NXH 8-K
Neighborhood Intelligence, Inc. (NXH)
8-K
2025-05-21
For: 2025-05-15
View Original
Added on
April 09, 2026
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 of earliest event reported)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of | (Commission File Number) | (I.R.S. Employer | ||||||||||||
| incorporation or organization) | Identification Number) | |||||||||||||
(Address of principal executive offices)
(801 ) 947-3100
(Registrant’s telephone number, including area code)
Not Applicable
(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 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 March 8, 2025, the Board of Directors (the “Board”) of Beyond, Inc. (the “Company”), upon recommendation by the Board’s Compensation Committee, approved an amendment to the Company’s Amended and Restated 2005 Equity Incentive Plan (the “Prior 2005 Plan”) to increase the individual award limits for purposes of the issuance of the awards granted to Marcus A. Lemonis, the Company’s Executive Chairman, on March 10, 2025 that exceed such limits, subject to stockholder approval of such amendment at the Company’s annual meeting of stockholders to be held in 2025 (the “2005 Plan Award Limit Amendment”).
On May 15, 2025, the Company held its 2025 annual meeting of stockholders (the “Annual Meeting”), at which the stockholders approved the 2005 Plan Award Limit Amendment.
A detailed description of the 2005 Plan Award Limit Amendment was set forth in Proposal 5 in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on March 28, 2025 (the “Proxy Statement”), which description is incorporated herein by reference and is qualified in its entirety by reference to the Amendment to the Amended and Restated Beyond, Inc. 2005 Equity Incentive Plan filed herewith as Exhibit 10.1.
Item 5.07 Submission of Matters to a Vote of Security Holders.
The Annual Meeting was held on May 15, 2025. There were 55,220,939 shares of stock outstanding eligible to be voted at the Annual Meeting, of which 38,910,257 shares of stock were presented in person or represented by proxy at the Annual Meeting, which constituted a quorum to conduct business. The following are the voting results for the proposals considered and voted upon at the Annual Meeting, all of which are described in detail in the Proxy Statement.
Proposal 1 - Election of Directors
The election of the individuals named below as members of the Board of Directors, to serve for a term of one year ending at the 2026 annual meeting of stockholders and until such person’s respective successor has been duly elected and qualified or until such person’s earlier death, resignation, or removal, was approved by the following vote:
| Name | For | Withheld | Broker Non-Votes | ||||||||
| Marcus A. Lemonis | 20,734,914 | 863,874 | 17,311,469 | ||||||||
| Joanna C. Burkey | 16,953,321 | 4,645,467 | 17,311,469 | ||||||||
| Barclay F. Corbus | 15,481,525 | 6,117,263 | 17,311,469 | ||||||||
| William B. Nettles, Jr. | 20,677,412 | 921,376 | 17,311,469 | ||||||||
| Debra G. Perelman | 20,613,500 | 985,288 | 17,311,469 | ||||||||
| Dr. Robert J. Shapiro | 20,521,959 | 1,076,829 | 17,311,469 | ||||||||
| Joseph J. Tabacco, Jr. | 16,628,927 | 4,969,861 | 17,311,469 | ||||||||
Proposal 2 - Ratification of Appointment of Independent Registered Public Accounting Firm
The ratification of the Audit Committee’s appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2025 was approved by the following vote:
| For | Against | Abstain | Broker Non-Votes | ||||||||
| 33,946,304 | 4,066,361 | 897,592 | 0 | ||||||||
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Proposal 3 – Say on Pay Vote
The approval, on an advisory (non-binding) basis, of the compensation paid by the Company to its named executive officers (the “Say on Pay Vote”), was approved by the following vote:
| For | Against | Abstain | Broker Non-Votes | ||||||||
| 14,762,976 | 6,659,358 | 176,454 | 17,311,469 | ||||||||
Proposal 4 – Amendment and Restatement of the Amended and Restated 2005 Equity Incentive Plan
The approval of an amendment and restatement of the Company’s Amended and Restated 2005 Equity Incentive Plan was not approved:
| For | Against | Abstain | Broker Non-Votes | ||||||||
| 11,104,169 | 9,668,750 | 825,869 | 17,311,469 | ||||||||
Proposal 5 – 2005 Plan Award Limit Amendment
The approval of an amendment to the Company’s Amended and Restated 2005 Equity Incentive Plan to increase the individual award limits for purposes of the issuance of the portion of the awards granted to Marcus A. Lemonis, the Company’s Executive Chairman and Principal Executive Officer, on March 10, 2025 that exceeded such limits was approved by the following vote:
| For | Against | Abstain | Broker Non-Votes | ||||||||
| 14,502,346 | 6,917,810 | 178,632 | 17,311,469 | ||||||||
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. | Description of Exhibit | ||||
| Amendment to the Amended and Restated Beyond, Inc. 2005 Equity Incentive Plan | |||||
104 | The XBRL tags on the cover page of this Form 8-K are embedded within the Inline XBRL document. | ||||
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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. | ||||||||
| BEYOND, INC. | ||||||||
| By: | /s/ Melissa Smith | |||||||
| Melissa Smith | ||||||||
| General Counsel and Corporate Secretary | ||||||||
| Date: | May 21, 2025 | |||||||
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Exhibit 10.1
AMENDMENT TO THE
BEYOND, INC.
AMENDED AND RESTATED 2005 EQUITY INCENTIVE PLAN
This Amendment (the “Amendment”) to the Beyond, Inc. Amended and Restated 2005 Equity Incentive Plan (as amended, the “2005 Plan”), is made and adopted by the Board of Directors (the “Board”) of Beyond, Inc., a Delaware corporation (the “Company”), effective as of March 10, 2025 (the “Effective Date”), subject to stockholder approval at the Company’s 2025 Annual Meeting of Stockholders. Capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings ascribed to such terms in the 2005 Plan.
RECITALS
A.The Company currently maintains the 2005 Plan.
B.The Board believes it is in the best interests of the Company and its stockholders to amend the 2005 Plan to increase the per participant annual limit on grants of performance shares from 250,000 performance shares to 675,000 performance shares for purposes of the award of performance shares to be granted to Marcus Lemonis, the Company’s Executive Chairman, on the Effective Date, of 500,000 performance shares (at “target” performance levels), with the opportunity to vest in up to 675,000 performance shares under the 2005 Plan (the “Lemonis Performance Shares Award”).
C.The Board believes it is in the best interests of the Company and its stockholders to amend the 2005 Plan to increase the per participant annual limit on grants of restricted stock units from 100,000 restricted stock units to 500,000 restricted stock units for purposes of the award of restricted stock units to be granted to Marcus Lemonis, the Company’s Executive Chairman, on the Effective Date, of 500,000 restricted stock units under the 2005 Plan (the “Lemonis Restricted Stock Units Award”).
D.Of the Lemonis Performance Shares Award, 425,000 of the performance shares subject to such award (assuming “maximum” achievement levels) exceed the per participant annual limit on awards of performance shares under the 2005 Plan as currently in effect (such portion, the “Contingent Performance Shares”), and are subject to stockholder approval of this Amendment at the Company’s 2025 Annual Meeting of Stockholders.
E.Of the Lemonis Restricted Stock Units Award, 400,000 of the restricted stock units subject to such award exceed the per participant annual limit on awards of performance shares under the 2005 Plan as currently in effect (such portion, the “Contingent Restricted Stock Units”), and are subject to stockholder approval of this Amendment at the Company’s 2025 Annual Meeting of Stockholders.
F.If the Company does not obtain requisite stockholder approval of the 2005 Plan Amendment as described herein, the Contingent Performance Shares granted to Mr. Lemonis will be automatically forfeited.
AMENDMENT
The 2005 Plan is hereby amended as follows, effective as of the Effective Date, subject to approval by the Company’s stockholders on the date of the 2025 Annual Meeting of Stockholders:
1. Section 7b. of the 2005 Plan is hereby deleted and replaced in its entirety with the following:
“b. Restricted Awards and Performance Share Annual Limit. No Participant shall be granted, in any Fiscal Year, more than 100,000 Shares of Restricted Stock or 100,000 shares of Restricted Stock Units; provided, however, that each such limit shall be 250,000 Shares in the Participant’s first Fiscal Year of Company service; provided, further, that such limit shall be 500,000 shares with respect to the Restricted Stock Units granted to Marcus Lemonis, the Company’s Executive Chairman, on March 10, 2025. No Participant shall be granted, in any Fiscal Year, more than 250,000 Performance Shares; provided, however, that such limit shall be 675,000 shares with respect to the Performance Shares granted to Marcus Lemonis, the Company’s Executive Chairman, on March 10, 2025.”
2. This Amendment shall be and hereby is incorporated into and forms a part of the 2005 Plan.
3. Except as expressly provided herein, all terms and conditions of the 2005 Plan shall remain in full force and effect.
4. In the event this Amendment is not approved by the Company’s stockholders at the Company’s 2025 Annual Meeting of Stockholders, this Amendment shall terminate and shall be of no further force or effect, and the Contingent Performance Shares and the Contingent Restricted Stock Units shall be forfeited. For the avoidance of doubt, however, Mr. Lemonis will retain any remaining portion of the Lemonis Performance Shares Award and the Lemonis Restricted Stock Units Award after such forfeitures.
IN WITNESS WHEREOF, the Company has caused this Amendment to be executed, effective as of March 10, 2025.
| BEYOND, INC. | |||||
By: /s/ Adrianne Lee | |||||
| Adrianne Lee | |||||
| Chief Financial and Administrative Officer | |||||