Skillz Reports Officer/Director Changes, Compensation on Jan 8

Ticker: SKLZ · Form: 8-K · Filed: Jan 9, 2024 · CIK: 1801661

Skillz Inc. 8-K Filing Summary
FieldDetail
CompanySkillz Inc. (SKLZ)
Form Type8-K
Filed DateJan 9, 2024
Risk Levelmedium
Pages3
Reading Time4 min
Key Dollar Amounts$0.0001, $400,000
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: executive-change, compensation, corporate-governance

TL;DR

**Skillz filed an 8-K about leadership and compensation changes on Jan 8.**

AI Summary

Skillz Inc. filed an 8-K on January 9, 2024, reporting an event that occurred on January 8, 2024, related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.' This filing indicates a change in the company's leadership or executive compensation structure. For investors, this matters because changes in key personnel or their compensation can signal shifts in company strategy, financial health, or future performance, potentially impacting the stock's value.

Why It Matters

Changes in executive leadership or compensation can signal strategic shifts or financial health concerns, directly influencing investor confidence and the company's future direction.

Risk Assessment

Risk Level: medium — The filing indicates changes in leadership or compensation, which can introduce uncertainty regarding future company direction and stability.

Analyst Insight

A smart investor would monitor subsequent filings or company announcements for specific details regarding the personnel changes and compensation arrangements to understand their potential impact on Skillz's strategic direction and financial health.

Key Numbers

  • January 8, 2024 — Date of earliest event reported (This is the specific date the reported event, such as a departure or appointment, occurred.)
  • January 9, 2024 — Filing date (This is when the 8-K was officially filed with the SEC.)
  • $0.0001 — Class A common stock par value (This is the nominal value assigned to each share of Skillz's Class A common stock.)

Key Players & Entities

  • Skillz Inc. (company) — registrant
  • 001-39243 (dollar_amount) — Commission File Number
  • 84-4478274 (dollar_amount) — IRS Employer Identification No.
  • January 8, 2024 (date) — Date of earliest event reported
  • January 9, 2024 (date) — Filed as of date
  • 6625 Badura Avenue Las Vegas, Nevada 89118 (location) — Address of principal executive offices
  • 415-762-0511 (dollar_amount) — Registrant’s telephone number
  • $0.0001 (dollar_amount) — par value per share of Class A common stock

FAQ

What specific event did Skillz Inc. report in this 8-K filing?

Skillz Inc. reported an event concerning 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers' as per Item 5.02 of Form 8-K.

When did the earliest event reported in this 8-K filing occur?

The earliest event reported in this 8-K filing occurred on January 8, 2024.

What is the trading symbol and exchange for Skillz Inc.'s Class A common stock?

Skillz Inc.'s Class A common stock trades under the symbol 'SKLZ' on the NYSE.

What is the par value of Skillz Inc.'s Class A common stock?

The par value of Skillz Inc.'s Class A common stock is $0.0001 per share.

What is the business address of Skillz Inc. as stated in the filing?

The business address of Skillz Inc. is 6625 Badura Avenue, Las Vegas, Nevada 89118.

Filing Stats: 971 words · 4 min read · ~3 pages · Grade level 10.4 · Accepted 2024-01-08 19:06:16

Key Financial Figures

  • $0.0001 — stered Class A common stock, par value $0.0001 per share SKLZ NYSE Indicate by chec
  • $400,000 — ry 5, 2024, he will be paid a salary of $400,000 per year. He will also be eligible to r

Filing Documents

02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Officers

Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Officers. Departure of Jason Roswig On January 5, 2024, Jason Roswig informed Skillz Inc. (the "Company") of his decision to step down from his position as the President and Chief Financial Officer. Mr. Roswig has served in this role since August 8, 2022. Mr. Roswig's decision to step down was due to personal reasons and not as a result of any disagreement with the Company on any matter relating to its operations, policies or practices. Mr. Roswig has agreed to provide consulting and transition services to the Company for an interim period, the details of which will be disclosed in an amendment to this Current Report on Form 8-K. We thank Mr. Roswig for his dedicated service to the Company. Appointment of New Chief Financial Officer Effective January 8, 2024 (the "Effective Date"), Gaetano Franceschi, 51, will serve as the Chief Financial Officer of the Company. Mr. Franceschi previously served as the Senior Vice President and Head of Finance of Compass from March 2023 until December 2023, where he also served as the Vice President and Head of Finance from May 2021 to February 2023. Prior to Compass, a real estate technology company, Mr. Franceschi served as the CFO of Amazon Games from August 2019 until April 2021, and served as the CFO of Amazon Web Services Data Center General Services from April 2017 to July 2019. Prior to that, Mr. Franceschi served in a variety of positions at Citi from November 2011 to March 2017, including CFO of Corporate Real Estate, Global Head of FP&A Ops & Tech, and CFO of Global Re-engineering. Mr. Franceschi holds a Master's in Business Administration from Columbia University and a Bachelor of Science in Industrial Engineering from Northwestern University. Under an offer letter (the "Offer Letter") that Mr. Franceschi entered into with the Company and approved by the Compensation Committee of the Board of Directors (the "Board") o

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 10.1 Offer Letter, dated Octob er 17, 2023 , between Skillz Inc. and Gaetano Franceschi .

SIGNATURES

SIGNATURES 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. SKILLZ INC. By: /s/ Andrew Dahlinghaus Name: Andrew Dahlinghaus Title: General Counsel Date: January 8, 2024

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