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Bed Bath & Beyond (NASDAQ: BBBY) chief forfeits options on 1,750,000 shares

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Bed Bath & Beyond, Inc. disclosed that on August 3, 2026, Executive Chairman and Chief Executive Officer Marcus Lemonis voluntarily forfeited options to purchase an aggregate of 1,750,000 shares of common stock. These options represented all awards outstanding under an Executive Chairman Performance Award Grant Notice and Award Agreement dated February 20, 2024.

Mr. Lemonis received no consideration for the forfeiture and provided a written acknowledgment that the company made no commitments to grant any replacement equity awards. The stated purpose is to return the shares underlying the options to the company’s Amended and Restated 2005 Equity Incentive Plan so they may be used for future grants to other employees.

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Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Options forfeited 1,750,000 shares Aggregate shares underlying options voluntarily forfeited on August 3, 2026
Event date August 3, 2026 Date Marcus Lemonis elected to forfeit the options
Award agreement date February 20, 2024 Date of Executive Chairman Performance Award Grant Notice and Award Agreement
Equity Incentive Plan financial
"return the shares underlying the Options to the Company’s Amended and Restated 2005 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Executive Chairman Performance Award Grant Notice and Award Agreement financial
"pursuant to that certain Executive Chairman Performance Award Grant Notice and Award Agreement dated February 20, 2024"
forfeiture of the Options financial
"The purpose of the forfeiture of the Options is to return the shares underlying the Options"
consideration financial
"Mr. Lemonis did not receive any consideration in exchange for the forfeiture of the Options"

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FAQ

What action involving stock options did Bed Bath & Beyond (BBBY) report for Marcus Lemonis?
Bed Bath & Beyond reported that Marcus Lemonis voluntarily forfeited options to purchase 1,750,000 shares of common stock. The forfeited options were tied to an Executive Chairman Performance Award agreement dated February 20, 2024, and represented all options outstanding under that agreement.

How many Bed Bath & Beyond (BBBY) share options were forfeited by Marcus Lemonis?
Marcus Lemonis forfeited options to purchase an aggregate of 1,750,000 shares of Bed Bath & Beyond common stock. These options constituted all of his outstanding options under the February 20, 2024 Executive Chairman Performance Award Grant Notice and Award Agreement.

Did Marcus Lemonis receive any compensation or replacement awards in the BBBY option forfeiture?
Marcus Lemonis received no consideration for forfeiting the options and acknowledged in writing that Bed Bath & Beyond made no commitments for replacement equity awards. The forfeiture was described as voluntary, with no new grants promised in exchange.

What is the purpose of returning forfeited Bed Bath & Beyond (BBBY) options to the equity plan?
The company stated that the purpose of the forfeiture is to return the shares underlying the options to its Amended and Restated 2005 Equity Incentive Plan. Those shares may then be used for future equity grants to other employees of Bed Bath & Beyond.

When was the original Executive Chairman performance award for Marcus Lemonis at BBBY granted?
The Executive Chairman Performance Award Grant Notice and Award Agreement for Marcus Lemonis is dated February 20, 2024. All options outstanding under this 2024 performance award agreement were voluntarily forfeited on August 3, 2026.

How does the Marcus Lemonis option forfeiture affect Bed Bath & Beyond’s (BBBY) equity pool?
By forfeiting options on 1,750,000 shares, the underlying shares are returned to Bed Bath & Beyond’s Amended and Restated 2005 Equity Incentive Plan. This increases the pool of shares available for potential future equity awards to other employees.
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

August 3, 2026
Date of Report (date of earliest event reported)
 
Bed Bath & Beyond, Inc.
 
(Exact name of Registrant as specified in its charter)
 
Delaware
001-41850
87-0634302
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification Number)

433 W. Ascension Way, 3rd Floor
Murray, Utah 84123
(Address of principal executive offices)(Zip Code)

 (801) 947-3100
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
 
 
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, $0.0001 par value per share
  
BBBY
  
New York Stock Exchange
Warrants to Purchase Shares of Common Stock
  
BBBY WS
  
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 8.01.
Other Events.

On August 3, 2026, Marcus Lemonis, the Executive Chairman and Chief Executive Officer of Bed Bath & Beyond, Inc. (the “Company”), voluntarily elected to forfeit options to purchase an aggregate of 1,750,000 shares of the Company’s common stock (the “Options”), which represented all of the options outstanding pursuant to that certain Executive Chairman Performance Award Grant Notice and Award Agreement dated February 20, 2024, between the Company and Mr. Lemonis. Mr. Lemonis did not receive any consideration in exchange for the forfeiture of the Options and has acknowledged in writing that no commitments to grant any replacement equity awards were made by the Company.  The purpose of the forfeiture of the Options is to return the shares underlying the Options to the Company’s Amended and Restated 2005 Equity Incentive Plan so that the Company may make grants to other employees in the future.

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.

   
BED BATH & BEYOND, INC.
     
 
By:
/s/ BRIAN LAROSE
   
Brian LaRose
   
Chief Financial Officer
 
Date:
August 4, 2026


Source: View Original Filing on SEC EDGAR

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