secwatch.observer — SEC 8-K summary
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Issuer:     Beachbody Company, Inc. (BODI)
CIK:        0001826889
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0000950170-24-127582
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Beachbody amends executive option, reprices underwater options to $6.43
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- Committee amended Goldston's option covering 477,661 shares (post-1-for-50 split) to time-based vesting only, removing performance goals.
- Option now vests 25% per year on anniversaries of June 15, 2023, subject to continued service.
- Board approved repricing of underwater options for eligible employees and named officers (excluding CEO and Board) to $6.43, the Nov 13, 2024 closing price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826889/000095017024127582/0000950170-24-127582-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826889/000095017024127582/body-20241113.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-127582

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer