{"schema_version":"secwatch.filing_event.v1","accession":"0001653909-24-000012","form_type":"8-K","ticker":"BIRD","cik":"0001653909","company_name":"Allbirds, Inc.","filed_at":"2024-03-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.991315+00:00","generated_at":"2026-06-04T23:03:18.343772+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Allbirds appoints new CEO as Q4 net revenue falls 14.5%; net loss $56.8M","bullets":["CEO Joey Zwillinger steps down March 15; COO Joe Vernachio appointed CEO and to Board.","Q4 net revenue $72.0M (-14.5% YoY); net loss $56.8M ($0.37 diluted EPS).","Full year 2023 net revenue $254.1M (-14.7% YoY); net loss $152.5M ($1.01 diluted EPS).","Inventory down 51% to $57.8M; cash & credit facility $180M liquidity.","Adjusted EBITDA loss $78.4M for FY2023; margin declined to -30.9%."],"urls":{"canonical":"https://secwatch.observer/filing/0001653909-24-000012","json":"https://secwatch.observer/filing/0001653909-24-000012.json","markdown":"https://secwatch.observer/filing/0001653909-24-000012.md","text":"https://secwatch.observer/filing/0001653909-24-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1653909/000165390924000012/0001653909-24-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1653909/000165390924000012/bird-20240307.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T23:03:18.343772+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"de79481efdc7940439cfb18d17738dd3740d0949","claim":"Allbirds, Inc. reported full year ended December 31, 2023 results: revenue $254.1 million, net income $152.5 million loss, EPS $1.01 per basic and diluted share.","evidence_excerpt":"Full-year 2023 net revenue decreased 14.7% to $254.1 million compared to $297.8 million in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1653909/000165390924000012/0001653909-24-000012-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year ended December 31, 2023"},{"label":"Revenue","value":"$254.1 million"},{"label":"Net income","value":"$152.5 million loss"},{"label":"EPS","value":"$1.01 per basic and diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e41034093c26adbbff3a6128b09a47b31c4d1ab4","claim":"Allbirds, Inc. reported fourth quarter ended December 31, 2023 results: revenue $72.0 million, net income $56.8 million loss, EPS $0.37 per basic and diluted share.","evidence_excerpt":"Fourth quarter net revenue decreased 14.5% to $72.0 million versus a year ago; full year net revenue decreased 14.7% to $254.1 million versus a year ago. • Fourth quarter net loss of $56.8 million, or $0.37 per basic and diluted share; full year net loss of $152.5 million, or $1.01 per basic and diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1653909/000165390924000012/0001653909-24-000012-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$72.0 million"},{"label":"Net income","value":"$56.8 million loss"},{"label":"EPS","value":"$0.37 per basic and diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"256f93d3ea","claim":"Joe Vernachio was appointed as Class II Director at Allbirds, Inc..","evidence_excerpt":"Mr. Vernachio was also appointed to the Board, effective March 15, 2024, and will serve as a Class II director","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1653909/000165390924000012/0001653909-24-000012-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Class II Director"}],"fact_type":"executive_change"},{"claim_id":"46f34e8302","claim":"Joseph Zwillinger changed role as President, Chief Executive Officer and Secretary at Allbirds, Inc..","evidence_excerpt":"Joseph Zwillinger, the President, Chief Executive Officer and Secretary of the Company informed the Company’s Board of Directors (the “Board”) of his intention to transition from his role as President, Chief Executive Officer and Secretary, effective March 15, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1653909/000165390924000012/0001653909-24-000012-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"transitioned from"},{"label":"Role","value":"President, Chief Executive Officer and Secretary"}],"fact_type":"executive_change"},{"claim_id":"7e2d163d4d","claim":"Joe Vernachio was appointed as President, Chief Executive Officer and Secretary at Allbirds, Inc..","evidence_excerpt":"the Board appointed Joe Vernachio, the Company’s current Chief Operating Officer, to serve as President, Chief Executive Officer and Secretary of the Company, effective March 15, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1653909/000165390924000012/0001653909-24-000012-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President, Chief Executive Officer and Secretary"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}