---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-044775"
form_type: "8-K"
ticker: "BODI"
cik: "0001826889"
company_name: "Beachbody Company, Inc."
filed_at: "2024-04-16T23:59:59+00:00"
generated_at: "2026-06-03T22:23:57.852295+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Beachbody enters severance letter with President Michael Neimand: 0.5x salary (1x on CIC), equity vesting acceleration

## Summary
- Severance equal to 0.5x base salary (1x if termination within 12 months after change in control), paid over 6 months.
- Health insurance subsidy for 12 months; additional 12 months vesting on time-vesting equity (full acceleration on change in control).
- Severance conditioned on signing a general release of claims; cause and good reason definitions standard.
- Letter executed April 10, 2024; does not modify salary, benefits, or at-will status.

## SEC filing metadata
- accession: 0000950170-24-044775
- form_type: 8-K
- ticker: BODI
- cik: 0001826889
- company_name: Beachbody Company, Inc.
- filed_at: 2024-04-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826889/000095017024044775/0000950170-24-044775-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826889/000095017024044775/body-20240410.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-044775
- JSON: https://secwatch.observer/filing/0000950170-24-044775.json
- Plain text: https://secwatch.observer/filing/0000950170-24-044775.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.