8-K
filed July 1, 2021, 7:59 PM ET
ticker BODI
CIK 0001826889
M&A
confidence high
sentiment neutral
materiality 0.85
Beachbody closes SPAC merger with Forest Road; begins trading as BODY on NYSE
Beachbody Company, Inc.
- Business combination closed June 25, 2021; New Beachbody Class A and Class X common stock outstanding: 163,175,632 and 141,250,310 shares, respectively.
- PIPE placement of 22.5M shares at $10 each raised $225M before $4.375M placement agent fees.
- New board elected: Carl Daikeler (CEO), Mary Conlin, Michael Heller, Kevin Mayer, John Salter, Ben Van de Bunt.
- CFO Susan Collyns entered new employment agreement: $600K base, 75% target bonus, severance of 1x base and prorated bonus.
- Former Forest Road directors and officers resigned; Carl Daikeler and his trust hold 94.6% of Class X stock, giving 84.8% combined voting power.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas Staggs resigned as Director at Beachbody Company, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
At Closing, all incumbent directors and officers of Forest Road, Keith L. Horn, Zachary Tarica, Idan Shani, Salil Mehta, Thomas Staggs, Peter Schlessel, Martin Luther King III, Teresa Miles Walsh and Sheila A. Stamps, resigned.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Martin Luther King III resigned as Director at Beachbody Company, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
At Closing, all incumbent directors and officers of Forest Road, Keith L. Horn, Zachary Tarica, Idan Shani, Salil Mehta, Thomas Staggs, Peter Schlessel, Martin Luther King III, Teresa Miles Walsh and Sheila A. Stamps, resigned.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kevin Mayer was elected as Director at Beachbody Company, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
On June 25, 2021, in connection with the Special Meeting, Carl Daikeler, Mary Conlin, Michael Heller, Kevin Mayer, John Salter and Ben Van de Bunt were each elected to the Board of Directors of New Beachbody.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Zachary Tarica resigned as Director at Beachbody Company, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
At Closing, all incumbent directors and officers of Forest Road, Keith L. Horn, Zachary Tarica, Idan Shani, Salil Mehta, Thomas Staggs, Peter Schlessel, Martin Luther King III, Teresa Miles Walsh and Sheila A. Stamps, resigned.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Teresa Miles Walsh resigned as Director at Beachbody Company, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
At Closing, all incumbent directors and officers of Forest Road, Keith L. Horn, Zachary Tarica, Idan Shani, Salil Mehta, Thomas Staggs, Peter Schlessel, Martin Luther King III, Teresa Miles Walsh and Sheila A. Stamps, resigned.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mary Conlin was elected as Director at Beachbody Company, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
On June 25, 2021, in connection with the Special Meeting, Carl Daikeler, Mary Conlin, Michael Heller, Kevin Mayer, John Salter and Ben Van de Bunt were each elected to the Board of Directors of New Beachbody.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ben Van de Bunt was elected as Director at Beachbody Company, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
On June 25, 2021, in connection with the Special Meeting, Carl Daikeler, Mary Conlin, Michael Heller, Kevin Mayer, John Salter and Ben Van de Bunt were each elected to the Board of Directors of New Beachbody.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Carl Daikeler was elected as Director at Beachbody Company, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
On June 25, 2021, in connection with the Special Meeting, Carl Daikeler, Mary Conlin, Michael Heller, Kevin Mayer, John Salter and Ben Van de Bunt were each elected to the Board of Directors of New Beachbody.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Salter was elected as Director at Beachbody Company, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
On June 25, 2021, in connection with the Special Meeting, Carl Daikeler, Mary Conlin, Michael Heller, Kevin Mayer, John Salter and Ben Van de Bunt were each elected to the Board of Directors of New Beachbody.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Idan Shani resigned as Director at Beachbody Company, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
At Closing, all incumbent directors and officers of Forest Road, Keith L. Horn, Zachary Tarica, Idan Shani, Salil Mehta, Thomas Staggs, Peter Schlessel, Martin Luther King III, Teresa Miles Walsh and Sheila A. Stamps, resigned.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sheila A. Stamps resigned as Director at Beachbody Company, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
At Closing, all incumbent directors and officers of Forest Road, Keith L. Horn, Zachary Tarica, Idan Shani, Salil Mehta, Thomas Staggs, Peter Schlessel, Martin Luther King III, Teresa Miles Walsh and Sheila A. Stamps, resigned.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Peter Schlessel resigned as Director at Beachbody Company, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
At Closing, all incumbent directors and officers of Forest Road, Keith L. Horn, Zachary Tarica, Idan Shani, Salil Mehta, Thomas Staggs, Peter Schlessel, Martin Luther King III, Teresa Miles Walsh and Sheila A. Stamps, resigned.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Salil Mehta resigned as Director at Beachbody Company, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
At Closing, all incumbent directors and officers of Forest Road, Keith L. Horn, Zachary Tarica, Idan Shani, Salil Mehta, Thomas Staggs, Peter Schlessel, Martin Luther King III, Teresa Miles Walsh and Sheila A. Stamps, resigned.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Heller was elected as Director at Beachbody Company, Inc..
- Action
- elected
- Role
- Director
Exact text from the filing
On June 25, 2021, in connection with the Special Meeting, Carl Daikeler, Mary Conlin, Michael Heller, Kevin Mayer, John Salter and Ben Van de Bunt were each elected to the Board of Directors of New Beachbody.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Keith L. Horn resigned as Director at Beachbody Company, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
At Closing, all incumbent directors and officers of Forest Road, Keith L. Horn, Zachary Tarica, Idan Shani, Salil Mehta, Thomas Staggs, Peter Schlessel, Martin Luther King III, Teresa Miles Walsh and Sheila A. Stamps, resigned.
View on SEC.gov
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