Skillz controller resigns; invests $5M in Aarki subsidiary, grants 20% equity to key employees

Skillz Inc.

Elly Ryu steps down as Corporate Controller effective Sep 8, 2023; Jason Roswig named interim.
Skillz invests $5M in Aarki Series A Preferred Stock for working capital.
Aarki key employees receive equity awards totaling ~20% of Aarki on fully diluted basis, vesting over 4 years.
All unvested Skillz equity awards surrendered by Aarki employees; no future Skillz awards to them.
Aarki designated as unrestricted subsidiary under Skillz's 10.250% Secured Notes due 2026.

item 5.02 item 8.01 item 9.01

Executive movements

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Appointed (interim)

Jason Roswig

Interim Corporate Controller and Global Head of Accounting

SKLZ · Skillz Inc.

Filed: August 31, 2023, 7:59 PM ET

The Company has appointed Jason Roswig, its President and Chief Financial Officer, to the role of Interim Corporate Controller and Global Head of Accounting

Departed

Elly Ryu

Corporate Controller and Global Head of Accounting

SKLZ · Skillz Inc.

Effective: 2023-09-08
Successor: Jason Roswig
Filed: August 31, 2023, 7:59 PM ET

Elly Ryu informed Skillz Inc. (the “Company”) that she has decided to step down from her position as Corporate Controller and Global Head of Accounting effective as of September 8, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jason Roswig was appointed as Interim Corporate Controller and Global Head of Accounting at Skillz Inc..

Action: appointed
Role: Interim Corporate Controller and Global Head of Accounting

Exact text from the filing

The Company has appointed Jason Roswig, its President and Chief Financial Officer, to the role of Interim Corporate Controller and Global Head of Accounting

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Elly Ryu departed as Corporate Controller and Global Head of Accounting at Skillz Inc..

Action: stepped down
Role: Corporate Controller and Global Head of Accounting

Exact text from the filing

Elly Ryu informed Skillz Inc. (the “Company”) that she has decided to step down from her position as Corporate Controller and Global Head of Accounting effective as of September 8, 2023.

View on SEC.gov

Skillz Inc. filing history →

Source: SEC EDGAR

accession 0001801661-23-000041

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