secwatch.observer — SEC 8-K summary
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Issuer:     Beachbody Company, Inc. (BODI)
CIK:        0001826889
Form:       8-K
Filed at:   2022-04-20T23:59:59+00:00
Accession:  0001193125-22-110127
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Beachbody CFO Sue Collyns to depart May 31; Marc Suidan appointed as new CFO
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- Sue Collyns will leave as President and CFO effective May 31, 2022; will consult through May 2023.
- Marc Suidan appointed CFO effective May 10, 2022; previously a partner at PwC and Global Tech, Media and Telecom Leader.
- Suidan receives annual base salary of $525,000, target bonus of 75% of salary, and equity awards with $2M aggregate grant-date value.
- Severance for Suidan includes 12 months salary, prorated target bonus, 12 months healthcare, and additional equity vesting.
- Collyns eligible for severance per employment agreement; stock options remain outstanding and vest based on consulting services.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826889/000119312522110127/0001193125-22-110127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826889/000119312522110127/d321584d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-110127

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