Business Context and Reporting Period
This Form 8-K is a current report filed by Once Upon A Farm, PBC, a Delaware public benefit corporation, on May 5, 2026. The filing addresses Item 5.02 regarding the appointment of certain officers and compensatory arrangements.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation adjustments.
Material Changes
The Board of Directors' Compensation Committee approved a revised compensation package for Lawrence Waldman, President and Chief Financial Officer, effective May 5, 2026. The material changes include:
- Base Salary: Increased to $450,000 per year, subject to annual review.
- Cash Bonus: Annual opportunity increased to 70% of base salary.
- Equity Grant: Award of service-based restricted stock units (RSUs) with a grant date fair value of $1,000,000.
Outlook, Risks, and Unusual Items
Vesting Conditions: The $1,000,000 equity grant vests in full on the second anniversary of the Effective Date (May 5, 2028), contingent upon Mr. Waldman's continued employment. Earlier vesting may occur due to certain termination events.
Management Commentary: The filing contains no forward-looking guidance, risk factors, or discussion of unusual items beyond the specific compensation terms.
Investor Verification Checklist
- Verify the total annualized cost of the new compensation package including the amortized value of the RSUs.
- Review the specific "termination events" that trigger early vesting of the $1,000,000 equity grant.
- Confirm the impact of this salary increase on the company's overall operating expenses in upcoming quarters.
- Check for any related party transaction disclosures if Mr. Waldman holds other positions or relationships with the company.