8-K12B
filed May 5, 2022, 7:59 PM ET
ticker DKNG
CIK 0001883685
M&A
confidence high
sentiment positive
materiality 0.85
DraftKings closes merger with Golden Nugget Online Gaming on May 5, 2022
DraftKings Inc.
- Each GNOG share exchanged for 0.365 shares of new DraftKings Class A common stock; Old DraftKings shares converted 1-for-1.
- New DraftKings issued 4.48M Class A and 393M Class B shares to CEO Jason Robins; 13.19M Class A shares to Tilman Fertitta.
- Board expanded to 11 members; Jason Robins remains CEO, Matthew Kalish and Paul Liberman as presidents.
- GNOG warrants now exercisable for 0.365 shares of new Class A; Old DraftKings warrants remain exercisable 1-for-1.
- Convertible notes and equity awards assumed by New DraftKings under same terms; trademark license for 'GOLDEN NUGGET' granted for 50 years.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthew Kalish was appointed as Director at DraftKings Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of Jason D. Robins, Harry Evans Sloan, Matthew Kalish, Woodrow H. Levin, Shalom Meckenzie, Jocelyn Moore, Ryan R. Moore, Valerie Mosley, Steven J. Murray, and Marni M. Walden, which, together with Paul Liberman, served on the board of directors of Old DraftKings immediately prior to the Merger Effective Times, were appointed to the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Steven J. Murray was appointed as Director at DraftKings Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of Jason D. Robins, Harry Evans Sloan, Matthew Kalish, Woodrow H. Levin, Shalom Meckenzie, Jocelyn Moore, Ryan R. Moore, Valerie Mosley, Steven J. Murray, and Marni M. Walden, which, together with Paul Liberman, served on the board of directors of Old DraftKings immediately prior to the Merger Effective Times, were appointed to the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ryan R. Moore was appointed as Director at DraftKings Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of Jason D. Robins, Harry Evans Sloan, Matthew Kalish, Woodrow H. Levin, Shalom Meckenzie, Jocelyn Moore, Ryan R. Moore, Valerie Mosley, Steven J. Murray, and Marni M. Walden, which, together with Paul Liberman, served on the board of directors of Old DraftKings immediately prior to the Merger Effective Times, were appointed to the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jocelyn Moore was appointed as Director at DraftKings Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of Jason D. Robins, Harry Evans Sloan, Matthew Kalish, Woodrow H. Levin, Shalom Meckenzie, Jocelyn Moore, Ryan R. Moore, Valerie Mosley, Steven J. Murray, and Marni M. Walden, which, together with Paul Liberman, served on the board of directors of Old DraftKings immediately prior to the Merger Effective Times, were appointed to the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason D. Robins was appointed as Director at DraftKings Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of Jason D. Robins, Harry Evans Sloan, Matthew Kalish, Woodrow H. Levin, Shalom Meckenzie, Jocelyn Moore, Ryan R. Moore, Valerie Mosley, Steven J. Murray, and Marni M. Walden, which, together with Paul Liberman, served on the board of directors of Old DraftKings immediately prior to the Merger Effective Times, were appointed to the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Woodrow H. Levin was appointed as Director at DraftKings Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of Jason D. Robins, Harry Evans Sloan, Matthew Kalish, Woodrow H. Levin, Shalom Meckenzie, Jocelyn Moore, Ryan R. Moore, Valerie Mosley, Steven J. Murray, and Marni M. Walden, which, together with Paul Liberman, served on the board of directors of Old DraftKings immediately prior to the Merger Effective Times, were appointed to the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Marni M. Walden was appointed as Director at DraftKings Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of Jason D. Robins, Harry Evans Sloan, Matthew Kalish, Woodrow H. Levin, Shalom Meckenzie, Jocelyn Moore, Ryan R. Moore, Valerie Mosley, Steven J. Murray, and Marni M. Walden, which, together with Paul Liberman, served on the board of directors of Old DraftKings immediately prior to the Merger Effective Times, were appointed to the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason Park resigned as Director at DraftKings Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Jason Park resigned from the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Shalom Meckenzie was appointed as Director at DraftKings Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of Jason D. Robins, Harry Evans Sloan, Matthew Kalish, Woodrow H. Levin, Shalom Meckenzie, Jocelyn Moore, Ryan R. Moore, Valerie Mosley, Steven J. Murray, and Marni M. Walden, which, together with Paul Liberman, served on the board of directors of Old DraftKings immediately prior to the Merger Effective Times, were appointed to the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthew Kalish was appointed as President at DraftKings Inc..
- Action
- appointed
- Role
- President
Exact text from the filing
Matthew Kalish, President
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Valerie Mosley was appointed as Director at DraftKings Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of Jason D. Robins, Harry Evans Sloan, Matthew Kalish, Woodrow H. Levin, Shalom Meckenzie, Jocelyn Moore, Ryan R. Moore, Valerie Mosley, Steven J. Murray, and Marni M. Walden, which, together with Paul Liberman, served on the board of directors of Old DraftKings immediately prior to the Merger Effective Times, were appointed to the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Harry Evans Sloan was appointed as Director at DraftKings Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of Jason D. Robins, Harry Evans Sloan, Matthew Kalish, Woodrow H. Levin, Shalom Meckenzie, Jocelyn Moore, Ryan R. Moore, Valerie Mosley, Steven J. Murray, and Marni M. Walden, which, together with Paul Liberman, served on the board of directors of Old DraftKings immediately prior to the Merger Effective Times, were appointed to the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason D. Robins was appointed as Chief Executive Officer at DraftKings Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
Jason D. Robins, Chief Executive Officer
View on SEC.gov
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