--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-22-056134" form_type: "8-K12B" ticker: "DKNG" cik: "0001883685" company_name: "DraftKings Inc." filed_at: "2022-05-05T23:59:59+00:00" generated_at: "2026-06-26T00:01:56.845275+00:00" event_type: "m_and_a" sentiment: "positive" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # DraftKings closes merger with Golden Nugget Online Gaming on May 5, 2022 ## Summary - 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. ## SEC filing metadata - accession: 0001104659-22-056134 - form_type: 8-K12B - ticker: DKNG - cik: 0001883685 - company_name: DraftKings Inc. - filed_at: 2022-05-05T23:59:59+00:00 - event_type: m_and_a - sentiment: positive - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 1.01, 2.01, 3.02, 2.03, 3.03, 5.01, 5.02, 5.03, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1883685/000110465922056134/0001104659-22-056134-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883685/000110465922056134/tm2214276d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-22-056134 - JSON: https://secwatch.observer/filing/0001104659-22-056134.json - Plain text: https://secwatch.observer/filing/0001104659-22-056134.txt ## Key facts - Executive change Matthew Kalish was appointed as Director at DraftKings Inc.. - Action: appointed - Role: Director source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1883685/000110465922056134/0001104659-22-056134-index.htm - Executive change Steven J. Murray was appointed as Director at DraftKings Inc.. - Action: appointed - Role: Director source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1883685/000110465922056134/0001104659-22-056134-index.htm - Executive change Ryan R. Moore was appointed as Director at DraftKings Inc.. - Action: appointed - Role: Director source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1883685/000110465922056134/0001104659-22-056134-index.htm - Executive change Jocelyn Moore was appointed as Director at DraftKings Inc.. - Action: appointed - Role: Director source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1883685/000110465922056134/0001104659-22-056134-index.htm - Executive change Jason D. Robins was appointed as Director at DraftKings Inc.. - Action: appointed - Role: Director source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1883685/000110465922056134/0001104659-22-056134-index.htm - Executive change Woodrow H. Levin was appointed as Director at DraftKings Inc.. - Action: appointed - Role: Director source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1883685/000110465922056134/0001104659-22-056134-index.htm - Executive change Marni M. Walden was appointed as Director at DraftKings Inc.. - Action: appointed - Role: Director source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1883685/000110465922056134/0001104659-22-056134-index.htm - Executive change Jason Park resigned as Director at DraftKings Inc.. - Action: resigned - Role: Director source text: Jason Park resigned from the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1883685/000110465922056134/0001104659-22-056134-index.htm - Executive change Shalom Meckenzie was appointed as Director at DraftKings Inc.. - Action: appointed - Role: Director source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1883685/000110465922056134/0001104659-22-056134-index.htm - Executive change Matthew Kalish was appointed as President at DraftKings Inc.. - Action: appointed - Role: President source text: Matthew Kalish, President evidence_url: https://www.sec.gov/Archives/edgar/data/1883685/000110465922056134/0001104659-22-056134-index.htm - Executive change Valerie Mosley was appointed as Director at DraftKings Inc.. - Action: appointed - Role: Director source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1883685/000110465922056134/0001104659-22-056134-index.htm - Executive change Harry Evans Sloan was appointed as Director at DraftKings Inc.. - Action: appointed - Role: Director source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1883685/000110465922056134/0001104659-22-056134-index.htm - Executive change Jason D. Robins was appointed as Chief Executive Officer at DraftKings Inc.. - Action: appointed - Role: Chief Executive Officer source text: Jason D. Robins, Chief Executive Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1883685/000110465922056134/0001104659-22-056134-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.