Business Context and Reporting Period
This Form 8-K filing by Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) was submitted on May 8, 2020, with a report date of May 12, 2020. The filing addresses corporate governance changes, specifically the appointment of a new director and the retirement of an existing director.
Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document focuses exclusively on personnel changes within the Board of Directors.
Material Changes
- Board Appointment: John C. Hockin was appointed to the Board of Directors effective May 8, 2020. He will serve on the Compensation and Finance Committees.
- Board Retirement: Victor L. Crawford notified the Board of his intention to retire at the end of his current term due to time limitations. The filing states this decision is not the result of any disagreement with the Company.
Management Commentary and Risks
Mr. Hockin brings experience in leadership, strategy, investments, governance, and finance. He is currently a Managing Director at Kohlberg Kravis Roberts & Co. and previously held senior roles at Golden Gate Capital, J.H. Whitney & Co., and Morgan Stanley. The Company confirmed there are no undisclosed arrangements regarding Mr. Hockin's selection and that he has declined compensation for his board service. No specific financial risks or contingencies were disclosed in this report.
Key Facts for Investor Verification
- Verify the effective date of John C. Hockin's board appointment (May 8, 2020) and his committee assignments.
- Confirm the timeline for Victor L. Crawford's retirement from the Board.
- Note that Mr. Hockin is serving without compensation.
- Review the attached press release (Exhibit 99.1) for additional context on the board changes.