0001819574-22-000089.txt : 20220826
0001819574-22-000089.hdr.sgml : 20220826
20220826085242
ACCESSION NUMBER: 0001819574-22-000089
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 15
CONFORMED PERIOD OF REPORT: 20220822
ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION: Regulation FD Disclosure
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20220826
DATE AS OF CHANGE: 20220826
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Bark, Inc.
CENTRAL INDEX KEY: 0001819574
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RETAIL STORES, NEC [5990]
IRS NUMBER: 834109918
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0331
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39691
FILM NUMBER: 221199798
BUSINESS ADDRESS:
STREET 1: 221 CANAL ST., FL 6
CITY: NEW YORK
STATE: NY
ZIP: 10013
BUSINESS PHONE: (855) 501-2275
MAIL ADDRESS:
STREET 1: 221 CANAL ST., FL 6
CITY: NEW YORK
STATE: NY
ZIP: 10013
FORMER COMPANY:
FORMER CONFORMED NAME: Original Bark Co
DATE OF NAME CHANGE: 20210603
FORMER COMPANY:
FORMER CONFORMED NAME: Northern Star Acquisition Corp.
DATE OF NAME CHANGE: 20200729
8-K
1
bark-20220822.htm
8-K
bark-20220822
(Exact name of registrant as specified in its charter)
Delaware
001-39691
85-1872418
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
221 Canal Street
New York, NY
10013
(Zip Code)
(Address of Principal Executive Offices)
(855) 501-2275
(Registrant’s telephone number, including area code)
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 13e-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, par value $0.0001
BARK
New York Stock Exchange
Warrants, each warrant exercisable for one share of Common Stock at an exercise price of $11.50 per share
BARK WS
New York Stock Exchange
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.
On August 26, 2022, BARK, Inc. (the “Company”) announced that Kevin Eyerman joined as its Vice President of Accounting, Controller, effective August 22, 2022. Howard Yeaton ceased serving in the capacity of interim Principal Accounting Officer of the Company effective as of August 22, 2022 and will continue to serve as the Company’s Interim Chief Financial Officer.
Mr. Eyerman, age 52, most recently served as Vice President, Global Controller, for Elite World Group, a global leader in fashion talent management, a position he held since June 2021. Prior to Elite World Group, he served as Chief Accounting Officer for Ideal Image Development Corp., a personal aesthetics and wellness company, from July 2019 to June 2021 and as Vice President, Corporate Controller for Globecomm Systems Inc., a global satellite communications company, from July 2018 to May 2019. Prior to that, Mr. Eyerman served as Corporate Controller for Napa Management Services Corporation, the practice management provider for the largest single-specialty, clinician-led anesthesia organization in the U.S., from October 2012 to April 2018.
Mr. Eyerman’s offer letter with the Company (the “Offer Letter”) provides for an annual compensation package consisting of a base salary of $285,000 and a target bonus opportunity of 30% of base salary (prorated for fiscal year 2023). Mr. Eyerman will also receive an initial grant of 75,000 restricted stock units (“RSUs”) and 25,000 options to purchase common stock of the Company (the “Options”) under the Company’s 2021 Equity Incentive Plan, of which 25% will vest August 10, 2023 and the balance will vest quarterly over twelve quarters in substantially equal amounts, subject to Mr. Eyerman’s continued employment. In addition, the Offer Letter provides for a one-time sign-on bonus in the amount of $40,000, 50% of which will be paid now and the balance will be paid on August 22, 2023, subject to Mr. Eyerman’s continued service and to repayment if Mr. Eyerman is terminated for cause or voluntarily resigns prior to August 22, 2023.
Mr. Eyerman will enter into the Company’s Severance and Change in Control Agreement and the Company’s Indemnity Agreement in the same form, respectively, entered into by the Company’s other executive officers.
There is no arrangement or understanding between Mr. Eyerman and any other persons pursuant to which Mr. Eyerman was selected as Vice President of Accounting, Controller of the Company. Furthermore, there are no transactions between Mr. Eyerman and the Company that would be required to be reported under Item 404(a) of Regulation S-K. No family relationships exist between Mr. Eyerman and any of the Company’s directors or executive officers.
Item 7.01 Regulation FD Disclosure.
The Company’s announcement, dated August 26, 2022, announcing the appointment of Mr. Eyerman is furnished as Exhibit 99.1 to this report.
The information in Item 7.01 of this report is furnished and shall not be treated as filed for purposes of the Securities Exchange Act of 1934, as amended.
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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.
BARK ANNOUNCES APPOINTMENT OF CONTROLLER AND VICE PRESIDENT OF ACCOUNTING
NEW YORK, August 26, 2022 — BARK, Inc. (NYSE: BARK) (“BARK” or the “Company”), a leading global omnichannel brand with a mission to make all dogs happy, today announced that Kevin Eyerman was appointed Controller and Vice President, Accounting.
“With over three decades of experience, Kevin brings valuable expertise across all aspects of financial reporting, accounting, and internal controls,” said Howard Yeaton, Interim Chief Financial Officer. “His proven track record of success is an important asset to our finance organization as we continue to grow our business and deliver across our key priorities.”
Mr. Eyerman most recently served as the Global Corporate Controller of Elite Word Group where he oversaw various financial functions including, accounting and budgeting. Prior to that role, he served as the Chief Accounting Officer of Ideal Image, where he managed all aspects of the company’s financial reporting and accounting functions. Mr. Eyerman began his career in public accounting with KPMG and PricewaterhouseCoopers where he served as a Senior Audit Manager prior to taking on roles of increasing financial responsibility at both publicly traded, and private-equity backed entities.
About BARK
BARK is the world’s most dog-centric company, devoted to making dogs happy with the best products, services and content. BARK’s dog-obsessed team applies its unique, data-driven understanding of what makes each dog special to design playstyle-specific toys, wildly satisfying treats, great food for your dog’s breed, effective and easy to use dental care, and dog-first experiences that foster the health and happiness of dogs everywhere. Founded in 2012, BARK loyally serves dogs nationwide with themed toys and treats subscriptions, BarkBox and BARK Super Chewer; custom product collections through its retail partner network, including Target and Amazon; its high-quality, nutritious meals made for your breed with BARK Food; and products that meet dogs’ dental needs with BARK Bright. At BARK, we want to make dogs as happy as they make us because dogs and humans are better together. Sniff around at bark.co for more information.
Contacts
Investors:
Michael Mougias
investors@barkbox.com
Media:
Garland Harwood
press@barkbox.com
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For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
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