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    BARK   US68622E1047

BARK, INC.

(BARK)
  Report
Real-time Estimate Cboe BZX  -  10:29 2022-12-05 am EST
1.695 USD   -2.02%
11/21Bark, Inc. : Submission of Matters to a Vote of Security Holders (form 8-K)
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11/14BARK, Inc. Appoints Aarti Sharma as Chief People Officer
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11/10Canaccord Genuity Adjusts Price Target on Bark to $5 From $8, Maintains Buy Rating
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BARK, INC. : Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

08/26/2022 | 08:54am EST

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 26, 2022, BARK, Inc. (the "Company") announced that Kevin Eyerman joined as its Vice President of Accounting, Controller, effective August 22, 2022. Howard Yeaton ceased serving in the capacity of interim Principal Accounting Officer of the Company effective as of August 22, 2022 and will continue to serve as the Company's Interim Chief Financial Officer.

Mr. Eyerman, age 52, most recently served as Vice President, Global Controller, for Elite World Group, a global leader in fashion talent management, a position he held since June 2021. Prior to Elite World Group, he served as Chief Accounting Officer for Ideal Image Development Corp., a personal aesthetics and wellness company, from July 2019 to June 2021 and as Vice President, Corporate Controller for Globecomm Systems Inc., a global satellite communications company, from July 2018 to May 2019. Prior to that, Mr. Eyerman served as Corporate Controller for Napa Management Services Corporation, the practice management provider for the largest single-specialty, clinician-led anesthesia organization in the U.S., from October 2012 to April 2018.

Mr. Eyerman's offer letter with the Company (the "Offer Letter") provides for an annual compensation package consisting of a base salary of $285,000 and a target bonus opportunity of 30% of base salary (prorated for fiscal year 2023). Mr. Eyerman will also receive an initial grant of 75,000 restricted stock units ("RSUs") and 25,000 options to purchase common stock of the Company (the "Options") under the Company's 2021 Equity Incentive Plan, of which 25% will vest August 10, 2023 and the balance will vest quarterly over twelve quarters in substantially equal amounts, subject to Mr. Eyerman's continued employment. In addition, the Offer Letter provides for a one-time sign-on bonus in the amount of $40,000, 50% of which will be paid now and the balance will be paid on August 22, 2023, subject to Mr. Eyerman's continued service and to repayment if Mr. Eyerman is terminated for cause or voluntarily resigns prior to August 22, 2023.

Mr. Eyerman will enter into the Company's Severance and Change in Control Agreement and the Company's Indemnity Agreement in the same form, respectively, entered into by the Company's other executive officers.

There is no arrangement or understanding between Mr. Eyerman and any other persons pursuant to which Mr. Eyerman was selected as Vice President of Accounting, Controller of the Company. Furthermore, there are no transactions between Mr. Eyerman and the Company that would be required to be reported under Item 404(a) of Regulation S-K. No family relationships exist between Mr. Eyerman and any of the Company's directors or executive officers.

Item 7.01 Regulation FD Disclosure.

The Company's announcement, dated August 26, 2022, announcing the appointment of Mr. Eyerman is furnished as Exhibit 99.1 to this report.

The information in Item 7.01 of this report is furnished and shall not be treated as filed for purposes of the Securities Exchange Act of 1934, as amended.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

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   Exhibit No.           Description
       99.1                Announcement
       104               Cover Page Interactive Data File (embedded within the Inline XBRL document)





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© Edgar Online, source Glimpses

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