Beyond Meat, Inc., a leader in plant-based meat products, announced its annual meeting of stockholders to be held virtually on May 23, 2024. The meeting will address the election of three Class II directors, the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for 2024, and an advisory vote on executive compensation. The board has nominated Nandita Bakhshi, Chelsea A. Grayson, and Joshua M. Murray as Class II directors. Stockholders as of the record date, March 26, 2024, are entitled to vote. The company's performance in 2023 saw a decrease in net revenues by 18.0% to $343.4 million, with a net loss of $338.1 million. Despite this, the company is focusing on sustainable long-term growth and cost-reduction initiatives, including a workforce...Show More

Beyond Meat, Inc., a leader in plant-based meat products, announced its annual meeting of stockholders to be held virtually on May 23, 2024. The meeting will address the election of three Class II directors, the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for 2024, and an advisory vote on executive compensation. The board has nominated Nandita Bakhshi, Chelsea A. Grayson, and Joshua M. Murray as Class II directors. Stockholders as of the record date, March 26, 2024, are entitled to vote. The company's performance in 2023 saw a decrease in net revenues by 18.0% to $343.4 million, with a net loss of $338.1 million. Despite this, the company is focusing on sustainable long-term growth and cost-reduction initiatives, including a workforce reduction and the discontinuation of certain product lines. The compensation of CEO Ethan Brown and other NEOs is heavily performance-based, with approximately 93% of Brown's target compensation being at risk. The company has also introduced performance stock units (PSUs) for the CEO and CFO as part of the long-term incentive program for 2024, further aligning executive compensation with stockholder interests.