8-K - Motorsport Games Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Motorsport Games Inc. entered into employment agreements on March 27, 2026, appointing Stephen Hood as CEO with GBP 378,000 base salary and Stanley Beckley as CFO with $300,000 base salary.

Key Takeaways

1Stephen Hood appointed CEO effective March 27, 2026, via Motorsport Games Ltd with GBP 378,000 annual base salary and 50% target bonus.

2Stanley Beckley appointed CFO effective March 27, 2026, with $300,000 annual base salary and 25% target bonus.

3Hood reports to Board; Beckley reports to CEO and Board.

4Hood's termination notice: 6 months by employee, 18 months by company or payment in lieu.

5Beckley's severance: 6 months base salary without cause; accelerated equity vesting post-change in control.

6Both subject to non-compete, non-solicit, and confidentiality covenants.

Current Report Details

Event Type

Management Change

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

5.02

. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Employment

Management Change

$300.0K

9.01

. Financial Statements and Exhibits. (d) Exhibits. | Exhibit Number | | Exhibit Description | |---|---|---| | | | | | 10.1 | | Statement of Terms and Conditions

Exhibits Only

Executive & Director Changes

Stephen Hood

Chief Executive Officer

Appointment

Effective: 2026-03-27

Stanley Beckley

Chief Financial Officer

Appointment

Effective: 2026-03-27

Exhibits (3)

10.1

EX-10.1

10.2

EX-10.2

8-K