8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 1, 2022

OWLET, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-39516	85-1615012
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

3300 North Ashton Boulevard,	Suite 300,	Lehi,	UT	84043
(Address of principal executive offices) (Zip Code)
(844) 334-5330
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.0001 par value per share	OWLT	New York Stock Exchange
Warrants to purchase Common Stock	OWLT WS	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

                                        Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;

Compensatory Arrangements of Certain Officers.

The board of directors of Owlet, Inc. (the “Company”) appointed the Company’s co-founder and Chief Executive Officer, Kurt Workman, as President and Chief Executive Officer of the Company, effective September 1, 2022. Mr. Workman was appointed to the President role in order to facilitate an orderly executive transition upon the departure of Michael Abbott from the Company, as previously reported in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on August 11, 2022.

There are no arrangements or understandings between Mr. Workman and any other person pursuant to which Mr. Workman was selected as President and Chief Executive Officer. There are no family relationships, as defined in Item 401(d) of Regulation S-K, between Mr. Workman and any director, executive officer or person nominated or chosen by the Company to become a director or executive officer. Furthermore, there are no transactions in which Mr. Workman had or will have an interest requiring disclosure under Item 404(a) of Regulation S-K.

In connection with his appointment, Mr. Workman’s compensation will remain unchanged, and the Company has not entered into any new or amended compensation plans, contracts or arrangements with, or made any grant or award (or any modification thereto) to, Mr. Workman as of the date hereof.

Biographical information for Mr. Workman, as required by Item 5.02(c) of Form 8-K, was previously reported in the “Proposal 1–Election of Directors — Director & Director Nominee Qualifications and Biographical Information — Class II Directors Whose Terms Expire at the 2023 Annual Meeting of Shareholders” section of the Company’s Definitive Proxy Statement filed with the SEC on May 2, 2022 and is incorporated by reference into this Item 5.02.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	OWLET, INC.
Date: September 1, 2022	By:	/s/ Kathryn R. Scolnick
		Kathryn R. Scolnick
		Chief Financial Officer

XML

Cover	Sep. 01, 2022
Document Information [Line Items]
Document Type	8-K
Document Period End Date	Sep. 01, 2022
Entity Registrant Name	OWLET, INC.
Entity Incorporation, State or Country Code	DE
Entity File Number	001-39516
Entity Tax Identification Number	85-1615012
Entity Address, Address Line One	3300 North Ashton Boulevard,
Entity Address, Address Line Two	Suite 300,
Entity Address, City or Town	Lehi,
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84043
City Area Code	(844) 334-5330
Local Phone Number	(844) 334-5330
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Central Index Key	0001816708
Amendment Flag	false
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Trading Symbol	OWLT
Security Exchange Name	NYSE
Warrant Member
Document Information [Line Items]
Title of 12(b) Security	Warrants to purchase Common Stock
Trading Symbol	OWLT WS
Security Exchange Name	NYSE