Bark, Inc. current report, 15 November 2022

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BARK, Inc. Form 8-K Summary

Business Context and Reporting Period

BARK, Inc. filed a Current Report on Form 8-K dated November 15, 2022, reporting the results of its annual meeting of stockholders. The filing was signed on November 21, 2022. BARK’s fiscal year ends March 31.

Financial Metrics and Capitalization

This filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating and financial metrics.

Material Changes and Voting Results

  • Director elections: Stockholders elected Betsy McLaughlin and Henrik Werdelin as Class A directors for three-year terms ending at the 2025 annual meeting.
  • Betsy McLaughlin: 77,205,277 votes for, 11,538,560 withheld, and 24,904,432 broker non-votes.
  • Henrik Werdelin: 81,007,082 votes for, 7,736,755 withheld, and 24,904,432 broker non-votes.
  • Independent auditor: Stockholders ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending March 31, 2023, with 110,865,399 votes for, 682,684 against, and 2,100,186 abstentions.
  • Executive compensation vote frequency: Stockholders approved an annual advisory vote on named executive officer compensation, with 87,376,764 votes for a one-year frequency. BARK stated it will hold the advisory vote every year until the next required frequency vote.

Guidance, Outlook, Risks, and Unusual Items

The filing contains no financial guidance, operating outlook, management commentary, risk updates, contingencies, or unusual financial items. Broker non-votes were reported in the director election and compensation-frequency vote.

Investor Verification Items

  • Verify the elected directors’ terms and any subsequent changes to board composition.
  • Confirm Deloitte & Touche LLP’s appointment for the fiscal year ending March 31, 2023.
  • Review subsequent filings for the annual advisory vote on executive compensation and related governance disclosures.
  • Consult BARK’s periodic financial filings for operating results, liquidity, debt, cash flow, and forward guidance, which are not included in this 8-K.