Motorsport Games Appoints New Directors, Adjusts CEO Compensation
Ticker: MSGM · Form: 8-K · Filed: Apr 22, 2025 · CIK: 1821175
Sentiment: neutral
Topics: board-changes, executive-compensation
TL;DR
Motorsport Games shakes up the board with new directors and adjusts CEO pay.
AI Summary
On April 16, 2025, Motorsport Games Inc. reported the departure of Director Jonathan Webb and the appointment of two new directors, Jonathan Michael and David L. Y. Chen. The company also announced a new compensatory arrangement for its Chief Executive Officer, Dmitry Kozko, which includes a base salary of $300,000 and potential bonuses.
Why It Matters
The changes in board composition and executive compensation could signal a strategic shift or a response to recent performance, impacting investor confidence and future company direction.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts or responses to performance challenges, warranting closer monitoring.
Key Numbers
- $300,000 — CEO Base Salary (New compensatory arrangement for Dmitry Kozko.)
Key Players & Entities
- Motorsport Games Inc. (company) — Registrant
- Jonathan Webb (person) — Departing Director
- Jonathan Michael (person) — Appointed Director
- David L. Y. Chen (person) — Appointed Director
- Dmitry Kozko (person) — CEO
- $300,000 (dollar_amount) — CEO Base Salary
FAQ
Who has departed from the board of directors at Motorsport Games Inc.?
Director Jonathan Webb has departed from the board of directors.
Who has been appointed as new directors to the board?
Jonathan Michael and David L. Y. Chen have been appointed as new directors.
What is the new base salary for the CEO, Dmitry Kozko?
The new base salary for Dmitry Kozko is $300,000.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported is dated April 16, 2025.
What is the primary business of Motorsport Games Inc. according to the filing?
Motorsport Games Inc. is in the SERVICES-PREPACKAGED SOFTWARE industry, SIC code 7372.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on April 22, 2025 by Jonathan Webb regarding Motorsport Games Inc. (MSGM).