Bark Inc SEC Filings

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.

BARK, Inc. reported significant cost-cutting moves and a possible benefit from tariff refunds. The company completed fourth-quarter fiscal 2026 initiatives expected to generate up to $28 million in annualized cost savings, mainly from workforce reductions, operating efficiencies, automation, and a smaller corporate office footprint.

BARK also highlighted potential refunds of tariffs previously paid under the International Emergency Economic Powers Act. It has paid about $15.4 million in incremental tariffs, including $10.5 million recorded in cost of goods sold for the fiscal year ending March 31, 2026. Refund timing and amounts remain uncertain due to ongoing administrative implementation and possible further legal proceedings.

BARK, Inc. disclosed that its Board’s Special Committee has ended its review of previously disclosed takeover proposals and decided not to pursue a transaction. An unsolicited preliminary non-binding offer from Great Dane Ventures was withdrawn, and a separate unsolicited proposal from the GNK/Lemonis Group was rejected as not adequately reflecting the Company’s value.

The Special Committee concluded that concluding the current review and continuing BARK’s existing standalone strategy is in stockholders’ best interests. BARK states it remains open to evaluating future strategic opportunities while emphasizing disciplined execution, sustainable growth, profitability, and enhancing long-term stockholder value.

Bark, Inc. Chief Revenue Officer Michael Scott Black reported a routine tax-related share disposition. On the event date, the issuer withheld 3,756 shares of common stock at $0.78 per share to cover tax obligations from a restricted stock unit vesting, which the footnote states was not an open-market sale. After this withholding, he directly owned 1,307,943 common shares.

Bark, Inc. investors updated their ownership disclosure and governance arrangements. Great Dane Ventures, LLC now reports beneficial ownership of 22,411,455 shares of Bark common stock, representing 13.0% of the class, based on 172,816,741 shares outstanding as of January 28, 2026.

The amendment refreshes the full list of Schedule 13D reporting persons and clarifies which funds and managers currently own equity in Great Dane. On March 3, 2026 the Great Dane Parties entered into a confidentiality agreement with Bark that includes a 12‑month standstill, subject to earlier termination upon specified change‑of‑control events or third‑party tender offers.

The standstill restricts these investors from increasing their Bark holdings, launching proxy contests, making public acquisition proposals, or seeking to influence control of the company, except under agreed conditions. Separately, Ironbound Partners Fund, LLC agreed to surrender for cancellation all of its warrants to purchase Bark common stock, eliminating that potential source of future share issuance.

BARK, Inc. reported that Chief Executive Officer and Executive Chair Matt Meeker has voluntarily withdrawn as a member and equity holder of Great Dane Ventures, LLC, an entity formed by certain BARK stockholders to submit a preliminary non-binding proposal to acquire the company. After discussions with a Special Committee of the Board, Meeker chose to step away from this investor group while continuing in his leadership roles at BARK. The company states that he remains fully committed to executing BARK’s strategy and delivering value for shareholders. The Special Committee continues to evaluate any potential acquisition proposals alongside BARK’s standalone value with help from independent financial and legal advisors, and notes there is no assurance any definitive offer or transaction will occur.

BARK, Inc. adopted a new Severance and Change in Control Agreement for Chief Executive Officer Matt Meeker, effective upon Board approval on February 18, 2026. The agreement provides 12 months of salary continuation, a pro-rated target bonus, 12 months of accelerated vesting of time-based equity awards, and 12 months of COBRA health coverage if he is involuntarily terminated outside a change in control context.

If he is involuntarily terminated within six months before or 18 months after a change in control, he would instead receive a lump sum equal to two times annual base salary plus target bonus, full vesting of time-based equity awards, and 24 months of COBRA coverage, subject to signing and not revoking a release of claims. The company notes this structure is generally consistent with other executive agreements but with higher multiples reflecting his CEO role.

Bark, Inc. executive chairman Matt Meeker reported a tax-related share disposition. On February 20, 2026, the issuer withheld 36,206 shares of common stock at $0.80 per share to cover tax withholding obligations from a Restricted Stock Unit vesting and settlement.

The footnote clarifies this was not an open market sale but a share withholding by the company. After this transaction, Meeker’s directly held stake stands at 12,008,995 common shares.

Meeker Matt reported disposition transactions in a Form 4 filing for BARK. The filing lists transactions totaling 17,535 shares at a weighted average price of $0.79 per share. Following the reported transactions, holdings were 12,045,201 shares.