{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-066176","form_type":"8-K","ticker":"BODI","cik":"0001826889","company_name":"Beachbody Company, Inc.","filed_at":"2023-11-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.794643+00:00","generated_at":"2026-06-07T21:38:07.108927+00:00","sec_items":["3.03","5.03","5.07","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Beachbody completes 1-for-50 reverse stock split; targets $165M cost savings by Dec 31, 2023","bullets":["Reverse split effective Nov 21, 2023; Class A shares reduced from 177.81M to 3.56M, Class X from 136.45M to 2.73M.","Board and stockholders authorized split ratio up to 1-for-50; adopted ratio of 1-for-50.","Company targets cumulative $165M cost savings by Dec 31, 2023 under turnaround plan begun in 2021.","Reverse split intended to help regain NYSE minimum closing price compliance and preserve listing.","Annual meeting results: nine directors elected, Deloitte ratified as auditor, executive compensation advisory vote passed."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-066176","json":"https://secwatch.observer/filing/0000950170-23-066176.json","markdown":"https://secwatch.observer/filing/0000950170-23-066176.md","text":"https://secwatch.observer/filing/0000950170-23-066176.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1826889/000095017023066176/0000950170-23-066176-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1826889/000095017023066176/body-20231120.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T21:38:07.108927+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a4c7d878fd4bce20c5a16d1060d062b4eac9a377","claim":"Beachbody Company, Inc.: Filed a certificate of amendment to effect a 1-for-50 reverse stock split of common stock (effective 2023-11-21).","evidence_excerpt":"On November 21, 2023, the Company filed a certificate of amendment (the “Certificate of Amendment”) to its Second Amended & Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect the Reverse Stock Split","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826889/000095017023066176/0000950170-23-066176-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-11-21"}],"fact_type":"governance_change"},{"claim_id":"2238525b856a025da42a55531d7517207ca68678","claim":"Beachbody Company, Inc. shareholders approved The ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-11-20 meeting.","evidence_excerpt":"The ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The selection was ratified by the votes indicated.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826889/000095017023066176/0000950170-23-066176-index.htm","confidence":0.99,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-11-20"}],"fact_type":"shareholder_vote"},{"claim_id":"36499b6363a2459c30a615c475772e367e677799","claim":"Beachbody Company, Inc. shareholders approved The advisory approval of the Company’s executive compensation at the 2023-11-20 meeting.","evidence_excerpt":"The advisory approval of the Company’s executive compensation. The advisory approval was obtained by the votes indicated.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826889/000095017023066176/0000950170-23-066176-index.htm","confidence":0.99,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-11-20"}],"fact_type":"shareholder_vote"},{"claim_id":"733c19d5e59b5349cd7211535bb4b1a1cc5aa589","claim":"Beachbody Company, Inc. shareholders approved Election of nine nominees to serve on the Board for a one-year term to expire at the 2024 annual meeting of stockholders at the 2023-11-20 meeting.","evidence_excerpt":"Election of nine nominees to serve on the Board for a one-year term to expire at the 2024 annual meeting of stockholders. The following nine directors were elected by the votes indicated.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826889/000095017023066176/0000950170-23-066176-index.htm","confidence":0.99,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-11-20"}],"fact_type":"shareholder_vote"},{"claim_id":"ca69dea40ff1872806c49ab463bcf5e79af9f3ae","claim":"Beachbody Company, Inc. shareholders approved The authorization of the Board to amend the Company's amended and restated Certificate of Incorporation to effect a reverse stock split of all of the Company's issued and outstanding common stock by a ratio in the range of 1-for-10 to 1-for-50 at the 2023-11-20 meeting.","evidence_excerpt":"The authorization of the Board to amend the Company's amended and restated Certificate of Incorporation to effect a reverse stock split of all of the Company's issued and outstanding common stock by a ratio in the range of 1-for-10 to 1-for-50. The proposal was approved by the votes indicated.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826889/000095017023066176/0000950170-23-066176-index.htm","confidence":0.99,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"reverse split"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-11-20"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}