Beyond Meat Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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Packaged Foods
Consumer Staples
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): March 12, 2025
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously disclosed on Form 8-K filed with the Securities and Exchange Commission on February 26, 2025 (the “Prior Form 8-K”), Beyond Meat, Inc. (the “Company”) announced that Akerho “AK” Oghoghomeh, the Company’s former Chief Marketing Officer, left the business as part of a reduction in force. His last day working was February 25, 2025, and his last day of employment was March 4, 2025.
In connection with his departure, on March 12, 2025, the Company and Mr. Oghoghomeh entered into a separation agreement (the “Oghoghomeh Separation Agreement”) pursuant to which the Company agreed to pay Mr. Oghoghomeh (a) a lump sum cash severance payment of $221,666.67, less all applicable withholdings and deductions, (b) premium payments for up to seven (7) months of COBRA continuation coverage, less all applicable withholdings and deductions, and (c) three (3) months of executive outplacement services, less all applicable withholdings and deductions. The Oghoghomeh Separation Agreement contains a general waiver and release of all claims by Mr. Oghoghomeh in favor of the Company and certain parties related to the Company, as well as other covenants and agreements customary for agreements of this nature. The foregoing description of the Oghoghomeh Separation Agreement is qualified in its entirety by reference to the full text of the agreement, a copy of which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number | Description | |||||||
10.1 | ||||||||
104 | Cover page interactive data file (embedded with the inline XBRL document) | |||||||
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 hereunto duly authorized.
| BEYOND MEAT, INC. | |||||
| By: | /s/ Lubi Kutua | ||||
Lubi Kutua | |||||
| Chief Financial Officer and Treasurer | |||||
Date: March 17, 2025