Dave & Buster's completes $686M acquisition of Main Event; Chris Morris named CEO

Dave & Buster's Entertainment, Inc.

Acquired Main Event for $686M cash net of adjustments; funded by new $500M revolver and $850M Term Loan B.
Chris Morris, former Main Event CEO, appointed CEO of Dave & Buster's and board member; Kevin Sheehan remains Chair.
New credit facility matures 2027 (revolver) and 2029 (term loan); interest rates are Term SOFR+4.25-5% plus spread adjustments.
Investor conference call scheduled for July 12, 2022, to discuss combined historical results.
Financial statements for Main Event to be filed via amendment within 71 days.

item 1.01 item 2.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Kevin Sheehan

Chair of the Board

PLAY · Dave & Buster's Entertainment, Inc.

Effective: 2022-06-29
Successor: Christopher Morris
Filed: June 29, 2022, 7:59 PM ET

Kevin Sheehan completed his role as Interim Chief Executive Officer and continued in his capacity as Chair of the Board and as a member of the Finance Committee of the Board.

Appointed

Christopher Morris

Chief Executive Officer

PLAY · Dave & Buster's Entertainment, Inc.

Effective: 2022-06-29
Filed: June 29, 2022, 7:59 PM ET

Christopher Morris was appointed as Chief Executive Officer of the Company and as a member of the Board of Directors

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Sheehan changed role as Chair of the Board at Dave & Buster's Entertainment, Inc..

Action: completed his role as Interim Chief Executive Officer
Role: Chair of the Board

Exact text from the filing

Kevin Sheehan completed his role as Interim Chief Executive Officer and continued in his capacity as Chair of the Board and as a member of the Finance Committee of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher Morris was appointed as Chief Executive Officer at Dave & Buster's Entertainment, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Christopher Morris was appointed as Chief Executive Officer of the Company and as a member of the Board of Directors

View on SEC.gov

Dave & Buster's Entertainment, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-075863

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