UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): May 11, 2023
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Item 8.01 Other Events
On May 11, 2023, Retail Wholesale Department Store Union Local 338 Retirement Fund, a purported shareholder of Beyond Meat, Inc. (the “Company”), filed a putative securities class action lawsuit in the United States District Court for the Central District of California against the Company and three of its current and former executive officers, the Company’s President and CEO, Ethan Brown, the Company’s former Chief Financial Officer and Treasurer, Mark Nelson, and the Company’s former Chief Financial Officer and Treasurer, Phillip Hardin. The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended, and is premised on allegedly false or misleading statements, and alleged non-disclosure of material facts, related to the Company’s public disclosures regarding its ability to produce plant-based meats at scale to the specifications of the Company’s foodservice partners during the proposed class period of May 5, 2020 to October 13, 2022. The Company believes the claims are without merit and intends to vigorously defend all claims asserted.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BEYOND MEAT, INC. | |||||
| By: | /s/ Lubi Kutua | ||||
Lubi Kutua | |||||
| Chief Financial Officer and Treasurer | |||||
Date: May 12, 2023