Highest-materiality recent filing
Nine nominees elected: Mary Conlin (28,066,911 for), Carl Daikeler, Kristin Frank, Mark Goldston, Michael Heller, Ann Lundy, Kevin Mayer, John Salter, Ben Van de Bunt.
Beachbody posts Q1 net income of $2.3M, third consecutive profitable quarter; revenue down 25% YoY
Q1 revenue $54.3M vs $72.4M YoY; digital subs 0.81M (-20.6%), nutrition subs 0.06M (-25%).
BODi Q4 net income $5.2M, first full-year operating income since IPO; revenue down 36% YoY
Q4 revenue $55.5M (down 36% YoY); net income $5.2M vs loss of $34.6M last year, marking second consecutive profitable quarter.
Beachbody amends credit agreement, removes capex covenant, raises liquidity floor to $15M
Minimum liquidity increased from $12M to $15M; maximum capex covenant eliminated.
Beachbody (BODi) reports Q3 net income $3.6M, first since 2021 IPO; revenue $59.9M
Q3 revenue $59.9M (down 41% YoY) but net income $3.6M, first since going public in 2021.
Beachbody to transfer stock listing from NYSE to Nasdaq effective Sept 3, 2025
Notice provided to NYSE on Aug 20, 2025; last trading on NYSE expected Sept 2.
Beachbody Q2 revenue $63.9M, net loss narrows to $5.9M; sees Q3 adj. EBITDA $2-6M
Total revenue $63.9M (down 42% YoY), with digital $39.7M, nutrition $24.2M, connected fitness $0.1M.
All nine director nominees elected: Conlin, Daikeler, Frank, Goldston, Heller, Lundy, Mayer, Salter, Van de Bunt.
BODi Q1 revenue $72.4M (-39.7% YoY), net loss improves to $5.7M; new $25M loan facility
Revenue $72.4M vs $120.0M prior year; net loss $5.7M vs $14.2M; adjusted EBITDA $3.7M, sixth consecutive positive quarter.
Beachbody receives NYSE delisting notice for market cap/equity below $50M minimum
NYSE notified Beachbody on April 10 that avg. market cap was below $50M over 30 trading days and stockholders' equity also under $50M.
Beachbody COO Kathy Vrabeck retires effective April 1; equity awards accelerated
Kathy Vrabeck retired as COO of The Beachbody Company, effective April 1, 2025.
Beachbody Q4 revenue $86.4M, down 27% YoY; adjusted EBITDA positive for 5th consecutive quarter
Q4 revenue $86.4M (down 27% YoY) at high-end of guidance; gross margin 70.5% up 830 bps.
Beachbody enhances Interim CFO Brad Ramberg's severance package with new letter agreement
Brad Ramberg, Interim CFO with 18+ years tenure, receives new severance letter dated Feb 24, 2025.
Beachbody raises Executive Chairman salary to $500K, with $700K target upon loan payoff
Compensation Committee approved $500,000 base salary for Mark Goldston effective March 1, 2025.
COO Kathy Vrabeck to retire from Beachbody effective April 1, 2025
Kathy Vrabeck notified the company of her retirement as COO on February 11, 2025.
Beachbody adopts amended bylaws addressing universal proxy rules and proxy card color
Board approved amendments to Second Amended and Restated Bylaws effective December 12, 2024.
Beachbody amends executive option, reprices underwater options to $6.43
Committee amended Goldston's option covering 477,661 shares (post-1-for-50 split) to time-based vesting only, removing performance goals.
Beachbody Q3 revenue $102.2M (-20% YoY); net loss improves to $12.0M; positive Adj. EBITDA $10.1M
Revenue $102.2M vs $128.3M prior year; digital subs 1.11M (-19.7% YoY).
Beachbody amends credit facility: removes revenue covenant, adds EBITDA covenant, $3.2M prepayment
Removed minimum revenue covenant; added minimum EBITDA covenant for each fiscal quarter.
Workforce reduction of ~33%; expects $6-8M cash severance charges in Q3 2024, $11M non-cash charges in Q4 2024.
Beachbody appoints Brad Ramberg as Interim CFO, grants $100K RSU
Compensation Committee approved RSU award of $100,000 to Brad Ramberg on August 5, 2024.
Beachbody (BODI) Q2 revenue $110.2M, net loss narrows; positive adj. EBITDA
Q2 revenue $110.2M (down 18.4% YoY); net loss improved to $10.9M from $25.7M.
Beachbody CFO Marc Suidan to resign; Brad Ramberg appointed interim CFO
CFO Marc Suidan resigns effective August 15, 2024 to pursue other opportunities.
Beachbody stockholders approve 350,000 share increase to 2021 Incentive Award Plan
All nine director nominees elected; say-on-pay advisory vote approved.
Beachbody (BODi) reports Q1 revenue $120M, positive free cash flow $7.4M, first since 2020
Revenue $120.0M (down 17.2% YoY) beat midpoint of guidance; net loss improved to $14.2M from $29.2M.
Severance equal to 0.5x base salary (1x if termination within 12 months after change in control), paid over 6 months.
Beachbody amends term loan: revenue covenant lowered to $100M/quarter, $25.5M outstanding
Quarterly revenue floor reduced to $100M through Dec 2024, then $110M through Dec 2025.
Beachbody Q4 revenue $119M, net loss $65M; guides Q1 2024 positive free cash flow
Q4 total revenue $119.0M, down 19.7% YoY; digital subs 1.31M (-33%) and nutrition subs 0.16M (-25%).
Beachbody sells Van Nuys production facility for $6.2M, reduces term loan by $5.5M
Sold Van Nuys production facility (net carrying $4.8M) for $6.2M; entered 5-year lease with 2 three-year extension options.
Beachbody (BODY) to change ticker to 'BODI' effective March 4, 2024
Ticker changes from 'BODY' to 'BODI' at NYSE market open on March 4, 2024.
Beachbody sets 2024 annual meeting for June 4; announces new shareholder proposal deadlines
Annual meeting scheduled for June 4, 2024; prior submission deadlines no longer apply.
Beachbody amends credit facility; raises liquidity floor to $19M then $24M; consents to FMG sale
Consented to sale of all investments in Feed Media Group (FMG) for cash consideration not exceeding $1M.
Beachbody announces $5.3M registered direct offering of common stock and warrants
Gross proceeds of ~$5.3M from sale of 543,590 shares (or pre-funded warrants) at $9.75 per share.
Beachbody completes 1-for-50 reverse stock split; targets $165M cost savings by Dec 31, 2023
Reverse split effective Nov 21, 2023; Class A shares reduced from 177.81M to 3.56M, Class X from 136.45M to 2.73M.
Q3 2023 revenue $128.3M, down 23% YoY; net loss $32.7M, cash burn improves
Total revenue $128.3M vs $166.0M YoY; digital subs down 34% to 1.38M.
NYSE to delist Beachbody warrants due to abnormally low price levels
NYSE notified Beachbody on Oct 27, 2023 to delist redeemable warrants (BODY WS).
Beachbody sets Nov 20, 2023 annual meeting; proposal deadline Sept 30
2023 Annual Meeting scheduled for November 20, 2023.
Beachbody releases investor presentation with business updates; specifics not available
Investor presentation released on Sept 15, 2023 covering financial position and operations.
BODi Q2 revenue $134.9M (-25% YoY); net loss improved to $25.7M; Q3 guided $120-130M revenue
Revenue $134.9M vs $179.1M prior year; digital subs 1.53M (-33%).
Beachbody amends credit facility; covenants lowered, maturity shortened, $15M prepaid
Minimum revenue covenant set at $100M/qtr through Mar 2024, then $120M; liquidity floor $20M then $25M.
Beachbody appoints Mark Goldston as Executive Chairman; CEO Daikeler forfeits 8M shares
Mark Goldston appointed Executive Chairman effective June 15, 2023; replaces Carl Daikeler as Chairman; Daikeler remains CEO and director.
Beachbody Q1 revenue $144.9M (down 27% YoY), net loss improves to $29.2M from $73.5M
Total revenue $144.9M vs $198.9M YoY; digital subscriptions 1.75M (down 28.9%).
Beachbody dismisses EY as auditor, hires Deloitte; cites material weaknesses in internal controls
EY dismissed as independent auditor effective April 11, 2023; Deloitte & Touche engaged for fiscal 2023.
Beachbody files investor presentation; no specific material updates disclosed in excerpt
Company furnished an investor presentation on April 5, 2023, covering financial position and operations.
Beachbody Q4 2022 revenue $148.2M (-31% YoY); net loss $44.9M; Q1 outlook $135-140M
Total revenue $148.2M in Q4 2022, down 31% YoY; full-year revenue $692.2M, down 21%.
Filed petition on Feb 16, 2023 to validate 2021 charter increase of Class A common stock from 300M to 1.6B shares.
Beachbody restores CEO Daikeler's annual base salary to $850,000 effective Jan 1, 2023
Salary was reduced to $1/year in Nov 2021; restored to prior level of $850,000.
Beachbody expands board to eight, appoints Ann Lundy as director and Audit Committee chair
Ann Lundy appointed to Board of Directors and as Audit Committee Chair, effective January 3, 2023.
Beachbody receives NYSE non-compliance notice for share price below $1.00
Received NYSE deficiency letter Nov 23, 2022; average closing price below $1.00 over 30 trading days.
Beachbody Q3 revenue $165.9M beats guidance; net loss narrows to $33.9M
Revenue $165.9M (down 20% YoY) exceeded mid-point of guidance by 7%.
Kathy Vrabeck retired from the Company as its Chief Operating Officer, effective as of April 1, 2025.
On February 11, 2025, Kathy Vrabeck, Chief Operating Officer of The Beachbody Company, Inc. (the “Company”), notified the Company that she will retire from the Company, effective as of April 1, 2025.
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.
to be effective as of Mr. Ramberg’s appointment as the Company’s Interim Chief Financial Officer on August 15, 2024
Effective as of Mr. Suidan’s departure, Brad Ramberg, the Company’s Executive Vice President – Strategic Initiatives, will be appointed Interim Chief Financial Officer
On July 12, 2024, Marc Suidan, the Chief Financial Officer of The Beachbody Company, Inc. (the “Company”) informed the Company of his decision to resign from his position, effective August 15, 2024 to pursue other business opportunities.
Mr. Goldston was also appointed to serve as Executive Chairman of the Board.
Mr. Goldston’s appointment as Executive Chairman replaces the service of Carl Daikeler, the Company’s co-founder and Chief Executive Officer, in his capacity as Chairman of the Board, and Mr. Daikeler will continue serving as the Company’s Chief Executive Officer and director.
to appoint, as of the Effective Time, Ann Lundy to serve as a member of the Board, filling the vacancy on the Board resulting from such increase. Ms. Lundy was also appointed to serve as the chair of the Audit Committee of the Board.
On October 28, 2022, The Beachbody Company, Inc. (the “Company”) announced that Jonathan Congdon, Co-Founder and Vice Chairman of the Company, will retire from the Company to pursue other opportunities, effective December 31, 2022.
On May 10, 2022, The Beachbody Company, Inc.’s (the “Company”) Board of Directors (the “Board”) appointed Marc Suidan as the Company’s Chief Financial Officer, effective as of May 10, 2022.
Additionally, on May 10, 2022, the Board approved the appointment of Kathy Vrabeck as the Company’s Chief Operating Officer, effective retroactively as of April 15, 2022.
Max materiality 0.85 · Median 0.62 · Most common event earnings