BARK (NYSE: BARK) approves 1-for-20 reverse split and outlines cost savings

Rhea-AI Filing Summary

BARK, Inc. reported results of its 2025 annual stockholder meeting and a major capital action. Stockholders approved all proposals, including electing two Class A directors, ratifying Deloitte & Touche LLP as auditor, and an advisory approval of executive compensation.

Investors also approved a reverse stock split, and the board subsequently set the ratio at 1-for-20. The split is expected to take effect on April 1, 2026 and is intended to raise the share price to regain NYSE minimum bid compliance. The company highlighted prior actions aimed at improving profitability, targeting up to $28 million in annualized cost savings, and disclosed approximately $15.4 million in incremental tariffs to date, with $10.5 million allocated to cost of goods sold for the fiscal year ending March 31, 2026.

Insights

Equity & corporate actions analyst

BARK combines a 1-for-20 reverse split with cost-saving efforts and tariff disclosures.

BARK received stockholder approval for a reverse stock split and its board chose a 1-for-20 ratio effective April 1, 2026. The company states this is intended to lift the per-share price to regain NYSE minimum bid price compliance and potentially broaden institutional interest.

The press release connects this capital-structure move to earlier operational initiatives to streamline costs and improve cash generation. Those initiatives are expected to deliver up to $28 million in annualized cost savings, which could be meaningful depending on the company’s revenue base, though no comparison is provided here.

BARK also notes approximately $15.4 million in incremental tariffs paid to date, with $10.5 million included in cost of goods sold for the fiscal year ending March 31, 2026. These tariffs represent a headwind to margins, and the company references potential refunds in forward-looking language, indicating some uncertainty around eventual net impact.

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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 Earliest Event Reported):

March 25, 2026

BARK, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-39691

85-1872418

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

20 Jay Street, Suite 940 Brooklyn, NY

11201 (Zip Code)

(Address of Principal Executive Offices)

(855) 501-2275

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.0001

BARK

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.07. Submission of Matters to a Vote of Security Holders.

On March 25, 2026, BARK, Inc. (the “Company”) held its 2025 Annual Meeting of Stockholders (the “Annual Meeting”) to consider and vote on the proposals set forth below, each of which is described in the Company’s definitive proxy statement filed with the U.S. Securities and Exchange Commission on February 12, 2026. The final voting results are set forth below.

Proposal 1

Election of Class A Director Nominees

The stockholders elected the persons named below as Class A directors to serve a three-year term ending at the Company’s 2028 annual meeting and until his or her successor is elected and qualified. The results of such vote were as follows:

Director Nominee			For			Withhold			Broker Non-Votes
Betsy McLaughlin			85,410,450			15,907,573			39,971,183
Henrik Werdelin			90,493,977			10,824,046			39,971,183

Proposal 2

Ratification of Appointment of Independent Registered Public Accounting Firm

The stockholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2026. The results of such vote were as follows:

For			Against			Abstain			Broker Non-Votes
99,180,657			4,086,601			38,021,948			N/A

Proposal 3

Advisory Vote to Approve the Compensation of the Company's Named Executive Officers

The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers. The results of such vote were as follows:

For			Against			Abstain			Broker Non-Votes
60,101,236			14,022,631			27,194,156			39,971,183

Proposal 4

Approval of an Amendment to the Restated Certificate of Incorporation that Would Effect a Reverse Stock Split at a Ratio Between 1:2 and 1:30, if and When Determined by the Board of Directors (the “Reverse Stock Split Proposal”)

The stockholders approved the Reverse Stock Split Proposal. Approval of this proposal required that the votes cast “for” the proposal must exceed the votes cast “against” the proposal.

For			Against			Abstain			Broker Non-Votes
83,955,161			57,254,747			79,298			N/A

Item 7.01 Regulation FD Disclosure.

On March 26, 2026, the Company issued a press release, a copy of which is attached as Exhibit 99.1 hereto. The information contained in this Item 7.01, including Exhibit 99.1 furnished herewith, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 8.01 Other Events.

On March 26, 2026, the Company announced that its Board of Directors approved a one-for-twenty (1:20) reverse stock split of its common stock (the “Reverse Stock Split”). The Reverse Stock Split is expected to become effective on April 1, 2026 (the “Effective Time”), with shares to begin trading on a split-adjusted basis at market open. In connection with the Reverse Stock Split, every 20 shares of the Company’s common stock issued and outstanding as of the Effective Time will be automatically converted into one share of the Company’s common stock. No fractional shares will be issued in connection with the Reverse Stock Split. The Company’s stockholders will be entitled to receive the cash value equal to the fraction to which the stockholder would otherwise be entitled, multiplied by the closing price of the common stock, as reported by the New York Stock Exchange, on the last trading day prior to the effective date of the Reverse Stock Split.

As a result of the Reverse Stock Split, proportionate adjustments will be made to the number of shares of the Company’s common stock underlying the Company’s outstanding equity awards and the number of shares issuable under the Company’s equity incentive plans and other existing agreements, as well as the exercise or conversion price, as applicable.

Item 9.01    Financial Statements and Exhibits

(d) Exhibits

Exhibit No.						Description
99.1						Press release dated as of March 26, 2026
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

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.

BARK, Inc.
By:			/s/ Allison Koehler
			Name: Allison Koehler
			Title: Chief Legal Officer

Date: March 26, 2026

BARK Announces Annual Meeting Results and Alignment with Continued Operational Progress and Long-Term Stockholder Value

NEW YORK – March 26, 2026 – BARK, Inc. (NYSE: BARK) (“BARK” or the “Company”), a leading dog brand with a mission to make all dogs happy, today announced the results of its Annual Meeting of Stockholders held March 25, 2026, including the approval of a proposal to implement a 1-for-20 reverse stock split of the Company’s common stock (“Reverse Stock Split”).

The Reverse Stock Split is intended to increase the per-share trading price of the Company’s common stock in order to regain compliance with the New York Stock Exchange (“NYSE”) minimum bid price requirement and is anticipated to become effective on April 1, 2026, with trading on a split-adjusted basis to commence at market open on April 1, 2026. The Company believes that maintaining its listing on the NYSE is important to support liquidity, price transparency and access to a broad base of investors.

In addition, the Company believes that increasing the per-share trading price of its common stock through the Reverse Stock Split may improve its marketability to, and acceptance by, institutional investors and other members of the investing public.

Additional information regarding the Reverse Stock Split will be included in a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission.

Alignment with Continued Operational Progress and Long-Term Stockholder Value

Today’s announcement follows BARK’s recent operational updates, including actions taken to streamline the Company’s cost structure and improve profitability and cash generation. As disclosed on March 23, 2026, these initiatives are expected to result in up to $28 million in annualized cost savings and position the Company to operate more efficiently while continuing to invest in growth.

In addition, BARK disclosed on March 23, 2026 that it has paid approximately $15.4 million in incremental tariffs to date, with $10.5 million allocated to cost of goods sold for the Company’s projected fiscal year ending March 31, 2026.

The Board and management team remain focused on driving sustainable value creation through disciplined execution and capital allocation.

About BARK

BARK is the world’s most dog-centric company, devoted to making all dogs happy with the best products, food, services, and content. BARK’s dog-obsessed team leverages its unique, data-driven understanding of what makes each dog special to design playstyle-specific toys, wildly satisfying treats, dog-first experiences that foster the health and happiness of dogs everywhere, and more. Founded in 2011, BARK loyally serves millions of dogs nationwide with BarkBox and Super Chewer, its themed toys and treats subscriptions; custom product collections through its retail partner network, including Target, Chewy, and Amazon; BARK in the Belly, a premium dog food and consumables line that donates 100% of food profits to fight canine hunger; and BARK Air, the first air travel experience designed specifically for dogs first. At BARK, we want to make dogs as happy as they make us because dogs and humans are better together. Sniff around at bark.co for more information.

Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding anticipated benefits of the Reverse Stock Split and potential cost savings and potential tariff refunds, that are based on the Company’s current expectations, forecasts and assumptions and involve risks and uncertainties. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “expect,” “plan,” "anticipate,” “believe,” “estimate,” “predict,” “intend,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology. Actual results and outcomes could differ materially from any results or outcomes made or implied in such forward-looking statements. Important factors that could cause or contribute to such differences include, but are not limited to, risks and information included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company's quarterly report on Form 10-Q for the quarter ended December 31, 2025, filed with the SEC on February 5, 2026, copies of which may be obtained by visiting the Company’s Investor Relations website at https://investors.bark.co/ or the SEC’s website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to the Company on the date hereof. The Company assumes no obligation to update such statements except as required by law.

Contacts

Investors:

investors@barkbox.com

Media:

press@barkbox.com

Jim Golden / Ed Hammond / Quinn Conway

Collected Strategies

BARK-CS@collectedstrategies.com

FAQ

What did BARK (BARK) stockholders approve at the 2025 Annual Meeting?

BARK stockholders elected two Class A directors, ratified Deloitte & Touche LLP as independent auditor for the fiscal year ending March 31, 2026, and approved an advisory resolution on executive compensation. They also approved a proposal enabling a reverse stock split within a specified ratio range.

What is the ratio and timing of BARK’s reverse stock split?

BARK’s board approved a 1-for-20 reverse stock split of its common stock. It is expected to become effective on April 1, 2026, with trading on a split-adjusted basis beginning at market open that same day, consolidating every 20 existing shares into one new share.

Why is BARK implementing a 1-for-20 reverse stock split?

BARK states the reverse stock split is intended to increase the per-share trading price of its common stock. The company aims to regain compliance with the NYSE minimum bid price requirement and believes a higher share price may improve marketability among institutional investors and other market participants.

How will BARK handle fractional shares in the reverse stock split?

BARK will not issue fractional shares in the reverse stock split. Instead, stockholders are entitled to receive cash equal to the value of any fractional share, calculated by multiplying the fraction by the closing price of BARK common stock on the last trading day before the effective date.

What cost savings and tariff amounts has BARK disclosed recently?

BARK reported operational initiatives expected to yield up to $28 million in annualized cost savings. It also disclosed approximately $15.4 million in incremental tariffs paid to date, with $10.5 million allocated to cost of goods sold for the projected fiscal year ending March 31, 2026.

How will BARK’s reverse split affect equity awards and incentive plans?

In connection with the reverse stock split, BARK will make proportionate adjustments to shares underlying outstanding equity awards, shares issuable under equity incentive plans and other agreements, as well as related exercise or conversion prices. These adjustments preserve the economic value of existing awards after the 1-for-20 consolidation.

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EX-99.1 9.5 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.9 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 15.3 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 27.9 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 15.9 KB