--- 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" generated_at: "2026-06-07T21:38:07.108927+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.55 calibrated_materiality_score: 0.55 confidence: "high" source: SEC EDGAR --- # Beachbody completes 1-for-50 reverse stock split; targets $165M cost savings by Dec 31, 2023 ## Summary - 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. ## SEC filing metadata - 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 - event_type: other_material - sentiment: neutral - materiality_score: 0.55 - calibrated_materiality_score: 0.55 - confidence: high - sec_items: 3.03, 5.03, 5.07, 8.01, 9.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000950170-23-066176 - JSON: https://secwatch.observer/filing/0000950170-23-066176.json - Plain text: https://secwatch.observer/filing/0000950170-23-066176.txt ## Key facts - Governance Changes Beachbody Company, Inc.: Filed a certificate of amendment to effect a 1-for-50 reverse stock split of common stock (effective 2023-11-21). - Change: charter amendment - Effective: 2023-11-21 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1826889/000095017023066176/0000950170-23-066176-index.htm - Shareholder Votes 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. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-11-20 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1826889/000095017023066176/0000950170-23-066176-index.htm - Shareholder Votes Beachbody Company, Inc. shareholders approved The advisory approval of the Company’s executive compensation at the 2023-11-20 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-11-20 source text: The advisory approval of the Company’s executive compensation. The advisory approval was obtained by the votes indicated. evidence_url: https://www.sec.gov/Archives/edgar/data/1826889/000095017023066176/0000950170-23-066176-index.htm - Shareholder Votes 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. - Proposal: director election - Outcome: passed - Meeting: 2023-11-20 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1826889/000095017023066176/0000950170-23-066176-index.htm - Shareholder Votes 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. - Proposal: reverse split - Outcome: passed - Meeting: 2023-11-20 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1826889/000095017023066176/0000950170-23-066176-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.