UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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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.
The Compensation Committee (the “Committee”) of the Board of Directors of Dave & Buster’s Entertainment Inc. (the “Company”) approved a new program under the Company’s 2014 Omnibus Incentive Plan (the “Plan”) composed of performance-based Market Stock Units (“MSUs”) and Restricted Stock Units (“RSUs”) with updated terms from our prior RSU agreements. The Company will be using a form of Market Stock Unit Award Agreement (the “MSU Award Agreement”) as well as an updated form of Restricted Stock Unit Agreement, each of which are filed herewith, for these awards. The MSUs are a type of Other Stock-Based Award that may be granted by the Committee under Section 9.1 of the Plan, pursuant to which a percentage of a target number of shares of Company common stock may be earned based on the percentage increase or decrease in the Company’s average stock price over an applicable performance period, subject to certain limitations under the MSU Award Agreement.
This summary is not intended to be complete and is qualified in its entirety by reference to the form of MSU Award Agreement and to the form of RSU Award Agreement which are attached as Exhibits 10.1 and 10.2 to this Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 4, 2020
| DAVE & BUSTER’S ENTERTAINMENT, INC. | |||
| By: | /s/ Robert W. Edmund | ||
| Robert W. Edmund | |||
| Senior Vice President, General Counsel and Secretary | |||