secwatch.observer — SEC 8-K summary
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Issuer:     Skillz Inc. (SKLZ)
CIK:        0001801661
Form:       8-K
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0001628280-23-011660
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Skillz CFO Lobo resigns; President Roswig becomes CFO; $159.8M notes repurchased
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- CFO Alvin Lobo resigns for personal reasons; President Jason Roswig transitions to President and CFO effective April 14, 2023.
- General Counsel Charlotte Edelman to step down after transition; external search underway; receives $318,750 severance and extended option exercise.
- Company repurchased $159.8M principal of 10.250% Secured Notes due 2026 for ~$135.9M; $130M notes remain outstanding.
- Supplemental indenture increases restricted payments basket from $25M to $65M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801661/000162828023011660/0001628280-23-011660-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801661/000162828023011660/sklz-20230413.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-011660

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