ThZeal - The Zeal

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): September 3, 2021

(Exact name of registrant as specified in its charter)

Delaware

001-38879

26-4087597

(State or other jurisdiction

of incorporation)

(Commission File Number)

(I.R.S. Employer

Identification Number)

El Segundo, California 90245

(Address of principal executive offices, including zip code)

(Registrant’s telephone number, including area code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:



☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.0001 par value

BYND

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously announced, Sanjay Shah is stepping down as Beyond Meat, Inc.’s (the “Company”) Chief Operating Officer effective August 27, 2021. In connection with Mr. Shah’s negotiated departure, on September 3, 2021, the Company entered into a separation agreement (the “Agreement”) with Mr. Shah pursuant to which the Company has agreed to pay Mr. Shah aggregate lump sum severance payments of $1,000,500, less all applicable withholdings and deductions, to be paid on or before October 15, 2021. The Company has also agreed to pay Mr. Shah $12,000, less all applicable withholdings and deductions, to pay COBRA premiums. Mr. Shah will also be entitled to receive a pro-rated bonus payment equal to the amount he would have earned had his employment with the Company continued through the end of the Company’s third fiscal quarter. The Agreement contains a waiver and release by Mr. Shah in favor of the Company as well as other covenants and agreements customary for agreements of this nature.

The foregoing description of the terms of the Agreement is qualified in its entirety by reference to the full text of the Agreement, a copy of which is attached hereto as Exhibit 10.1 and the terms of which are incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.


Exhibit Number						Description
10.1						Agreement, dated September 3, 2021 between Beyond Meat, Inc. and Sanjay Shah.
104						Cover Page Interactive Data File (embedded within the inline XBRL document).

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


BEYOND MEAT, INC.

By:			/s/ Teri L Witteman
			Teri L. Witteman
			Chief Legal Officer and Secretary

Date: September 3, 2021