Motorsport Games eliminates President role; Stephen Hood out, CEO assumes duties

Motorsport Games Inc.

Stephen Hood's position eliminated effective January 21, 2022; he had served as President since April 2019.
Hood receives £43,750 in lieu of 3 months’ notice, £37,019.23 for untaken holiday, and £60,000 ex gratia settlement.
CEO Dmitry Kozko immediately oversees the Development Studio with no additional compensation.

item 5.02

Executive movements

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Departed

Stephen Hood

President

MSGM · Motorsport Games Inc.

Effective: 2022-01-21
Filed: January 21, 2022, 6:59 PM ET

On January 21, 2022, Motorsport Games Inc. (the “Company”) notified Stephen Hood, the Company’s President, that his position will be eliminated effective January 21, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Stephen Hood departed as President at Motorsport Games Inc..

Action: position eliminated
Role: President

Exact text from the filing

On January 21, 2022, Motorsport Games Inc. (the “Company”) notified Stephen Hood, the Company’s President, that his position will be eliminated effective January 21, 2022.

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Motorsport Games Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-001944

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