ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
OnAugust 27, 2021 ,Sanjay Shah notifiedBeyond Meat, Inc. (the "Company") that he is stepping down as the Company's Chief Operating Officer effective immediately.Mr. Shah's responsibilities will be performed byJonathan P. Nelson , the Company's current Vice President, NA Manufacturing Operations, while the Company conducts a search forMr. Shah's replacement.Mr. Nelson , age 56, has served as the Company's Vice President, NA Manufacturing Operations sinceMay 2021 . Prior to joining the Company, fromMarch 2021 toMay 2021 ,Mr. Nelson served as Chief Executive Officer ofJP Nelson Consulting , a private consulting firm. FromJanuary 2012 toJanuary 2021 ,Mr. Nelson served in various roles with SunOpta, Inc. (NASDAQ: STKL), a global company focused on plant-based foods and beverages, fruit-based foods and beverages, and organic ingredient sourcing and production, including as Vice President, Operations - Ingredients fromJanuary 2012 toMarch 2016 , and Vice President, Operations - Plant Based Food and Beverage fromMarch 2016 toJanuary 2021 . Prior to that,Mr. Nelson held various positions withPactiv Corporation , part of Pactiv Evergreen Inc. (NASDAQ: PTVE), a manufacturer of fresh food and beverage packaging, having served as Operations Manager fromJune 2000 toJune 2002 and Plant Manager II fromJune 2002 toFebruary 2012 .Mr. Nelson began his career withWaldorf Corporation , now part of WestRock Company (NYSE: WRK), a corrugated packaging company, working in continuous improvement, engineering and quality.Mr. Nelson received his BS in Paper Science and Engineering from theUniversity of Minnesota , and his MBA from theUniversity of Mary .Mr. Nelson's compensation will not change in connection with his increased responsibilities. In connection with performing this role,Mr. Nelson will enter into the Company's standard form of indemnification agreement, a copy of which is filed as Exhibit 10.11 to the Company's Registration Statement on Form S-1/A filed with theSEC onJanuary 9, 2019 . Pursuant to the terms of the indemnification agreement, the Company may be required, among other things, to indemnifyMr. Nelson for certain expenses, including attorneys' fees, judgments, fines and settlement amounts incurred by him in any action or proceeding arising out of his service as an officer of the Company. There is no arrangement pursuant to whichMr. Nelson was selected as an officer, no family relationships between him and any director or other executive officer of the Company, and no transactions involving him or a member of his immediate family, that would require disclosure by the Company under Item 404(a) ofSEC Regulation S-K.
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