Beyond Meat entered into a multi-year pea protein supply agreement with Roquette Frères totaling approximately $23.5 million and adopted a new 2026 Employment Inducement Equity Incentive Plan reserving 10 million shares.
Key takeaways
Entered Sales Agreement with Roquette Frères on March 28, 2026 for pea protein supply through 2027 with minimum purchases totaling ~$23.5 million.
Company must pay liquidated damages if minimum annual quantities not purchased, subject to partial rollover.
Required to procure $1.0 million standby letter of credit to secure payment obligations.
Board approved 2026 Employment Inducement Equity Incentive Plan effective March 30, 2026 without stockholder approval.
Inducement Plan reserves 10,000,000 shares of common stock for new hires per Nasdaq Rule 5635(c)(4).
No incentive stock options permitted under Inducement Plan; terms similar to 2018 Equity Incentive Plan.