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Dave & Buster’s Announces New CEO Agreement and Board Changes

Story Highlights
  • Directors Griffith, Mandel, and Storms will not seek reelection at the June 2025 meeting.
  • Interim CEO Kevin Sheehan receives equity-based compensation contingent on performance and shareholder approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Dave & Buster’s Announces New CEO Agreement and Board Changes

Confident Investing Starts Here:

Dave & Busters Entertainment ( (PLAY) ) has provided an update.

On April 28, 2025, Dave & Buster’s Entertainment announced that directors Michael J. Griffith, Gail Mandel, and Jennifer Storms will not stand for reelection at the upcoming annual meeting on June 20, 2025. Their decision is not due to any disagreements with the company, and the board will reduce its size from eight to seven members. Additionally, on May 2, 2025, the company entered into a supplemental agreement with Interim CEO Kevin Sheehan, providing him with equity-based compensation contingent on performance goals and shareholder approval of the 2025 Omnibus Incentive Plan. The company also announced the nomination of Allen R. Weiss and Nathaniel J. Lipman as new board members, bringing extensive industry expertise to the board.

Spark’s Take on PLAY Stock

According to Spark, TipRanks’ AI Analyst, PLAY is a Neutral.

Dave & Buster’s faces significant financial challenges, including high leverage and declining revenues, impacting its overall stock score. However, strategic initiatives such as new game offerings, international expansion, and share repurchases provide optimism. The reasonable valuation and strong financial position, along with strategic leadership changes, contribute positively to the score.

To see Spark’s full report on PLAY stock, click here.

More about Dave & Busters Entertainment

Founded in 1982 and headquartered in Coppell, Texas, Dave & Buster’s Entertainment, Inc. operates 233 venues in North America under two brands: Dave & Buster’s and Main Event. The company offers entertainment and dining experiences, featuring a full menu, a selection of beverages, and entertainment attractions such as games and live sports. Dave & Buster’s has 172 locations in 43 states, Puerto Rico, and Canada, while Main Event operates 61 locations in 22 states, providing activities like bowling, laser tag, and arcade games.

YTD Price Performance: -38.20%

Average Trading Volume: 1,379,949

Technical Sentiment Signal: Buy

Current Market Cap: $646.1M

See more insights into PLAY stock on TipRanks’ Stock Analysis page.

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