Business Context and Reporting Period
Company: Once Upon A Farm, PBC
Filing Type: Form 8-K (Current Report)
Date of Report: May 05, 2026
Reporting Period: Event date May 05, 2026
Business Context: The Company is a Delaware public benefit corporation. This filing reports the entry into a material definitive agreement regarding an amendment to a personal brand services contract with co-founder and spokesperson Jennifer Garner.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial figure disclosed relates to the new contractual obligation:
- Additional Cash Consideration: $3.0 million
- Payment Schedule: To be paid over a two-year period beginning in January 2027.
- Condition: Payments are subject to the Spokesperson's continued service through each payment date.
Material Changes Versus Prior Period
The filing details a material change in contractual obligations rather than operational performance metrics compared to a prior period. The Company amended its existing "Amended and Restated Personal Brand Services and Spokesperson/Co-Founder Master Agreement" (dated June 10, 2025) to include additional compensation for advertising, marketing, and promotional activities.
Guidance, Outlook, Risks, and Unusual Items
Contractual Acceleration Risk: The filing highlights a specific contingency regarding the $3.0 million obligation. In the event of a change of control of the Company, or termination of the agreement by the Company for reasons other than "for cause" or by the Spokesperson for "good reason," any remaining unpaid portion of the $3.0 million would be accelerated and paid in full immediately.
Management Commentary: The filing states the description of the Amendment is not complete and refers to the full text filed as Exhibit 10.1. No forward-looking guidance on revenue or earnings is provided in this document.
Key Facts for Investor Verification
- Verify the total outstanding obligations under the original June 2025 agreement to assess the full scope of compensation to Jennifer Garner.
- Confirm the Company's current cash position to evaluate the impact of the $3.0 million payment schedule starting in January 2027.
- Review the definitions of "change of control," "for cause," and "good reason" in the full text of Exhibit 10.1 to understand the triggers for immediate acceleration of the $3.0 million payment.
- Note that the filing does not provide updated revenue or profitability data; investors should refer to the most recent 10-K or 10-Q for operational performance.