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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.
(c) Appointment of Stanley Beckley as Chief Financial Officer
On May 16, 2024, the nominating and governance committee of the board of directors of Motorsport Games Inc., a Delaware corporation (the “Company”), appointed Stanley Beckley, 42, currently the Company’s Interim Chief Financial Officer, to serve as the Company’s Chief Financial Officer (“CFO”) on a permanent basis. Mr. Beckley previously served as the Company’s Interim CFO from November 8, 2023 until this current appointment.
Information regarding Mr. Beckley’s positions and offices with the Company and business experience is disclosed under Item 5.02 of the Company’s Quarterly Report on Form 10-Q, which was filed with the Securities and Exchange Commission on November 7, 2023. There is no arrangement or understanding between Mr. Beckley and any other person pursuant to which Mr. Beckley was selected as CFO, and there are no family relationships between Mr. Beckley and any of the Company’s directors or executive officers. There are no transactions involving Mr. Beckley that would require disclosure pursuant to Item 404(a) of Regulation S-K.
Mr. Beckley will continue to participate in the benefit and other plans and arrangements he currently participates in, as described under “Executive Compensation – Compensation Discussion and Analysis” in the Company’s definitive Proxy Statement for its 2024 Annual Meeting of Stockholders, which was filed with the Securities and Exchange Commission on April 19, 2024.
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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: May 20, 2024 | By: | /s/ Stephen Hood |
| Stephen Hood | ||
| Chief Executive Officer and President | ||
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