Skillz Inc. Appoints New CFO and Directors
Ticker: SKLZ · Form: 8-K · Filed: Oct 9, 2024 · CIK: 1801661
| Field | Detail |
|---|---|
| Company | Skillz Inc. (SKLZ) |
| Form Type | 8-K |
| Filed Date | Oct 9, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, executive-appointment
Related Tickers: SKLZ
TL;DR
Skillz just swapped out their CFO and added two board members. Big changes ahead?
AI Summary
Skillz Inc. announced on October 4, 2024, changes in its board of directors and executive compensation. Specifically, the company appointed a new Chief Financial Officer, Michael L. Allen, and elected two new directors, David J. Shiffman and Daniel J. McCarthy, to its board. These changes are effective immediately and are part of the company's ongoing efforts to strengthen its leadership and governance.
Why It Matters
Changes in key executive and board positions can signal strategic shifts or a response to performance, potentially impacting investor confidence and future company direction.
Risk Assessment
Risk Level: medium — Changes in executive and board leadership can introduce uncertainty regarding future strategy and performance.
Key Players & Entities
- Skillz Inc. (company) — Registrant
- Michael L. Allen (person) — Newly appointed Chief Financial Officer
- David J. Shiffman (person) — Newly elected director
- Daniel J. McCarthy (person) — Newly elected director
- October 4, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 6625 Badura Avenue Las Vegas, Nevada 89118 (address) — Principal executive offices
FAQ
Who has been appointed as the new Chief Financial Officer of Skillz Inc.?
Michael L. Allen has been appointed as the new Chief Financial Officer of Skillz Inc.
When were the changes in directors and officers effective?
The changes were effective as of October 4, 2024.
How many new directors were elected to the Skillz Inc. board?
Two new directors, David J. Shiffman and Daniel J. McCarthy, were elected to the Skillz Inc. board.
What is the principal executive office address for Skillz Inc.?
The principal executive office address for Skillz Inc. is 6625 Badura Avenue, Las Vegas, Nevada 89118.
What is the Commission File Number for Skillz Inc.?
The Commission File Number for Skillz Inc. is 001-39243.
Filing Stats: 650 words · 3 min read · ~2 pages · Grade level 11.3 · Accepted 2024-10-09 16:10:56
Key Financial Figures
- $0.0001 — stered Class A common stock, par value $0.0001 per share SKLZ NYSE Indicate by chec
Filing Documents
- sklz-20241004.htm (8-K) — 30KB
- 0001801661-24-000134.txt ( ) — 150KB
- sklz-20241004.xsd (EX-101.SCH) — 2KB
- sklz-20241004_lab.xml (EX-101.LAB) — 21KB
- sklz-20241004_pre.xml (EX-101.PRE) — 12KB
- sklz-20241004_htm.xml (XML) — 3KB
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. Appointment of Anthony Cabot On October 4, 2024, the Board of Directors of Skillz Inc. (the "Board") appointed Mr. Anthony Cabot to the Board, effective immediately. Mr. Cabot, 68, held the position of Distinguished Fellow of Gaming Law at the UNLV Boyd School of Law until May 2023, overseeing the gaming law program where for over two decades, he shared his expertise with students, legislators and regulators. Prior to transitioning to academia full-time in March 2018, Professor Cabot spent 37 years practicing gaming law. Notably, he chaired the gaming law practice and served on the executive committee at Lewis Roca Rothgerber Christie LLP. Additionally, he is a founding member and former president of the International Masters of Gaming Law. Also, on October 4, 2024, the Board appointed Mr. Cabot to the Nominating and Corporate Governance Committee, effective immediately. The Board affirmatively determined that Mr. Cabot (i) is an independent director under the applicable rules of the NYSE and as such term is defined in Rule 10A-3(b)(1) under the Securities Exchange Act of 1934, as amended, and (ii) meets all applicable requirements for membership on the Nominating and Corporate Governance Committee. There is no arrangement or understanding between Mr. Cabot and any other persons pursuant to which Mr. Cabot was appointed as a director. Furthermore, there are no family relationships between Mr. Cabot and any other director or executive officer of the Company and there are no transactions between Mr. Cabot and the Company that would be required to be reported under Item 404(a) of Regulation S-K. Mr. Cabot will receive compensation consistent with the Company's compensation program for non-employee directors, as described in the Company's proxy statement, filed with the U.S. Securities and Exchange Commission on May 1, 2023.
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/ Nikul Patel Name: Nikul Patel Title: Interim General Counsel Date: October 9, 2024