PLAY Dave and Busters Entertainment Inc

 

 

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

 

(d)

Exhibits.

 

	99.1	Press release dated December 20, 2023.
	104	Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document).

 

 

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

 

 

v3.23.4

Cover	Dec. 20, 2023
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Dec. 20, 2023
Entity File Number	001-35664
Entity Registrant Name	DAVE & BUSTER’S ENTERTAINMENT, INC.
Entity Central Index Key	0001525769
Entity Tax Identification Number	35-2382255
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1221 S. Belt Line Rd.
Entity Address, Address Line Two	Suite 500
Entity Address, City or Town	Coppell
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75019
City Area Code	214
Local Phone Number	357-9588
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock $0.01 par value
Trading Symbol	PLAY
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false

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