Business Context and Reporting Period
This Form 8-K filing by Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) reports a corporate governance event. The report date is September 10, 2021, covering an event that occurred on September 8, 2021.
Key Financial Metrics
This filing does not contain financial performance data. Revenue, profit, cash flow, margins, debt, and liquidity metrics are not reported in this document.
Material Changes
The material change reported is the departure of a director from the Board of Directors.
- Resignation: John C. Hockin tendered his resignation effective September 8, 2021.
- Reason: Mr. Hockin left his position as Head of Public Equity Investing at Kohlberg Kravis Roberts & Co. to become a Founding and Managing Partner of a new fund, Sea Cliff Partners.
- Board Composition: Following this departure, the Board size was reduced to eight directors.
- Disagreement Status: The resignation was not the result of any disagreement with the Company or the Board regarding operations, policies, or practices.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future performance. No new risks, contingencies, or unusual items were disclosed in this report.
Investor Verification Checklist
- Confirm the current composition of the Board of Directors following the reduction to eight members.
- Review the Company's Corporate Governance Guidelines regarding director tenure and resignation procedures.
- Verify if any new director appointments are planned to replace the departing member.