Team Beachbody
June 15, 2023
EL SEGUNDO, Calif., June 15, 2023 --
The Beachbody Company said it appointed Mark R. Goldston to the newly created role of executive chairman of the board, effective June 15, 2023, to partner with co-founder and chief executive Carl Daikeler on transformation, profitability and growth. The prior chairman title was retired; Daikeler continues as a director, CEO and controlling shareholder.
Goldston is chairman and chief executive of The Goldston Group and previously led United Online and NetZero. In connection with the appointment, Daikeler agreed to forfeit about 3.2 million Class A shares and 4.8 million Class X shares to help offset equity compensation. The compensation committee granted Goldston an inducement stock-option award covering about 23.9 million Class A shares, partly time-vested over four years and partly performance-vested.
Daikeler said he pursued Goldston for public-company turnaround experience. Goldston said he elected to take all compensation in options to align with shareholders. The Beachbody Company is the parent of the BODi consumer fitness, nutrition and mindset brand; the Npros directory lists the related name Team Beachbody.