secwatch.observer — SEC 8-K summary
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Issuer:     Motorsport Games Inc. (MSGM)
CIK:        0001821175
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0001493152-23-012841
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Motorsport Games appoints Stephen Hood as CEO, replacing Dmitry Kozko
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- Dmitry Kozko terminated without cause as CEO effective April 19; remains as director.
- Stephen Hood, former President, appointed CEO and President effective April 19.
- Hood receives $245K base salary; eligible for market-cap-tied increases up to $500K.
- Hood eligible for one-time cash bonuses at $50M and $300M market cap milestones.
- Hood eligible for stock options at $100M, $250M, and $300M market cap milestones.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821175/000149315223012841/0001493152-23-012841-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821175/000149315223012841/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-012841

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer