---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-078832"
form_type: "8-K"
ticker: "PLAY"
cik: "0001525769"
company_name: "Dave & Buster's Entertainment, Inc."
filed_at: "2022-07-11T23:59:59+00:00"
generated_at: "2026-06-24T17:27:51.382088+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Dave & Buster's amends cooperation agreement with Hill Path; raises ownership cap to 20% with voting restrictions

## Summary
- Hill Path may acquire up to 20% of outstanding shares (including derivatives) while James Chambers serves on board.
- Hill Path must vote shares above 15% in same proportion as other shareholders on all matters.
- Conditional waiver of DGCL Section 203 for acquisitions below 20%; if exceeded, Section 203 applies contractually for 3 years.
- Hill Path currently owns 10.3% of common stock, with economic exposure to approximately 14.8% of outstanding shares.
- Amended and restated cooperation agreement replaces prior December 2020 agreement.

## SEC filing metadata
- accession: 0001104659-22-078832
- form_type: 8-K
- ticker: PLAY
- cik: 0001525769
- company_name: Dave & Buster's Entertainment, Inc.
- filed_at: 2022-07-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1525769/000110465922078832/0001104659-22-078832-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1525769/000110465922078832/tm2220782d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-078832
- JSON: https://secwatch.observer/filing/0001104659-22-078832.json
- Plain text: https://secwatch.observer/filing/0001104659-22-078832.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.