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Washington, DC 20549







Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of report (Date of earliest event reported): January 21, 2022


Motorsport Games Inc.

(Exact name of registrant as specified in its charter)



Delaware   001-39868   86-1791356

(State or other jurisdiction

of incorporation)



File Number)


(I.R.S. Employer

Identification No.)


5972 NE 4th Avenue

Miami, FL

(Address of principal executive offices)   (Zip Code)


Registrant’s telephone number, including area code: (305) 507-8799



(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:


Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Class A common stock, $0.0001 par value per share   MSGM  

The Nasdaq Stock Market LLC

(The Nasdaq Capital Market)


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


Emerging growth company


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.







Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On January 21, 2022, Motorsport Games Inc. (the “Company”) notified Stephen Hood, the Company’s President, that his position will be eliminated effective January 21, 2022. Mr. Hood has served in this role since April 2019. Mr. Hood will receive the following separation payments: £43,750 in lieu of his entitlement to 3 months’ termination notice, £37,019.23 in lieu of accrued but untaken holiday pay and an £60,000 ex gratia settlement payment which includes statutory redundancy as required under the law of England & Wales.


Effective immediately upon such termination, Dmitry Kozko, the Company’s Chief Executive Officer, will assume all responsibilities of overseeing the Company’s Development Studio. No additional compensation arrangements have been made in connection with Mr. Kozko’s assuming such responsibilities.







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.


Date: January 21, 2022 By: /s/ Jonathan New
    Jonathan New, Chief Executive Officer