Skillz CFO Gaetano Franceschi to depart; Michael Darwal appointed as new CFO

Skillz Inc.

Franceschi terminated without cause effective Jan 12, 2026; will provide transition services through Jan 31, 2026.
Franceschi receives $300K salary continuation for 9 months, COBRA subsidies, and $400K RSU/PSU awards fully vesting on termination date (PSUs subject to performance goals).
New CFO Michael Darwal, previously Deputy CFO & President of ibex Digital (IBEX), assumes role on Jan 12, 2026.
Darwal compensation: salary $400K, target bonus $400K, $200K RSUs (3-year vest), $200K PSUs (3-year performance period).
Company states Franceschi's departure is unrelated to financial results or reporting practices.

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