibits have been omitted pursuant to Item 6019a)(5) of Regulation S-K. The Reporting Company agrees to furnish supplementally a copy of any omitted schedule or exhibit to the SEC upon request.
(a)Management contract or compensatory plan or arrangement.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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, on June 24, 2024.
| BEYOND, INC. | ||||||||||||||
| By: | /s/ DAVID J. NIELSEN | |||||||||||||
| David J. Nielsen | ||||||||||||||
| President (Principal Executive Officer) | ||||||||||||||
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