DraftKings Files 8-K on Shareholder Votes and Financials

Ticker: DKNG · Form: 8-K · Filed: 2024-05-17T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, filing, financial-reporting

Related Tickers: DKNG

TL;DR

DKNG filed an 8-K on May 17th covering shareholder votes and financials.

AI Summary

DraftKings Inc. filed an 8-K on May 17, 2024, reporting on the submission of matters to a vote of security holders and financial statements. The filing date for the report is May 17, 2024, with the earliest event reported on May 13, 2024. The company, formerly known as New Duke Holdco, Inc., is incorporated in Nevada and headquartered in Boston, MA.

Why It Matters

This filing provides updates on corporate governance matters and financial reporting, which are crucial for investors to understand the company's operational and strategic direction.

Risk Assessment

Risk Level: low — This is a routine filing for corporate reporting and does not indicate any immediate or significant risks.

Key Players & Entities

FAQ

What specific matters were submitted to a vote of DraftKings Inc. security holders?

The filing indicates that matters were submitted to a vote of security holders, but the specific details of these matters are not elaborated upon in the provided text.

What is the significance of the 'Submission of Matters to a Vote of Security Holders' item in this 8-K?

This item signifies that the company is reporting on events where shareholders were asked to vote on certain proposals or corporate actions.

When was the earliest event reported in this filing?

The earliest event reported in this filing occurred on May 13, 2024.

What is DraftKings Inc.'s state of incorporation and fiscal year end?

DraftKings Inc. is incorporated in Nevada and its fiscal year ends on December 31.

What was DraftKings Inc.'s former company name?

DraftKings Inc.'s former company name was New Duke Holdco, Inc.

From the Filing

0001628280-24-024087.txt : 20240517 0001628280-24-024087.hdr.sgml : 20240517 20240517163213 ACCESSION NUMBER: 0001628280-24-024087 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240517 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240517 DATE AS OF CHANGE: 20240517 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: 24960345 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 dkng-20240517.htm 8-K dkng-20240517 0001883685 FALSE 0001883685 2024-05-17 2024-05-17 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): May 17, 2024 (May 13, 2024) DRAFTKINGS INC. (Exact name of registrant as specified in its charter) Nevada (State or other jurisdiction of incorporation) 001-41379 (Commission File Number) 87-2764212 (IRS Employer Identification No.) 222 Berkeley Street , 5th Floor Boston , MA 02116 (Address of principal executive offices, including zip code) Registrant’s telephone number, including area code: ( 617 ) 986-6744 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 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 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 5.07. Submission of Matters to a Vote of Security Holders. On May 13, 2024, DraftKings Inc. (the “Company”) held its 2024 Annual Meeting of Shareholders (the “Annual Meeting”). The following matters were voted upon at the Annual Meeting: 1. To elect ten directors to the Company’s board of directors; 2. To ratify the appointment of BDO USA, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024; 3. To conduct a non-binding advisory vote on executive compensation; and 4. To consider a shareholder proposal regarding disclosure of certain political contributions. The following are

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