secwatch.observer — SEC 8-K summary
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Issuer:     Skillz Inc. (SKLZ)
CIK:        0001801661
Form:       8-K
Filed at:   2025-12-18T23:59:59+00:00
Accession:  0001801661-25-000087
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801661/000180166125000087/0001801661-25-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801661/000180166125000087/sklz-20251212.htm
  HTML page:      https://secwatch.observer/filing/0001801661-25-000087

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