Business Context and Reporting Period
This Form 8-K Current Report was filed by Dave & Buster's Entertainment, Inc. on May 6, 2019, reporting events that occurred on May 2, 2019. The filing addresses significant changes in the company's executive leadership structure.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on personnel appointments and compensation arrangements rather than financial performance data.
Material Changes
The primary material change reported is the appointment of new senior officers effective May 6, 2019:
- Scott J. Bowman was elected Senior Vice President and Chief Financial Officer. He previously served as CFO of Hibbett Sports, Inc. and held various roles at The Home Depot.
- Joe DeProspero was promoted to Senior Vice President, Supply Chain and Business Development. He had served as Interim CFO since August 2018.
Management Commentary and Compensation
Management has outlined the following compensatory arrangements for the new appointments:
- Scott J. Bowman: Initial annual base salary of $455,000. Eligible for an annual bonus set at 80% of base salary at target level and participation in the Company's long-term incentive plan.
- Joe DeProspero: Specific compensation details for this promotion are not detailed in the text, though his tenure as Interim CFO and prior roles within the company are noted.
The Company issued a press release on May 6, 2019, to announce these developments.
Investor Verification Checklist
- Verify the effective date of Scott J. Bowman's tenure as CFO (May 6, 2019).
- Confirm the transition of Joe DeProspero from Interim CFO to Senior Vice President, Supply Chain and Business Development.
- Review the attached press release (Exhibit 99.1) for additional context on the leadership transition.
- Note that this filing contains no financial performance data; refer to the most recent 10-Q or 10-K for financial metrics.