Allied Esports CEO Wu resigns; Berman named interim CEO, Chen President

Allied Gaming & Entertainment Inc.

CEO Claire Wu resigned Feb 18; receives $750K severance over 18 months, accelerated vesting of 200K options and 80K restricted shares.
Lyle Berman appointed Interim CEO (salary $300K); remains co-Chairman, relinquishes President role.
Yinghua Chen appointed President and Secretary (salary $275K); continues as CIO and director.
Director Jerry Lewin resigned; receives $25K, accelerated vesting of 40K options, option extended to 2031.
Yushi Guo appointed Class C director to fill Lewin vacancy; chairs Compensation Committee.

item 5.02 item 9.01

Executive movements

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

Departed

Libing (Claire) Wu

Chief Executive Officer and General Counsel

AGAE · Allied Gaming & Entertainment Inc.

Effective: 2022-02-18
Successor: Lyle Berman
Filed: February 18, 2022, 6:59 PM ET

Libing (Claire) Wu resigned as Chief Executive Officer and General Counsel of Allied Esports Entertainment, Inc. (the “Company”).

Role change

Yinghua Chen

President and Secretary

AGAE · Allied Gaming & Entertainment Inc.

Effective: 2022-02-18
Filed: February 18, 2022, 6:59 PM ET

the Company appointed Yinghua Chen, the Company’s Chief Investment Officer and a director of the Company, as the President and Secretary of the Company as well.

Role change (interim)

Lyle Berman

Interim Chief Executive Officer

AGAE · Allied Gaming & Entertainment Inc.

Effective: 2022-02-18
Filed: February 18, 2022, 6:59 PM ET

the Company appointed Lyle Berman, the Company’s co-Chairman and President, as Interim Chief Executive Officer, and Mr. Berman relinquished his position as President.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Libing (Claire) Wu resigned as Chief Executive Officer and General Counsel at Allied Gaming & Entertainment Inc..

Action: resigned
Role: Chief Executive Officer and General Counsel

Exact text from the filing

Libing (Claire) Wu resigned as Chief Executive Officer and General Counsel of Allied Esports Entertainment, Inc. (the “Company”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Yinghua Chen was appointed as President and Secretary at Allied Gaming & Entertainment Inc..

Action: appointed
Role: President and Secretary

Exact text from the filing

the Company appointed Yinghua Chen, the Company’s Chief Investment Officer and a director of the Company, as the President and Secretary of the Company as well.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lyle Berman was appointed as Interim Chief Executive Officer at Allied Gaming & Entertainment Inc..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

the Company appointed Lyle Berman, the Company’s co-Chairman and President, as Interim Chief Executive Officer, and Mr. Berman relinquished his position as President.

View on SEC.gov

Allied Gaming & Entertainment Inc. filing history →

Source: SEC EDGAR

accession 0001213900-22-008355

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