Form 8-K - Current report
2023年9月2日 - 6:10AM
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): August 29, 2023
ESPORTS
ENTERTAINMENT GROUP, INC.
(Exact
name of registrant as specified in its charter)
Nevada |
|
001-39262 |
|
26-3062752 |
(State
or other jurisdiction of |
|
(Commission |
|
(IRS
Employer |
incorporation
or organization) |
|
File
Number) |
|
Identification
No.) |
BLOCK
6,
TRIQ
PACEVILLE,
ST. JULIANS STJ 3109
MALTA
(Address
of principal executive offices) (Zip Code)
356
2713 1276
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock |
|
GMBL |
|
The
Nasdaq Stock Market LLC |
Common
Stock Purchase Warrants |
|
GMBLW |
|
The
Nasdaq Stock Market LLC |
10.0%
Series A Cumulative Redeemable Convertible Preferred Stock |
|
GMBLP |
|
The
Nasdaq Stock Market LLC |
Common
Stock Purchase Warrants |
|
GMBLZ |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
Appointment
of Michael Villani as Chief Financial Officer
Effective
August 29, 2023, Esports Entertainment Group, Inc. (the “Company”) announced the appointment of Michael Villani, 47, as
the permanent Chief Financial Officer, from his previous role as Interim Chief Financial Officer and Financial Controller. Mr. Villani
will continue to serve as the Company’s Principal Financial Officer.
Mr.
Villani joined the Company in February 2021 as its Financial Controller, and served as the Company’s interim Chief Financial Officer
from January 6, 2023 to August 29, 2023. Prior to joining the Company, Mr. Villani worked as a Director in the Deal Advisory practice
of KPMG supporting clients with technical accounting, buy-side and sell-side transactions, initial public offerings (IPOs) and SEC reporting.
Mr. Villani worked a total of 18 years at KPMG LLP, with 9 years in the Deal Advisory practice and 9 years in the audit practice. Mr.
Villani was also previously employed as the Chief Financial Officer of a Geneva based hedge fund and has held other senior accounting
level roles at public companies. Mr. Villani is a CPA and is a graduate of Pace University, magna cum laude.
In
connection with Mr. Villani’s appointment as the Chief Financial Officer, Mr. Villani and the Company entered into an employment
agreement (the “Agreement”) on August 29, 2023, which provides for a base salary of $250,000 Mr. Villani may also participate
in the executive stock option plan consistent with other C-level officers. Mr. Villani is eligible to earn an annual discretionary bonus,
subject to satisfaction of goals and objectives to be set each year by the Board of Directors.
The
Agreement is at-will and either the Company or Mr. Villani may terminate the employment at any time, with or without Cause (as defined
in the Agreement), or for any or no Cause, with 90 days advance written notice required to be provided by Mr. Villani
to the Company. Upon termination of Mr. Villani’s employment, other than for Cause, the Company shall pay or provide
Mr. Villani, subject to continued compliance with applicable restrictive covenants, three months’ salary continuation to be paid
in accordance with the Company’s payroll practices.
The
above description of the Agreement is not complete and is qualified in its entirety by reference to the full text of the Agreement,
which is expected to be filed as an exhibit to the Company’s Annual Report on Form 10-K for its fiscal year ended June 30, 2023.
There
are no familial relationships between Mr. Villani and any of the Company’s directors or executive officers. Mr. Villani is not
a party to any transaction, or any proposed transaction, required to be disclosed pursuant to Item 404(a) of Regulation S-K.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Date:
September 1, 2023 |
|
|
|
|
|
|
ESPORTS
ENTERTAINMENT GROUP, INC. |
|
|
|
|
By: |
/s/
Alex Igelman |
|
Name:
|
Alex
Igelman |
|
Title: |
Chief
Executive Officer |
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Esports Entertainment (NASDAQ:GMBLP)
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