DraftKings CFO Jason Park becomes Chief Transformation Officer; Alan Ellingson appointed CFO

DraftKings Inc.

Jason Park transitions to new Chief Transformation Officer role effective May 1, 2024, focusing on operational efficiencies, AI, and Jackpocket integration.
Alan Ellingson, SVP Finance & Analytics, elevated to CFO, principal financial and accounting officer, also effective May 1, 2024.
Park's transition is not due to any disagreement on accounting practices, operations, or policies.
Ellingson receives base salary of $400,000, target bonus 100%, initial equity grants worth $5M ($3M RSUs, $2M PSUs).
Under Park as CFO, DraftKings revenue grew from $323M (2019) to $3,665M (2023); stock price increased >325% since July 2019.

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.

Appointed

Alan Ellingson

Chief Financial Officer

DKNG · DraftKings Inc.

Effective: 2024-05-01
Filed: March 18, 2024, 7:59 PM ET

appointed Alan Ellingson, the Company's Senior Vice President, Finance and Analytics, as the Company's Chief Financial Officer, principal financial officer and principal accounting officer, effective as of May 1, 2024

Role change

Jason Park

Chief Transformation Officer

DKNG · DraftKings Inc.

Effective: 2024-05-01
Successor: Alan Ellingson
Filed: March 18, 2024, 7:59 PM ET

transition from Mr. Park's current role as the Company's Chief Financial Officer to the role of the Company's Chief Transformation Officer, effective May 1, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Alan Ellingson was appointed as Chief Financial Officer at DraftKings Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

appointed Alan Ellingson, the Company's Senior Vice President, Finance and Analytics, as the Company's Chief Financial Officer, principal financial officer and principal accounting officer, effective as of May 1, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jason Park changed role as Chief Transformation Officer at DraftKings Inc..

Action: transitioned
Role: Chief Transformation Officer

Exact text from the filing

transition from Mr. Park's current role as the Company's Chief Financial Officer to the role of the Company's Chief Transformation Officer, effective May 1, 2024

View on SEC.gov

DraftKings Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-035592

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