Form 8-K - Current report
December 20 2023 - 4:15PM
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2023-12-20
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current
Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): December 20, 2023
DAVE & BUSTER’S ENTERTAINMENT, INC.
(Exact name of registrant as specified in its charter)
Delaware |
001-35664 |
35-2382255 |
(State of
incorporation) |
(Commission File
Number) |
(IRS Employer
Identification Number) |
1221 S. Belt Line Rd., Suite 500
Coppell, TX 75019 |
(Address of principal executive offices) |
Registrant’s telephone number, including area code: (214)
357-9588
Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the reporting obligation of the registrant under
any of the following provisions:
¨ |
Written communications pursuant to Rule 425 under the Securities Act
|
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act |
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act |
Securities registered pursuant to Section
12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common Stock $0.01 par value |
|
PLAY |
|
NASDAQ Stock Market LLC |
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. ¨
Section 5 – Corporate Governance and
Management
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers |
On December 20, 2023, Dave
& Buster’s Entertainment, Inc. (the “Company”) issued a press release announcing the retirement of Michael A. Quartieri,
Chief Financial Officer and a named executive officer. Mr. Quartieri will retire effective April 30, 2024. He will continue to serve as
the Company's Chief Financial Officer until his successor is appointed and thereafter provide advisory services to ensure a smooth transition
prior to his retirement date. A copy of this Press Release is attached hereto as Exhibit 99.1.
| Item 9.01. | Financial Statements and Exhibits |
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.
|
DAVE & BUSTER’S ENTERTAINMENT, INC. |
|
|
|
Date: December 20, 2023 |
By: |
/s/ Bryan McCrory |
|
Bryan McCrory |
|
Vice President, General Counsel & Secretary |
Exhibit 99.1
Dave & Buster’s Announces the Retirement
of Michael Quartieri, Chief Financial Officer
DALLAS, December 20, 2023 (GLOBE
NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ: PLAY), ("Dave & Buster's" or "the Company"), an
owner and operator of entertainment and dining venues, today announced that its Chief Financial Officer, Michael Quartieri, will be retiring
from the Company effective April 30, 2024. He will continue to serve as Chief Financial Officer until his successor is appointed and provide
advisory services to ensure a smooth transition prior to his retirement date. The Company has retained a nationally recognized recruiting
firm to conduct a search for this position.
"On behalf of the management
team and our Board, I want to thank Michael for his significant contributions and leadership over the past two years at Dave & Buster’s,"
said Chris Morris, Chief Executive Officer of Dave & Buster’s. “Under Michael’s leadership, we completed the acquisition
and merger of Main Event which combined two of the strongest brands in the industry to create a leading platform in the rapidly growing
experiential entertainment sector. With his contribution, we have created a significant footprint, an exceptional business model with
strong assets, and a talented team with a long-term strategy focused on driving organic growth, improving profitability, and producing
strong cash flow. On a personal note, it has been a pleasure to work with Michael as we transformed the company together. Michael has
been a true partner in enabling strong financial performance and has built a high-quality finance organization that will serve this Company
well for many years to come. The Dave & Buster’s team wishes him a prosperous future as he moves into the next phase of his
life. We also sincerely appreciate Michael’s full support of the transition to his successor.”
“It has been a pleasure
to be a part of the team here at Dave & Buster’s,” said Michael Quartieri. “The Company has strong momentum
and a tremendous amount of achievable upside which made it a very difficult decision to retire to spend more time with my family. I want
to express my respect and appreciation for the passion and dedication of our talented team members at all our stores and throughout the
Company and want to thank them for all they do to care for our guests and deliver for our shareholders each and every day.”
About
Dave & Buster’s Entertainment, Inc.
Founded in 1982 and headquartered
in Coppell, Texas, Dave & Buster's Entertainment, Inc., is the owner and operator of 220 venues in North America that offer premier
entertainment and dining experiences to guests through two distinct brands: Dave & Buster’s and Main Event. The Company has
162 Dave & Buster’s branded stores in 42 states, Puerto Rico, and Canada and offers guests the opportunity to "Eat Drink
Play and Watch," all in one location. Each store offers a full menu of entrées and appetizers, a complete selection of alcoholic
and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live
sports and other televised events. The Company also operates 58 Main Event branded stores in 20 states across the country, and offers
state-of-the-art bowling, laser tag, hundreds of arcade games and virtual reality, making it the perfect place for families to connect
and make memories. For more information about each brand, visit daveandbusters.com and mainevent.com.
For Investor Relations Inquiries:
Cory Hatton, VP Investor Relations
& Treasurer
Dave & Buster’s Entertainment,
Inc.
Cory.Hatton@daveandbusters.com
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