Business Context and Reporting Period
This Form 8-K Current Report is filed by Motorsport Games Inc. (MSGM) on June 12, 2026. The filing reports significant changes to the company's executive leadership structure, specifically the appointment of a new Chief Financial Officer and the transition of the incumbent CFO to a different role. The company is incorporated in Delaware and trades on The Nasdaq Capital Market.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive compensation and employment terms.
Material Changes
- Leadership Transition: Stanley Beckley is transitioning from Chief Financial Officer to Chief Accounting and Compliance Officer, effective July 1, 2026.
- New CFO Appointment: Peter Hansen-Chambers has been appointed as the new Chief Financial Officer, effective July 1, 2026.
- Compensation Structure:
- Peter Hansen-Chambers: Annual base salary of £240,000 (GBP). Eligible for an annual bonus with a target of 25% of base salary and potential equity awards under the 2021 Equity Incentive Plan.
- Stanley Beckley: Annual base salary of $250,000 (USD) in his new role. Received a signing bonus of $7,000.
Outlook, Risks, and Unusual Items
Management Commentary and Background: Peter Hansen-Chambers brings nearly 20 years of experience in the video games industry, including roles at Hutch Games Ltd (where he served as Co-CEO and CFO), Sony Computer Entertainment Europe, and Codemasters. He previously oversaw the sale of Hutch Games to Modern Times Group for over $275 million.
Employment Terms and Risks:
- Termination Provisions: Mr. Hansen-Chambers' agreement includes specific notice periods ranging from 4 to 12 months depending on tenure, with provisions for payment in lieu of notice. Immediate termination without payment is permitted for gross misconduct or criminal conviction.
- Restrictive Covenants: Mr. Hansen-Chambers is subject to non-competition, non-solicitation, and confidentiality restrictions for 12 months post-employment.
- Legal Release: Mr. Beckley's amendment includes a general release of claims against the company, subject to a seven-day revocation period.
Investor Verification Checklist
- Verify the effective date of the leadership transition (July 1, 2026) and confirm the interim reporting structure.
- Review the full text of Exhibit 10.1 (Hansen-Chambers Employment Agreement) for specific performance metrics tied to the 25% bonus target.
- Confirm the currency conversion impact of the new CFO's salary (£240,000 GBP) on the company's USD-based financial statements.
- Monitor the status of the General Release signed by Stanley Beckley to ensure the seven-day revocation period has passed without action.
- Check subsequent filings for any changes to the company's internal controls or financial reporting processes resulting from the CFO transition.