---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-229116"
form_type: "8-K"
ticker: "BODI"
cik: "0001826889"
company_name: "Beachbody Company, Inc."
filed_at: "2024-09-30T23:59:59+00:00"
generated_at: "2026-05-31T00:51:15.284031+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Beachbody transitions from MLM to affiliate program, cuts workforce by 33%, lowers revenue break-even to <$225M

## Summary
- Workforce reduction of ~33%; expects $6-8M cash severance charges in Q3 2024, $11M non-cash charges in Q4 2024.
- Overhead savings of $54M on annualized run-rate; revenue break-even point lowered from <$430M to <$225M.
- President Michael Neimand's position eliminated in connection with pivot; he declined alternative role.
- Reaffirms Q3 guidance: rev $97-107M, net loss $9-13M (excl. restructuring charges), Adj EBITDA $2-6M.
- New affiliate program launches Nov 1, 2024; MLM network to wind down by Jan 1, 2025.

## SEC filing metadata
- accession: 0001193125-24-229116
- form_type: 8-K
- ticker: BODI
- cik: 0001826889
- company_name: Beachbody Company, Inc.
- filed_at: 2024-09-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.05, 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826889/000119312524229116/0001193125-24-229116-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826889/000119312524229116/d822185d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-229116
- JSON: https://secwatch.observer/filing/0001193125-24-229116.json
- Plain text: https://secwatch.observer/filing/0001193125-24-229116.txt

## Key facts
- Executive change
  Michael Neimand departed as President at Beachbody Company, Inc..
  - Action: position eliminated
  - Role: President
  source text: On September 30, 2024, Michael Neimand, President, Beachbody, was provided notice that his position was being eliminated in connection with the Pivot and decided not to take an alternative position as offered by the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826889/000119312524229116/0001193125-24-229116-index.htm

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