Item 8.01 Other Events.
As previously reported by Beyond Meat, Inc. ("Beyond Meat") on Form 10-K for the
year ended December 31, 2021 filed with the Securities and Exchange Commission
("SEC") on March 2, 2022 and on Form 10-Q for the fiscal quarter ended July 2,
2022 filed with the SEC on August 11, 2022, Don Lee Farms and certain of its
employees, on the one hand, and Beyond Meat, and certain of its respective
current and former employees, on the other hand, were parties to litigation
filed in the Superior Court of the State of California for the County of Los
Angeles (Case No. BC662838, the "State Court Case") and the United States
District Court for the Central District of California (Case No.
2:22-CV-03751-AB-GJS, the "Federal Court Case"). On October 18, 2022, the
parties entered into a confidential written settlement agreement and mutual
release, pursuant to which the parties agreed to dismiss all claims and
cross-claims asserted in the State Court Case and Federal Court Case with
prejudice. The terms of the settlement did not have a material impact on Beyond
Meat's financial position or results of operations. No party admitted liability
or wrongdoing in connection with the settlement. Both sides are satisfied with
the outcome.
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