8-K
ESPORTS ENTERTAINMENT GROUP, INC. (GMBL)
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 and Exchange Act of 1934
Dateof Report (Date of earliest event reported): October 31, 2022
ESPORTS
ENTERTAINMENT GROUP, INC.
(Exact name of Registrant as specified in its charter)
| Nevada | 001-39262 | 26-3062752 |
|---|---|---|
| (State or other jurisdiction<br><br> <br>of incorporation) | (Commission<br><br> <br>File Number) | (IRS Employer<br><br> <br>Identification No.) |
Block6, Triq Paceville
St.Julians
, STJ 3109
Malta
(Addressof principal executive offices, including zip code)
356
2757 7000
(Registrant’stelephone number, including area code)
Check the appropriate box below if the 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
| ☐ | Written<br> communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement<br> 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 |
|---|---|---|
| Common<br> Stock | GMBL | The<br> Nasdaq Stock Market LLC |
| Common<br> Stock Purchase Warrants | GMBLW | The<br> Nasdaq Stock Market LLC |
| 10.0%<br> Series A Cumulative Redeemable Convertible Preferred Stock | GMBLP | The<br> Nasdaq Stock Market LLC |
| Common<br> Stock Purchase Warrants | GMBLZ | The<br> 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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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. ☐
Item5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements ofCertain Officers.
On October 31, 2022, John Brackens resigned from his position as a Director of Esports Entertainment Group, Inc. (the “Company”), effective immediately. Mr. Brackens resigned from the Board of Directors (the “Board”) to ensure the Company would remain in compliance with Nasdaq Listing Rule 5605(b)(1), which requires a majority of the board of directors to be comprised of Independent Directors, following the resignation of Kaitesi Munroe on October 17, 2022. Mr. Brackens did not resign as a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
The Company has commenced a search for a new director to meet the requirements as an Independent Director as a replacement for Ms. Munroe. Following the Company identifying an Independent Director replacement for Ms. Munroe, the Nominating and Corporate Governance Committee of the Board intends to evaluate the reappointment of Mr. Brackens to the Board.
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.
| ESPORTS ENTERTAINMENT GROUP, INC. | |||
|---|---|---|---|
| Dated: | November<br> 2, 2022 | By: | /s/ Grant Johnson |
| Grant<br> Johnson | |||
| Chief<br> Executive Officer |