secwatch.observer — SEC 8-K summary
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Issuer:     BEYOND MEAT, INC. (BYND)
CIK:        0001655210
Form:       8-K
Filed at:   2021-09-03T23:59:59+00:00
Accession:  0001655210-21-000195
Event type: leadership
Sentiment:  negative
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1655210/000165521021000195/0001655210-21-000195-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1655210/000165521021000195/bynd-20210903.htm
  HTML page:      https://secwatch.observer/filing/0001655210-21-000195

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