Skillz announces headcount restructuring with $10M annual savings; new director appointed

Skillz Inc.

Headcount restructuring in Aug 2022; expects ~$3M severance costs in Q3 2022, annualized payroll savings of at least $10M.
Seth Schorr appointed to board; serves on Compensation Committee. CEO of Fifth Street Gaming with gaming/esports background.
Jerry Bruckheimer resigned from board effective Aug 19; consulting agreement terminates Sep 19, unvested awards forfeited.
Head of People Doris Fritz-Bianchi departing Sep 9; receives $157,500 severance, COBRA, accelerated vesting of 40,406 RSUs.
Board Compensation Committee reconstituted with Schorr, Hoffman, Wakeford (chair).

item 1.01 item 1.02 item 5.02 item 5.07 item 7.01 item 8.01 item 9.01

Executive movements

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Appointed

Seth Schorr

Director

SKLZ · Skillz Inc.

Effective: 2022-08-25
Filed: August 25, 2022, 7:59 PM ET

On August 25, 2022, a majority in voting power of the shares of capital stock of the Company appointed Seth Schorr to the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Seth Schorr was appointed as Director at Skillz Inc..

Action: appointed
Role: Director

Exact text from the filing

On August 25, 2022, a majority in voting power of the shares of capital stock of the Company appointed Seth Schorr to the Board.

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Skillz Inc. filing history →

Source: SEC EDGAR

accession 0001628280-22-023722

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