secwatch.observer — SEC 8-K summary
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Issuer:     Beachbody Company, Inc. (BODI)
CIK:        0001826889
Form:       8-K
Filed at:   2025-02-28T23:59:59+00:00
Accession:  0001193125-25-042527
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beachbody enhances Interim CFO Brad Ramberg's severance package with new letter agreement
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- Brad Ramberg, Interim CFO with 18+ years tenure, receives new severance letter dated Feb 24, 2025.
- Severance: 0.5x base salary paid over 6 months (1x lump sum if termination within 12 months post-change-of-control).
- Benefits include 12 months subsidized health coverage and 12-month accelerated vesting of time-vesting equity awards.
- Full accelerated vesting of all time-vesting equity awards if termination occurs within 12 months after a change in control.
- Severance contingent on execution of release of claims; no other employment terms changed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826889/000119312525042527/0001193125-25-042527-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826889/000119312525042527/d863315d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-042527

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