Beyond Meat COO Sanjay Shah departs; separation agreement provides $1M+ severance

BEYOND MEAT, INC.

COO Sanjay Shah stepped down effective August 27, 2021; formal separation agreement signed Sept 3.
Lump sum severance of $1,000,500 plus $12,000 for COBRA premiums, payable by Oct 15, 2021.
Shah also eligible for pro-rated Q3 bonus based on performance goals and days worked in Q3.
Agreement includes waiver/release, non-disparagement, and arbitration provisions; 21-day consideration period.
Shah's unvested equity awards forfeited; vested options remain exercisable for 3 months post-separation.

item 5.02 item 9.01

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Departed

Sanjay Shah

Chief Operating Officer

BYND · BEYOND MEAT, INC.

Effective: 2021-08-27
Filed: September 3, 2021, 7:59 PM ET

Sanjay Shah is stepping down as Beyond Meat, Inc.’s (the “Company”) Chief Operating Officer effective August 27, 2021.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Sanjay Shah departed as Chief Operating Officer at BEYOND MEAT, INC..

Action: stepped down
Role: Chief Operating Officer

Exact text from the filing

Sanjay Shah is stepping down as Beyond Meat, Inc.’s (the “Company”) Chief Operating Officer effective August 27, 2021.

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BEYOND MEAT, INC. filing history →

Source: SEC EDGAR

accession 0001655210-21-000195

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