Once Upon a Farm, PBC 8-K

What Happened
Once Upon a Farm, PBC announced on May 6, 2026 that its Compensation Committee approved a revised compensation package for Lawrence Waldman, the Company's President and Chief Financial Officer, effective May 5, 2026. The package increases his base salary, raises his annual cash bonus opportunity, and includes a service-based restricted stock unit award.

Key Details

• Base salary increased to $450,000 per year, effective May 5, 2026; subject to annual review by the Compensation Committee.
• Annual cash bonus opportunity raised to 70% of Mr. Waldman’s then-current base salary.
• Equity award: service-based restricted stock units (RSUs) with a grant date fair value of $1,000,000, which vest in full on the second anniversary of the May 5, 2026 effective date (subject to continued employment or certain termination events).

Why It Matters
This change raises the company’s executive compensation commitments: higher fixed pay and a larger bonus target increase near-term cash compensation, while the $1.0M RSU award could lead to future stock-based compensation expense and potential share dilution when it vests. For investors, the move signals the board’s effort to retain and incentivize the company’s President/CFO, which may affect operating costs and equity accounting in upcoming periods.