Motorsport Games Inc. — Form 8-K Summary
Business context and reporting period
Motorsport Games Inc. filed a Current Report on Form 8-K dated January 6, 2022, with the report signed on January 10, 2022. The filing concerns executive compensation and does not report quarterly or annual operating results.
Material event
On January 6, 2022, the compensation committee approved incentive stock-option grants under the Motorsport Games Inc. 2021 Equity Incentive Plan:
- Dmitry Kozko, Chief Executive Officer: options for 66,307 shares of Class A common stock.
- Jonathan New, Chief Financial Officer: options for 76,143 shares.
- Stephen Hood, President: options for 29,593 shares.
The grants cover an aggregate of 172,043 shares. Each option vests in three equal annual installments beginning January 6, 2023.
Financial metrics, liquidity, and outlook
The filing does not provide revenue, profit, cash flow, margin, debt, liquidity, guidance, or other operating metrics. It also does not state the options’ exercise prices, expiration dates, fair values, or expected compensation expense.
Investor verification items
- Verify the exercise price, expiration period, and other terms of each option grant.
- Assess the potential dilution from the 172,043 underlying shares.
- Review subsequent filings for the accounting impact, vesting status, or modification of these awards.
- Confirm the grants were made pursuant to the 2021 Equity Incentive Plan and remain subject to its terms.