Bark, Inc 8-K, filed May 26, 2022
Bark, Inc. (BARK)
8-K
2022-05-26
For: 2022-05-23
View Original
Added on
April 09, 2026
About this 8-K
Bark, Inc filed this 8-K on May 26, 2022, reporting on events of May 23, 2022.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date Earliest Event Reported):
(Exact name of registrant as specified in its charter)
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(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 | ||||||||||||
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 May 23, 2022, the Board of Directors (the “Board”) of BARK, Inc. (the “Company”) appointed Mr. David Kamenetzky as a new member of the Board, effective immediately.
Mr. Kamenetzky's appointment increased the size of the Board from six to seven members, and his term of office will expire at the Company’s 2024 annual meeting of stockholders or upon his successor being duly elected and qualified.
As a non-employee director, Mr. Kamenetzky is entitled to receive compensation arrangements in accordance with the Company’s Director Compensation Program, which currently includes an annual cash retainer of $40,000, paid in substantially equal quarterly installments, and an initial award of $300,000 in Restricted Stock Units (“RSUs”), which shall vest on the one-year anniversary of the grant date (subject to the director's continued service through the vesting date), and additional annual awards of 30,000 RSUs upon continuing service as of the respective dates of the Company's future annual meetings of stockholders, each of which shall vest on the one-year anniversary of such grant, provided that the annual awards shall become fully vested as of the day immediately preceding the next annual meeting, if sooner, subject in each case to the director's continued service through the vesting date. In addition, the Board appointed Mr. Kamenetzky to its Compensation Committee and to its Corporate Governance and Nominating Committee, having determined that he satisfied all applicable requirements to serve on such committees, including without limitation the applicable requirements of the New York Stock Exchange and the Securities Exchange Act of 1934, as amended to date. Mr. Kamenetzky shall receive additional annual cash retainers of $5,000 and $5,000, paid in substantially equal quarterly installments, for his service on such committees, respectively.
The Company will enter into its form of Indemnity Agreement with Mr. Kamenetzky, a copy of which has been filed as Exhibit 10.12 to the Company’s Registration Statement on Form S-1 as filed with the Securities and Exchange Commission on June 23, 2021.
There is no arrangement or understanding between Mr. Kamenetzky and any other persons pursuant to which Mr. Kamenetzky was appointed as a director. Furthermore, there are no transactions between Mr. Kamenetzky and the Company that would be required to be reported under Item 404(a) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description | |||||||
| 99.1 | ||||||||
| 104 | 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, Inc. | |||||
| By: | /s/ Allison Koehler | ||||
| Name: Allison Koehler | |||||
| Title: General Counsel | |||||
Date: May 26, 2022
DAVID KAMENETZKY JOINS BARK’S BOARD OF DIRECTORS
Highly Experienced Consumer Industry Leader Complements Board’s Existing Expertise
NEW YORK – May 25, 2022 – BARK, Inc. (“BARK” or the “Company”) (NYSE: BARK), a leading global omnichannel brand for dogs and their people with a mission to make all dogs happy, today announced the appointment of David Kamenetzky, a successful investor and former Mars Incorporated and Anheuser-Busch InBev executive, to the Company’s Board of Directors (the “Board”), effective May 23, 2022.
“As part of our ongoing commitment to delivering the best products and services at BARK, especially food, we are thrilled to welcome David to our Board,” said Matt Meeker, BARK’s Co-Founder, Executive Chairman, and Chief Executive Officer. “David is a highly respected consumer industry executive with a proven track record of scaling multi-billion-dollar consumer enterprises, including in the dog food industry at Mars. His strong business acumen and deep knowledge of all aspects of brand development, product distribution, capital allocation, and consumer trends will be instrumental as we seek to deliver long-term value for all our shareholders.”
Mr. Kamenetzky is a premier consumer and food technology investor and values-based leader, having most recently served as Chairman and Chief Executive Officer of JAB Holding Company. Previously, he was a member of the four-person Group Executive Committee at Anheuser-Busch InBev, with direct responsibility for strategy, legal, compliance, communications, government, and regulatory affairs. Before joining Anheuser-Busch InBev, he was a member of the leadership team at Mars Incorporated, the parent company of Pedigree Petfoods, Iams, and Royal Canin, where he helped oversee the company’s development into a world-leading marketing and services organization and embedded health and wellness trends across its portfolio. Mr. Kamenetzky presently serves as a member of the Board of Directors of Wedgewood Pharmacy and Kühne + Nagel International AG and is a strategic advisor to PetDX, One Vet, and Wildtype Foods.
“As a customer-first, digitally-native company with a purpose-driven approach to meeting the needs of dogs and their parents, I deeply admire BARK’s brand and mission, and their ability to execute,” said Mr. Kamenetzky. “I look forward to offering my strategic insights and perspective on what is an ever-evolving consumer landscape to BARK’s accomplished Board.”
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, personalized food and supplements, 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, personalized nutrition and meal plans with BARK Food; and health and wellness products that meet dogs’ 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