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CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 6, 2022, the compensation committee (the “Committee”) of the board of directors of Motorsport Games Inc., a Delaware corporation (the “Company”), approved and authorized the grant of the following incentive options pursuant to the Motorsport Games Inc. 2021 Equity Incentive Plan (the “Plan”): (i) option to purchase 66,307 shares of the Company Class A common stock to Dmitry Kozko, the Chief Executive Officer of the Company, (ii) Option to purchase 76,143 shares of the Company Class A common stock to Jonathan New, the Chief Financial Officer of the Company and (iii) Option to purchase 29,593 shares of the Company Class A common stock to Stephen Hood, the President of the Company. Each of these options will vest in three equal annual installments beginning on January 6, 2023.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Motorsport Games Inc. | ||
| Date: January 10, 2022 | By: | /s/ Dmitry Kozko |
| Dmitry Kozko | ||
| Chief Executive Officer | ||