---
schema_version: "secwatch.filing_event.v1"
accession: "0001801661-25-000087"
form_type: "8-K"
ticker: "SKLZ"
cik: "0001801661"
company_name: "Skillz Inc."
filed_at: "2025-12-18T23:59:59+00:00"
generated_at: "2026-05-16T12:46:23.508264+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001801661-25-000087
- form_type: 8-K
- ticker: SKLZ
- cik: 0001801661
- company_name: Skillz Inc.
- filed_at: 2025-12-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801661/000180166125000087/0001801661-25-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801661/000180166125000087/sklz-20251212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801661-25-000087
- JSON: https://secwatch.observer/filing/0001801661-25-000087.json
- Plain text: https://secwatch.observer/filing/0001801661-25-000087.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.