BARK CEO Matt Meeker Decides To Withdraw As Member And Equity Holder In Great Dane Ventures
The Original BARK Company Common Stock BARK | 10.15 10.15 | +8.91% 0.00% Pre |
CEO Matt Meeker to Transition Focus Exclusively to Operational Leadership Amid Special Committee's Review Process
BARK, Inc. (NYSE:BARK) ("BARK" or the "Company"), a leading global omnichannel dog brand with a mission to make all dogs happy, today announced that after discussion with the Special Committee of the Company's Board of Directors, Matt Meeker, the Company's Chief Executive Officer and Executive Chair of the Board, has voluntarily withdrawn as a member and equity holder in Great Dane Ventures, LLC, an entity formed by certain of the Company's stockholders to submit a preliminary non-binding proposal to acquire the Company.
As previously disclosed, the Special Committee is focused on maximizing value for all BARK stockholders, and will review any proposal to acquire the Company as well as evaluating the Company's standalone value with the assistance of its independent financial and legal advisors. The Company supports Mr. Meeker's decision.
Mr. Meeker will continue to serve as Chief Executive Officer and remains fully committed to executing BARK's strategy and delivering value for shareholders.
