Beachbody COO Kathy Vrabeck to retire in April

EL SEGUNDO, CA - The Beachbody Company, Inc. (NYSE:BODI), currently valued at $46 million in market capitalization, announced that Kathy Vrabeck, the company's Chief Operating Officer, will retire effective April 1, 2025. The news comes following a filing with the U.S. Securities and Exchange Commission on February 14, 2025.

Vrabeck, who has been instrumental in the company's operations, communicated her decision to retire to the company on February 11, 2025. The announcement marks a significant transition in Beachbody's executive leadership, although no immediate successor has been named.

Beachbody, known for its direct-to-consumer fitness and weight-loss solutions, has not provided details on the reasons for Vrabeck's retirement or plans for her replacement. The company's business address is listed at 400 Continental Blvd, Suite 400, El Segundo, California.

The filing did not elaborate on the future strategic direction of the company or how Vrabeck's departure might affect operations. Beachbody's corporate governance will likely oversee the transition as they search for a new COO or redistribute responsibilities among current leadership.

Investors and market watchers will be keeping a close eye on the company's next moves in the coming weeks. Beachbody has not issued any further public statements regarding the retirement beyond the SEC filing.

This development is based on the latest 8-K filing by Beachbody Company, Inc. with the Securities and Exchange Commission.

In other recent news, The Beachbody Company, Inc. has made significant adjustments to its bylaws to comply with the newly established universal proxy rules set by the U.S. Securities and Exchange Commission (SEC). The amendments, known as the Second Amended and Restated Bylaws, cover various facets of proxy solicitation and stockholder meetings. One notable change is the clarification allowing stockholders to authorize a proxy in accordance with Rule 14a-19 under the Securities Exchange Act of 1934, which relates to the use of universal proxy cards in contested director elections.

The company has also implemented measures to prevent confusion during proxy solicitations, specifying that proxy cards distributed by stockholders must be a color other than white, reserved solely for the Board of Directors' use. The updated bylaws also include improved procedural requirements for stockholder meetings, such as the maintenance of the stockholder list and the provision of notice if a meeting is adjourned to another time or place.

These recent developments are part of Beachbody's ongoing efforts to modernize and clarify their corporate governance practices, reflecting a broader trend among companies towards increased corporate governance and transparency in stockholder interactions. The full details of these bylaw amendments are available in the Second Amended and Restated Bylaws attached to the SEC filing.

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