Firy Inc 8-K, filed Sep 29, 2021
Firy Inc. (FIRY)
8-K
2021-09-29
For: 2021-09-23
View Original
Added on
April 08, 2026
About this 8-K
Firy Inc filed this 8-K on September 29, 2021, reporting on events of September 23, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
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): September 23, 2021
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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 September 23, 2021, Skillz Inc. (the “Company”) appointed Stanley Mbugua to the position of the Company’s Chief Accounting Officer, effective September 27, 2021. Prior to joining the Company, Mr. Mbugua served as Group Vice President and Chief Accounting Officer of Rimini Street, a software company delivering third-party enterprise software support for Oracle, SAP, JD Edwards, PeopleSoft, Siebel, and other applications, since 2017. Prior to Rimini Street, Mr. Mbugua served as Senior Director and Corporate Controller at Lattice Semiconductor, a manufacturer of high-performance programmable logic devices, from 2015 to 2017.
Under an offer letter that Mr. Mbugua entered into with the Company dated September 2, 2021, he will be paid a salary of $300,000.00 per year. He will also be eligible to receive annual target incentive compensation of $100,000.00 (pro-rated for 2021), subject to achievement of certain performance goals. The Company will also grant to Mr. Mbugua a restricted stock unit award covering shares of the Company’s Class A common stock with a grant date value equal to $1,500,000.00. Such grant vests 25% on the first anniversary of Mr. Mbugua’s start date and the remainder vests in 12 substantially equal quarterly installments, in each case subject to continuous service with the Company through each applicable vesting date, provided that the grant vests in full if Mr. Mbugua is terminated without cause following a change of control of the Company.
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.
| SKILLZ INC. | ||||||||
| By: | /s/ Charlotte Edelman | |||||||
| Name: | Charlotte Edelman | |||||||
| Title: | Vice President of Legal and Secretary | |||||||
Date: September 29, 2021 | ||||||||