secwatch.observer — SEC 8-K summary
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Issuer:     Dave & Buster's Entertainment, Inc. (PLAY)
CIK:        0001525769
Form:       8-K
Filed at:   2022-07-11T23:59:59+00:00
Accession:  0001104659-22-078832
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1525769/000110465922078832/0001104659-22-078832-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1525769/000110465922078832/tm2220782d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-078832

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