Bark, Inc. 8-K

What Happened

• Bark, Inc. announced that at its March 25, 2026 Annual Meeting stockholders approved a reverse stock split (authorized ratio 1-for-2 to 1-for-30). On March 26, 2026 the Board set the split at one-for-twenty (1:20), expected to be effective April 1, 2026, with split-adjusted trading beginning at market open. The company also reported final vote results for director elections, ratification of Deloitte & Touche LLP as auditor, and an advisory vote on executive compensation. A press release was filed on March 26, 2026 (Exhibit 99.1).

Key Details

• Reverse split: Board approved a 1:20 reverse stock split to become effective April 1, 2026; no fractional shares will be issued—holders will receive a cash payment for fractional interests based on the NYSE closing price on the last trading day before the effective date.
• Director elections: Betsy McLaughlin elected (For: 85,410,450; Withhold: 15,907,573; Broker Non-Votes: 39,971,183). Henrik Werdelin elected (For: 90,493,977; Withhold: 10,824,046; Broker Non-Votes: 39,971,183).
• Auditor ratified: Stockholders ratified Deloitte & Touche LLP as independent registered public accounting firm (For: 99,180,657; Against: 4,086,601; Abstain: 38,021,948).
• Other votes: Advisory approval of named executive officer compensation passed (For: 60,101,236; Against: 14,022,631; Abstain: 27,194,156; Broker Non-Votes: 39,971,183). Reverse split vote tally: For 83,955,161; Against 57,254,747; Abstain 79,298.

Why It Matters

• A reverse stock split reduces the number of outstanding shares and increases the per-share price proportionally; Bark’s 1:20 split will consolidate every 20 shares into one and may affect liquidity, index eligibility, and per-share metrics. Investors should note the effective date (April 1, 2026) and that fractional shares will be cashed out based on the NYSE closing price the day before effectiveness.
• The company confirmed its auditor and director slate, and cleared its advisory executive-compensation vote—these governance items were approved by shareholders and are now in effect. The company also stated it will proportionately adjust outstanding equity awards and plan share pools and adjust exercise/conversion prices.