Skillz Inc. Reports Director/Officer Changes & Compensatory Arrangements
Ticker: SKLZ · Form: 8-K · Filed: Dec 23, 2025 · CIK: 1801661
| Field | Detail |
|---|---|
| Company | Skillz Inc. (SKLZ) |
| Form Type | 8-K |
| Filed Date | Dec 23, 2025 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.0001, $1.5 million, $3.0 million, $9.00, $19.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, compensation, corporate-governance
Related Tickers: SKLZ
TL;DR
Skillz shakes up board and exec comp - new faces, new pay.
AI Summary
Skillz Inc. filed an 8-K on December 23, 2025, reporting on events that occurred on December 19, 2025. The filing covers the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. It also includes financial statements and exhibits.
Why It Matters
Changes in directors and officers, along with details on their compensation, can signal shifts in company strategy or leadership, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in key personnel and compensation structures can indicate internal shifts that may carry financial or strategic risks.
Key Players & Entities
- Skillz Inc. (company) — Registrant
- December 19, 2025 (date) — Earliest event reported
- December 23, 2025 (date) — Filing date
- Delaware (jurisdiction) — State of incorporation
- 6625 Badura Avenue, Las Vegas, Nevada 89118 (address) — Principal executive offices
- Flying Eagle Acquisition Corp. (company) — Former company name
FAQ
Who are the directors or officers departing from Skillz Inc.?
The filing indicates the departure of directors or certain officers, but specific names are not provided in this excerpt.
Who has been elected as a new director for Skillz Inc.?
The filing mentions the election of directors, but the names of the newly elected directors are not specified in this document excerpt.
Are there any new officer appointments at Skillz Inc.?
Yes, the filing states the appointment of certain officers, but their identities are not detailed in this section.
What is the nature of the compensatory arrangements being reported?
The filing covers compensatory arrangements of certain officers, but the specific details of these arrangements are not elaborated upon in this excerpt.
When was Skillz Inc. formerly known as Flying Eagle Acquisition Corp.?
Skillz Inc. was formerly known as Flying Eagle Acquisition Corp. prior to a name change on January 30, 2020.
Filing Stats: 1,729 words · 7 min read · ~6 pages · Grade level 12.5 · Accepted 2025-12-23 16:18:46
Key Financial Figures
- $0.0001 — stered Class A common stock, par value $0.0001 per share SKLZ NYSE Indicate by chec
- $1.5 million — SUs") having a grant date fair value of $1.5 million and (b) performance stock units ("PSUs"
- $3.0 million — PSUs") with a grant date fair value of $3.0 million (the "Special PSU Award," and together
- $9.00 — of stock price milestones ranging from $9.00 to $19.00 and (ii) Mr. Paradise's conti
- $19.00 — price milestones ranging from $9.00 to $19.00 and (ii) Mr. Paradise's continued Servi
Filing Documents
- sklz-20251219.htm (8-K) — 43KB
- skillz-ceoannualltiawardag.htm (EX-10.1) — 63KB
- skillz-ceospecialpsuawarda.htm (EX-10.2) — 71KB
- 0001801661-25-000104.txt ( ) — 317KB
- sklz-20251219.xsd (EX-101.SCH) — 2KB
- sklz-20251219_lab.xml (EX-101.LAB) — 21KB
- sklz-20251219_pre.xml (EX-101.PRE) — 12KB
- sklz-20251219_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. As a result of delays in the filing of the Skillz Inc.'s (the "Company") Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and its Quarterly Reports on Form 10-Q for its 2025 quarterly periods, the Company's 2025 annual long-term equity incentive grants to its employees were delayed. Following the Company's filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and all of its Quarterly Reports on Form 10-Q for its 2025 quarterly periods on December 11, 2025, the Company awarded its ordinary course 2025 annual long-term equity incentive grants to its employees on December 19, 2025. In connection with the 2025 annual long-term equity incentive grants to all employees, the Board of Directors of the Company (the "Board"), at the recommendation of a special committee (the "Special Committee") of independent directors of the Board, approved (i) a 2025 annual long-term equity incentive grant to Andrew Paradise, the Company's Chief Executive Officer, Chairman and controlling stockholder, consisting of (a) restricted stock units ("RSUs") having a grant date fair value of $1.5 million and (b) performance stock units ("PSUs") with a grant date fair value of $1.5 million (collectively, the "2025 LTI Award") and (ii) a special one-time award of performance stock units (the "Special PSUs") with a grant date fair value of $3.0 million (the "Special PSU Award," and together with the 2025 LTI Award, the "CEO Equity Awards") under the Company's 2020 Omnibus Incentive Plan, as amended (the "Omnibus Plan"). Mr. Paradise may earn one share of the Company's Class A common stock for each RSU, PSU and Special PSU that vests under the CEO Equity Awards, as described below. The principal terms of the CEO Equity Awards are summarized below. In considering the terms of Mr. Paradise's CEO Equity Awards, the Special Committee completed
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 CEO Long-Term Incentive Equity Award Agreement, dated December 19, 2025 10.2 CEO Special Performance Stock Unit Award Agreement, dated December 19, 2025 104 Cover Page Interactive Data File (embedded within the XBRL document)
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/ Todd A. Valli Name: Todd A. Valli Title: Chief Accounting Officer Date: December 23, 2025