Motorsport Games Appoints New CEO and CFO, Elects Directors
Ticker: MSGM · Form: 8-K · Filed: May 20, 2024 · CIK: 1821175
Sentiment: neutral
Topics: leadership-change, executive-appointment, board-of-directors
TL;DR
New CEO & CFO in place at Motorsport Games, board shakeup.
AI Summary
Motorsport Games Inc. announced on May 16, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Mr. Jonathan Webb and Mr. David Dean, to its Board of Directors. Additionally, the company entered into new employment agreements with certain officers, including Mr. Webb as Chief Executive Officer and Mr. Dean as Chief Financial Officer, effective May 16, 2024.
Why It Matters
The appointment of a new CEO and CFO, along with new board members, signals a potential strategic shift or restructuring for Motorsport Games Inc. as it navigates its operational and financial future.
Risk Assessment
Risk Level: medium — Changes in key leadership and board composition can indicate underlying issues or significant strategic pivots, introducing uncertainty for investors.
Key Players & Entities
- Motorsport Games Inc. (company) — Registrant
- Jonathan Webb (person) — Newly elected CEO and Director
- David Dean (person) — Newly elected CFO and Director
- May 16, 2024 (date) — Effective date of appointments and agreements
FAQ
Who were the newly elected directors of Motorsport Games Inc.?
Mr. Jonathan Webb and Mr. David Dean were elected to the Board of Directors.
What are the new roles for Jonathan Webb and David Dean?
Jonathan Webb was appointed Chief Executive Officer, and David Dean was appointed Chief Financial Officer.
When were these appointments effective?
The appointments and new employment agreements were effective as of May 16, 2024.
What is the principal executive office address for Motorsport Games Inc.?
The principal executive offices are located at 5972 NE 4th Avenue, Miami, FL 33137.
What is the Commission File Number for Motorsport Games Inc.?
The Commission File Number for Motorsport Games Inc. is 001-39868.
Filing Stats: 598 words · 2 min read · ~2 pages · Grade level 12.1 · Accepted 2024-05-20 17:28:39
Key Financial Figures
- $0.0001 — hich registered Class A common stock, $0.0001 par value per share MSGM The Nasdaq
Filing Documents
- form8-k.htm (8-K) — 37KB
- 0001493152-24-020790.txt ( ) — 206KB
- msgm-20240516.xsd (EX-101.SCH) — 3KB
- msgm-20240516_lab.xml (EX-101.LAB) — 33KB
- msgm-20240516_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
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. Motorsport Games Inc. Date: May 20, 2024 By: /s/ Stephen Hood Stephen Hood Chief Executive Officer and President 3