![]() ![]() “Jonathan has been integral to the company’s successful evolution over more than two decades of service. Abraham, Chair of the Board of Directors. “Following the recent acquisition of the Bed Bath & Beyond brand and our corporate renaming as Beyond, Inc., the Board and Jonathan determined that this is the ideal time for a transition in leadership to guide the company forward,” said Allison H. Additionally, Adrianne Lee, Chief Financial Officer, will expand her responsibilities to oversee legal and human resources functions in addition to the finance organization. While the search proceeds, David Nielsen has been appointed to an expanded role as Interim CEO and President, and will lead the company as it moves into the future operating as the new Bed Bath & Beyond. The Board has initiated a comprehensive internal and external search process to identify a permanent Chief Executive Officer. Johnson to transition the company to new leadership. Johnson’s departure follows mutual agreement by the Board and Mr. that now operates as Bed Bath & Beyond, today announced that Jonathan Johnson has stepped down as Chief Executive Officer and a member of the Board of Directors, effective immediately. 06, 2023 (GLOBE NEWSWIRE) - Beyond, Inc., (NYSE: BYON), the online home furnishing company formerly known as, Inc. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that ’s writers disclose this fact and warn readers of the risks.Jonathan Johnson Steps Down as Chief Executive Officerĭave Nielsen Appointed Interim CEO and President Adrianne Lee, CFO, Takes on Expanded Responsibilities ![]() That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. ![]() ![]() A reverse stock split would consolidate the number of shares and clear the road for additional share offerings. However, the company does not have enough authorized shares to complete the offering in full. Second, Bed Bath & Beyond recently announced a $300 million common stock offering. If it is unable to do so, the exchange may give Bed Bath another 180 days. Upon receipt of the notice, the company will have a 180-day grace period to achieve a minimum price of $1 for 10 consecutive business days. Bed Bath will receive a deficiency notice from the exchange if shares trade under $1 for 30 consecutive days. Since the stock is listed on the Nasdaq, it must have a minimum share price of at least $1. A reverse split would address two lingering issues currently facing the company.įirst, BBBY stock hasn’t closed above $1 since March 17. Bed Bath set the date of record to be eligible to cast votes to March 27. For starters, the retailer has proposed a reverse stock split in a ratio between 1-for-10 and 1-for-20 at its upcoming special meeting of stockholders on May 9. Meanwhile, the path ahead for Bed Bath & Beyond remains highly volatile. ![]()
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