Beachbody Finalizes Generous Severance Deal for President
Company Announcements

Beachbody Finalizes Generous Severance Deal for President

Beachbody Company (BODI) has provided an update.

Beachbody, LLC has finalized a severance agreement with Michael Neiman, the President of Beachbody, outlining the terms he would receive if his employment ends without cause or if he resigns with good reason. He is entitled to severance pay of up to his full annual salary, continued healthcare coverage for a year, and additional equity vesting benefits. These provisions are designed to offer him financial security post-employment, with specifics contingent on a timely and non-revoked release of claims.

For detailed information about BODI stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyBeachbody Company rises 8.8%
TipRanks Auto-Generated NewsdeskBeachbody Company Shifts Strategy for Profitable Growth
TheFlyBODi and Truemed team to provide pre-tax reimbursement for health products
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App