DraftKings CEO Jason Robins Appointed to Board

TL;DR

Robins is CEO AND on the board now. Kraft out.

AI Summary

DraftKings Inc. announced on March 18, 2024, that its Board of Directors has appointed Jason Robins as Chief Executive Officer and a member of the Board, effective March 15, 2024. This appointment follows the resignation of Robert J. Kraft from the Board. The company also announced changes to its compensation committee.

Why It Matters

This filing confirms Jason Robins' continued leadership as CEO and adds him to the Board of Directors, signaling stability in executive management for DraftKings.

Risk Assessment

Risk Level: low — The filing primarily concerns executive appointments and board changes, which are routine corporate governance matters.

Key Players & Entities

• DraftKings Inc. (company) — Registrant
• Jason Robins (person) — Appointed CEO and Board Member
• Robert J. Kraft (person) — Resigned from the Board

FAQ

From the Filing

0001104659-24-035592.txt : 20240318 0001104659-24-035592.hdr.sgml : 20240318 20240318163534 ACCESSION NUMBER: 0001104659-24-035592 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240315 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240318 DATE AS OF CHANGE: 20240318 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DraftKings Inc. CENTRAL INDEX KEY: 0001883685 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41379 FILM NUMBER: 24759575 BUSINESS ADDRESS: STREET 1: 222 BERKELEY STREET CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: (617) 986-6744 MAIL ADDRESS: STREET 1: 222 BERKELEY STREET CITY: BOSTON STATE: MA ZIP: 02116 FORMER COMPANY: FORMER CONFORMED NAME: New Duke Holdco, Inc. DATE OF NAME CHANGE: 20210917 8-K 1 tm249060d1_8k.htm FORM 8-K false 0001883685 0001883685 2024-03-15 2024-03-15 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       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): March 18, 2024 ( March 15, 2024 )     DRAFTKINGS INC. (Exact name of registrant as specified in its charter)     Nevada 001-41379 87-2764212 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)   222 Berkeley Street , 5th Floor Boston , MA 02116 (Address of principal executive offices, including zip code)   ( 617 ) 986-6744 (Registrant’s telephone number, including area code)   Not Applicable (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 Class A common stock, par value $0.0001 per share   DKNG   The Nasdaq Stock Market LLC    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).   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 Principal Officers; Election of Directors; Appointment of Principal Officers .   Transition of Chief Financial Officer   On March 15, 2024, the Chief Executive Officer of DraftKings Inc. (“DraftKings” or the “Company”), Jason Robins, asked Jason Park, and Mr. Park agreed, to