secwatch.observer — SEC 8-K summary
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Issuer:     Dave & Buster's Entertainment, Inc. (PLAY)
CIK:        0001525769
Form:       8-K
Filed at:   2025-07-15T23:59:59+00:00
Accession:  0001628280-25-034977
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dave & Buster's appoints Tarun Lal as CEO; interim CEO Sheehan remains Chairman
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- Tarun Lal (ex-KFC U.S. President) appointed CEO and board member effective July 14, 2025.
- Base salary $800,000, target bonus 100% of salary, LTIP target 125% of base salary.
- Inducement equity: 124,766 stock options, 249,532 PSUs tied to same-store sales and EBITDA targets, plus stock-price-linked options.
- Kevin Sheehan steps down as interim CEO, continues as Chairman of the Board.
- Board adopted inducement plan reserving 2M shares for new-hire awards under Nasdaq Rule 5635(c)(4).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1525769/000162828025034977/0001628280-25-034977-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1525769/000162828025034977/play-20250715.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-034977

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