Filing Analysis
Beam Global issued an 8-K to announce its financial results for the quarter ended June 30, 2026. The filing serves as a formal announcement of the earnings release via press release.
📋 Key Facts
- Company issued a press release on August 19, 2026, regarding financial results.
- The results pertain to the fiscal quarter ended June 30, 2026.
- The filing is made pursuant to Item 2.02 of Form 8-K.
Beam Global entered into a lease agreement for approximately 54,400 square feet of industrial space in Yuma, Arizona, to support office, warehouse, and manufacturing operations. The lease includes rent abatement for late 2026 and an exclusive option to purchase the premises.
📋 Key Facts
- Entered into a Lease Agreement with Ron L. and Jacqueline S. Reynolds Family Trust on June 17, 2026.
- Premises located at 653 & 655 E. 20th Street, Yuma, Arizona (approx. 54,400 sq. ft.).
- Lease terms: 653 E. 20th St. is 5 years starting July 15, 2026; 655 E. 20th St. is 4 years and 7 months starting Jan 1, 2027.
- Rent abatement period for 653 E. 20th Street from August 1, 2026, through December 31, 2026.
- Monthly base rent increases annually; projected monthly rent by Aug 2030 is $30,596.39.
- Includes an exclusive option to purchase the premises for $4,500,000 (subject to a 3% annual cumulative increase).
Beam Global announced its financial results for the first fiscal quarter ended March 31, 2026. The results were disclosed via a press release furnished as an exhibit to the filing.
📋 Key Facts
- The filing was made on May 15, 2026, reporting on the quarter ended March 31, 2026.
- The announcement was made under Item 2.02 (Results of Operations and Financial Condition).
- The financial data is furnished in Exhibit 99.1 and is not deemed 'filed' for purposes of Section 18 of the Exchange Act.
Beam Global received a notice of lease termination from its landlord for its San Diego headquarters, effective July 26, 2026. The termination moves the original expiry date forward from September 30, 2026, and the company is currently evaluating relocation options.
🚩 Red Flags
- Involuntary termination of the headquarters lease by the landlord.
- Short notice period (approximately 90 days) to relocate headquarters and administrative functions.
📋 Key Facts
- Landlord PNN Holdings, LP exercised a right to terminate the lease for the headquarters at 5660 Eastgate Drive, San Diego, CA.
- The termination date is set for July 26, 2026, shortened from the previous expiration of September 30, 2026.
- The company stated there are no material early termination penalties or ongoing obligations expected.
- Beam Global maintains additional operations in Chicago, Serbia (Belgrade and Kraljevo), and Abu Dhabi.
Beam Global issued a press release on April 9, 2026, announcing its financial results for the fiscal year ended December 31, 2025.
📋 Key Facts
- The company reported financial results for the fiscal year ended December 31, 2025.
- The announcement was made via a press release dated April 9, 2026, furnished as Exhibit 99.1.
- The filing was signed by Chief Financial Officer Lisa A. Potok.
Beam Global entered into a second lease extension agreement for its San Diego headquarters, extending the term through September 30, 2026. The agreement includes a significant landlord termination right on short notice.
🚩 Red Flags
- Short-term nature of extension (only 7 months) suggests uncertainty in long-term facility planning.
- Landlord termination clause: The landlord can terminate the lease upon 90 days' notice, creating significant operational instability for the headquarters.
📋 Key Facts
- Entered into Second Lease Extension Agreement with PNN Holdings, LP on January 26, 2026.
- Lease term extended for seven months, from March 1, 2026, to September 30, 2026.
- Total monthly payment of $71,480 ($62,400 base rent + $9,080 NNN charges).
- Landlord retains the right to terminate the lease at any time with 90 days' prior written notice.
Beam Global filed an 8-K to announce the release of its financial results for the quarter ended September 30, 2025. The filing serves as a formal notification that earnings data is being furnished via press release.
📋 Key Facts
- Reporting date: November 14, 2025
- Period covered: Quarter ending September 30, 2025
- The information provided under Item 2.02 is not considered 'filed' for purposes of Section 18 of the Exchange Act.
- Financial results were issued via press release (Exhibit 99.1).
Beam Global held its 2025 Annual Meeting of Stockholders on October 21, 2025. The meeting resulted in the election of four directors and the approval of executive compensation and the appointment of CBIZ CPAs P.C. as independent auditors.
📋 Key Facts
- Annual Meeting held on October 21, 2025.
- Quorum reached with 10,298,083 shares (approx. 58.38% of outstanding shares) present.
- Four directors elected: Desmond Wheatley, Judy Krandel, Anthony Posawatz, and George Syllantavos.
- Advisory vote on executive compensation was approved.
- Ratification of CBIZ CPAs P.C. as independent registered public accounting firm for fiscal year 2025 was approved.
Beam Global announced the resignation of Chief Operating Officer Mark Myers, effective October 29, 2025. The company stated that the departure is not due to any disagreement regarding operations, policies, or practices.
🚩 Red Flags
- Departure of a key C-suite executive (COO) can create operational transition risks.
📋 Key Facts
- Mark Myers will resign as Chief Operating Officer (COO) on October 29, 2025.
- The resignation was announced via an 8-K filed on September 19, 2025.
- The company explicitly stated the departure is not due to any disagreement regarding operations, policies, or practices.
Beam Global issued an 8-K to announce the release of its financial results for the quarter ending June 30, 2025. The filing serves as a formal notice that earnings data has been made public via press release.
📋 Key Facts
- Financial results announced for the quarter ended June 30, 2025.
- The announcement was made on August 14, 2025.
- Results were released via a press release attached as Exhibit 99.1.
Beam Global entered into a 6-month lease extension for its San Diego headquarters with PNN Holdings, LP. The extension runs from September 1, 2025, to February 28, 2026, but includes a landlord termination right starting November 1, 2025.
🚩 Red Flags
- Short-term extension (only 6 months) suggests uncertainty in long-term facility planning or landlord negotiations.
- Landlord termination clause: The landlord can terminate the lease as early as November 1, 2025, creating significant operational risk for the headquarters.
📋 Key Facts
- Lease term extended for 6 months: Sept 1, 2025 – Feb 28, 2026.
- Total monthly rent payment of $71,480 ($62,400 base + $9,080 NNN charges).
- Landlord retains the right to terminate the lease on or after Nov 1, 2025, with 60 days' notice.
- Original lease date: February 7, 2020.
Beam Global has entered into a 50/50 joint venture with The Platinum Group (TPG) to establish 'Beam Middle East, LLC' in Abu Dhabi for the marketing and distribution of its products. The agreement includes a license of Beam Global's intellectual property to the JV and specific profit-sharing terms.
🚩 Red Flags
- The company is responsible for making timely capital contributions to cover all expenses not covered by JV cash flows/borrowings, creating potential ongoing liability.
- Termination clause: The Company can terminate if development/sales do not commence on or before December 31, 2025.
📋 Key Facts
- Joint Venture name: Beam Middle East, LLC (based in Abu Dhabi, UAE).
- Ownership structure: 50% equity interest held by Beam Global and 50% by The Platinum Group (TPG).
- Initial funding from Beam Global: 50,000 UAE Dirhams (approx. $14,000 USD).
- Profit distribution: 100% of profits to Beam Global until initial capital contributions are returned; thereafter, split 50/50.
- Governance: 5-member Board (2 from TPG, 2 from Beam Global, 1 independent); 'Major Decisions' require approval from both Company Directors.
- Intellectual Property: License Agreement grants the JV use of IP for 5 years with two 5-year renewal options without additional compensation.
Beam Global's Board of Directors approved a one-time stock award of 870,000 shares to CEO Desmond Wheatley. The grant is performance-based for FY2023 and FY2024 and tied to the successful completion of three recent acquisitions.
🚩 Red Flags
- Large one-time equity grant to a single executive (potential dilution).
📋 Key Facts
- One-time stock award of 870,000 shares of common stock granted to CEO Desmond Wheatley.
- Award issued under the Company's 2021 Equity Incentive Plan.
- Compensation is tied to performance in fiscal years ending December 31, 2023, and 2024.
- Grant also recognizes the completion of acquisitions: All Cell Technologies, LLC; Amiga DOO Kraljevo; and Telcom d.o.o Beograd.
Beam Global issued an 8-K to announce the release of its financial results for the quarter ended March 31, 2025. The filing serves as a formal notification that earnings data is being furnished via an attached press release.
📋 Key Facts
- Report date: May 15, 2025
- Reporting period: Quarter ending March 31, 2025
- The filing includes Exhibit 99.1 containing the earnings press release
- Information furnished under Item 2.02 is not considered 'filed' for purposes of Section 18 or liability under Sections 11 and 12(a)(2)
Beam Global announced the resignation of its independent accounting firm, Marcum LLP, and the immediate appointment of CBIZ CPAs P.C. as its new auditor for the fiscal year ending December 31, 2025.
🚩 Red Flags
- Auditor change: The sudden resignation of an auditor can sometimes precede difficult financial disclosures, though no direct disagreement was cited.
- Existing material weaknesses in internal control over financial reporting (previously disclosed for 2023 and 2024).
📋 Key Facts
- Marcum LLP resigned as the Company's independent registered accounting firm on April 24, 2025.
- CBIZ CPAs P.C. was engaged effective immediately to serve as the new independent auditor for FY 2025.
- The company stated there were no disagreements with Marcum regarding accounting principles or auditing procedures.
- The company noted that material weaknesses in internal control over financial reporting had been previously disclosed in the 10-K filings for 2023 and 2024.
Beam Global filed an 8-K to announce the release of its financial results for the fiscal year ended December 31, 2024. The filing serves as a formal notice that earnings data is being furnished via press release.
📋 Key Facts
- Report date: April 11, 2025
- Reporting period: Fiscal year ended December 31, 2024
- The filing includes Exhibit 99.1 (Press Release) containing the financial results.
- Information furnished under Item 2.02 is not considered 'filed' for purposes of Section 18 or liability under Sections 11 and 12(a)(2).
Beam Global has entered into a separation agreement with former Vice President of Sales and Marketing, Sandra Peterson, following her resignation effective December 31, 2024.
🚩 Red Flags
- Departure of a key sales executive (VP level) can sometimes signal internal friction or shifts in commercial strategy, though this is not explicitly stated.
📋 Key Facts
- Sandra Peterson resigned as VP of Sales and Marketing effective December 31, 2024.
- Separation Agreement entered into on January 20, 2025.
- Company to pay $18,750 in cash severance within 10 days of the agreement's effective date.
- Ms. Peterson will receive commissions on sales completed on or before October 15, 2024, for payments received after her separation date.
- The post-termination exercise period for Ms. Peterson's stock options has been extended to December 31, 2025.
Beam Global issued an 8-K to announce the release of its financial results for the quarter ended September 30, 2024. The filing serves as a formal notice that earnings data is being furnished via a press release.
📋 Key Facts
- Report date: November 14, 2024
- Reporting period: Quarter ending September 30, 2024
- The filing includes Exhibit 99.1 (Press Release) containing the financial results.
- Information is furnished under Item 2.02 and not 'filed' for liability purposes under Section 18.
Beam Global announced the resignation of its Vice President of Sales and Marketing, Sandra Peterson, effective December 31, 2024. The departure is for personal reasons and not due to any disagreement with the company.
📋 Key Facts
- Sandra Peterson will resign as VP of Sales and Marketing on December 31, 2024.
- The resignation was for personal reasons.
- The Company explicitly stated there were no disagreements regarding operations, policies, or practices.
Beam Global held its 2024 Annual Meeting of Stockholders on September 23, 2024. The meeting resulted in the election of four directors and the approval of executive compensation and the appointment of Marcum LLP as independent auditors.
📋 Key Facts
- Annual Meeting held on September 23, 2024.
- Quorum represented 8,134,825 shares, approximately 55.63% of outstanding shares.
- Four directors elected: Desmond Wheatley, Judy Krandel, Anthony Posawatz, and George Syllantavos.
- Advisory vote on executive compensation was approved.
- Ratification of Marcum LLP as independent registered public accounting firm for fiscal year 2024 was approved.
Beam Global acquired Telcom d.o.o Beograd, a Serbian telecommunications equipment manufacturer, for a total purchase price of EUR 815,298.3636 in cash and common stock. The deal includes an earnout provision based on revenue milestones through 2025.
🚩 Red Flags
- Issuance of unregistered equity securities as part of the consideration (Section 3.02).
📋 Key Facts
- Acquisition date: August 30, 2024.
- Total purchase price: EUR 815,298.3636.
- Payment structure: EUR 430,000 in cash and 82,506 shares of Beam common stock.
- Earnout provision: Sellers can earn up to an additional EUR 250,000 in Beam common stock if revenue milestones are met for FY2024 and FY2025.
- Telcom's working capital at closing: Approximately EUR 500,000 (including EUR 220,000 cash).
- The issuance of shares is subject to a cap of 19.99% of Beam's outstanding common stock.
Beam Global issued an 8-K to announce the release of its financial results for the quarterly period ending June 30, 2024.
📋 Key Facts
- Report date: August 13, 2024
- Reporting period: Quarter ending June 30, 2024
- The filing serves to furnish financial results via a press release (Exhibit 99.1)
- Information is furnished under Item 2.02 and not considered 'filed' for liability purposes under Section 18.
Beam Global announced the resignation of Peter Davidson from its Board of Directors and his committees. The departure is for personal reasons and effective as of September 23, 2024.
🚩 Red Flags
- None identified; departure is characterized as non-dispute related.
📋 Key Facts
- Peter Davidson is resigning from the Board of Directors.
- Resignation includes membership on the Audit, Nominating, and Governance committees.
- Effective date of resignation: September 23, 2024.
- The company stated the resignation was for personal reasons and not due to any disagreement with the Company.
Beam Global issued an 8-K to announce its financial results for the quarter ended March 31, 2024. The filing serves as a formal announcement of the earnings release and incorporates the press release by reference.
📋 Key Facts
- Report date: May 21, 2024
- Reporting period: Quarter ending March 31, 2024
- The filing includes a press release as Exhibit 99.1 regarding results of operations and financial condition.
- The information provided under Item 2.02 is not considered 'filed' for purposes of Section 18 of the Exchange Act.
Beam Global issued an 8-K to announce the release of its financial results for the fiscal year ended December 31, 2023. The filing serves as a formal notification that earnings data is being furnished via an attached press release.
📋 Key Facts
- The company announced financial results for the fiscal year ended December 31, 2023.
- Results were released on April 16, 2024.
- The filing includes a press release as Exhibit 99.1 containing the detailed financial data.
Beam Global has extended a consulting agreement with its former Chief Financial Officer, Kathy McDermott. The extension is intended to support the current CFO on an as-needed basis through June 30, 2024.
🚩 Red Flags
- Continued reliance on a former CFO via hourly consulting may indicate transitional friction or lack of depth in the current finance department.
📋 Key Facts
- Former CFO Kathy McDermott was under a consulting agreement effective January 1, 2024.
- The original term of the consulting agreement expired on March 31, 2024.
- On April 7, 2024, the company extended the agreement through June 30, 2024.
- The compensation rate for consulting services is $225 per hour.
Beam Global entered into an Amended and Restated Lease Agreement for manufacturing and office space in Broadview, Illinois. The lease replaces a previous 2020 agreement and secures the company's facility through January 31, 2029.
📋 Key Facts
- Entered into an Amended and Restated Lease Agreement with CRE South 25th Associates LLC on February 1, 2024.
- Lease covers approximately 37,800 square feet of manufacturing and office space in Broadview, IL.
- The lease term expires on January 31, 2029.
- Annual fixed rent for Year 1 is $340,200; increasing annually to $390,387.32 by Year 5.
- Company is responsible for additional costs including utilities, taxes, insurance, and operating expenses.
Beam Global entered into an amendment to its October 20, 2023, Share Sale and Purchase Agreement regarding the acquisition of Amiga DOO Kraljevo. The amendment removes a service requirement for sellers to qualify for earnout consideration based on revenue milestones.
🚩 Red Flags
- Modification of earnout terms can sometimes indicate friction with sellers or changes in operational control, though not explicitly stated here.
📋 Key Facts
- Amendment dated February 16, 2024, to the original Purchase Agreement dated October 6, 2023.
- The amendment modifies the terms of 'Earnout Consideration' related to the acquisition of Amiga DOO Kraljevo.
- Sellers are eligible for additional Beam common stock based on revenue milestones for fiscal years 2024 and 2025.
- The key change is the removal of the requirement that Sellers must be providing services to Amiga to receive the Earnout Consideration.
Beam Global announced the engagement of Marcum LLP as its new independent registered public accounting firm, effective February 3, 2024. The company stated there were no disagreements with the former auditor regarding accounting principles or financial reporting.
🚩 Red Flags
- Auditor change in a micro-cap context can sometimes precede restatements, though no disagreement was reported here.
📋 Key Facts
- Effective date of change: February 3, 2024.
- New Auditor: Marcum LLP.
- The company explicitly stated that neither the Company nor anyone on its behalf consulted with Marcum regarding any disagreements with former auditors or specific accounting treatments prior to this engagement.
Beam Global announced a compensatory arrangement for Sandra Peterson, Vice President of Sales and Marketing, involving the grant of stock options. The filing does not indicate an officer departure but rather an incentive compensation event.
📋 Key Facts
- On January 26, 2024, Beam Global granted VP of Sales and Marketing Sandra Peterson an option to purchase up to 50,000 shares of common stock.
- The exercise price for the options is set at $6.31 per share.
- The options vest monthly over a four-year period starting January 31, 2024.
Beam Global announced the appointment of Mark Myers as Chief Operating Officer, effective January 16, 2024. The filing details his compensation package and professional background.
📋 Key Facts
- Mark Myers appointed as Chief Operating Officer (COO) on January 16, 2024.
- Annual salary set at $250,000.
- Eligible for an annual bonus of up to 50% of base salary based on performance metrics.
- Granted option to purchase up to 50,000 shares of common stock at an exercise price of $5.90.
- Stock options vest monthly over a four-year period starting January 31, 2024.
- Mr. Myers previously held roles at thyssenkrupp Bilstein of America and General Atomics Electromagnetic Systems.
Beam Global announced the appointment of Mark Myers as Chief Operating Officer, effective January 16, 2024. The filing details his professional background and compensation package.
🚩 Red Flags
- None identified in this filing.
📋 Key Facts
- Mark Myers appointed as Chief Operating Officer (COO).
- Appointment date: January 16, 2024; Announcement date: January 30, 2024.
- Annual base salary: $250,000.
- Bonus eligibility: Up to 50% of base salary based on performance metrics.
- Equity compensation: Option to purchase up to 50,000 shares of common stock at an exercise price of $5.90 per share.
- Vesting schedule: Monthly over a four-year period commencing January 31, 2024.
Beam Global dismissed its independent auditor, RSM US LLP, on January 3, 2024. The filing also notes the departure of the CFO and her transition to a consulting role.
🚩 Red Flags
- Auditor change (dismissal of RSM US LLP).
- Departure of Chief Financial Officer (transitioned to consultant).
- History of material weaknesses in internal controls over financial reporting regarding inventory and business combinations.
- Multiple 8-K items reported in a single filing (4.01, 5.02).
📋 Key Facts
- Dismissed RSM US LLP as independent registered public accounting firm effective January 3, 2024.
- No disagreements with RSM on accounting principles or auditing scope were reported.
- The company disclosed historical material weaknesses in internal controls over financial reporting related to inventory tracking (2021-2023) and business combination valuations (Q1 2022).
- Former CFO Kathy McDermott entered into a consulting agreement effective January 1, 2024, at $225 per hour through March 31, 2024.
- The company is currently in the process of appointing a successor auditor.