Other Information.
+Added: Letter Agreements
+Added: On August 4, 2022, the Company entered into letter agreements with each of Messrs.
+Added: Jason Robins, the Company’s Chief Executive Officer;
+Added: Matthew Kalish, the Company’s President, DraftKings North America;
+Added: and Paul Liberman, the Company’s President, Global Technology and Product, pursuant to which each executive officer agreed to a voluntary reduction in their respective base salaries to $1 for fiscal year 2022 (the “Base Salary Reductions”).
+Added: The Base Salary Reductions do not modify any other rights under each of Messrs.
+Added: Robins, Kalish and Liberman’s employment agreements that are determined by reference to such executive officer’s base salary (other than to the extent otherwise described in such letter agreements), and such provisions will continue to be applied based on the base salary rate in effect without giving effect to any Base Salary Reductions.
+Added: Furthermore, the Base Salary Reductions are not intended to reduce any Company employee benefit provided to Messrs.
+Added: Robins, Kalish and Liberman that is determined by reference to base salary, except that life and disability insurance will not be provided to Messrs.
+Added: Robins, Kalish and Liberman during the applicable Base Salary Reduction period.
The following exhibits are filed as part of, or incorporated by reference into, this Quarterly Report on Form 10-Q.
21 unchanged sentences
DRAFTKINGS INC.
+Added: August 5, 2022
Chief Financial Officer
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.