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Allied Esports Entertainment, Inc. – ‘8-K’ for 9/6/22

On:  Thursday, 9/8/22, at 4:23pm ET   ·   For:  9/6/22   ·   Accession #:  1213900-22-54834   ·   File #:  1-38226

Previous ‘8-K’:  ‘8-K/A’ on 7/15/22 for 7/13/22   ·   Next:  ‘8-K’ on 10/28/22 for 10/26/22   ·   Latest:  ‘8-K’ on / for 3/27/24   ·   1 Reference:  By:  Allied Gaming & Entertainment Inc. – ‘S-8’ on 10/13/22

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/08/22  Allied Esports Entertainment, Inc 8-K:5,9     9/06/22   11:239K                                   EdgarAgents LLC/FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     31K 
 2: EX-99.1     Company Press Release Dated September 8, 2022       HTML     14K 
 6: R1          Cover                                               HTML     49K 
 9: XML         IDEA XML File -- Filing Summary                      XML     12K 
 7: XML         XBRL Instance -- ea165523-8k_allied_htm              XML     15K 
 8: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
 4: EX-101.LAB  XBRL Labels -- aese-20220906_lab                     XML     96K 
 5: EX-101.PRE  XBRL Presentations -- aese-20220906_pre              XML     64K 
 3: EX-101.SCH  XBRL Schema -- aese-20220906                         XSD     13K 
10: JSON        XBRL Instance as JSON Data -- MetaLinks               25±    33K 
11: ZIP         XBRL Zipped Folder -- 0001213900-22-054834-xbrl      Zip     21K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM  i 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):  i September 6, 2022

 

 i ALLIED ESPORTS ENTERTAINMENT, INC.

(Exact Name of Registrant as Specified in Charter)

 

 i Delaware    i 001-38266    i 82-1659427
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (I.R.S. Employer
Identification No.)

 

 i 745 Fifth Avenue,  i Suite 500

 i New York,  i NY  i 10151

(Address of Principal Executive Offices) (Zip Code)

 

 i (646)  i 768-4240

(Registrant’s Telephone Number, Including Area Code)

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

   i  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

   i  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

   i  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

   i  Pre-commencement 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
 i Common Stock    i AESE   The  i 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  i 

 

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.  i  

 

 

 

 

 

 C: 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Management Changes

 

On September 6, 2022, the Board of Directors of Allied Esports Entertainment, Inc. (the “Company”) appointed Yinghua Chen as Chief Executive Officer. Ms. Chen had previously served as the Company’s President, Chief Investment Officer and Board Secretary. Given Ms. Chen’s additional responsibilities, Ms. Chen will no longer serve the Company as Chief Investment Officer or Board Secretary, and will continue to serve as President. Ms. Chen assumes the position of Chief Executive Officer from Lyle Berman, who has served as Co-Chairman of the Board and Interim Chief Executive Officer since February 2022. Mr. Berman retains his position as Co-Chairman of the Board, and has been appointed as Vice President, Mergers & Acquisition, where he will be more focused on the Company’s acquisition activities.

 

Yinghua Chen has served as a director of the Company since 2020. Ms. Chen has served as the Company’s President since February 2022, and served as the Company’s Chief Investment Officer from November 2021 until September 6, 2022, and as Board Secretary from February 2022 until September 6, 2022. Ms. Chen is a Co-Founder of Aupera Technologies, a leading video AI technology company, where she is responsible for corporate financing, business development, and strategic partnership. She has successfully raised multiple rounds of funding for Aupera, including from Silicon Valley giant Xilinx (Nasdaq: XLNX). Prior to this, she served as the Executive Vice President of Anthill Resources, a natural resources investment company in Canada,
where she oversaw business operations and investment activities. Ms. Chen is also the former Managing Director of China for The Cavendish Group, a UK B2B media and public relations company. In that role, Ms. Chen built up subscriber networks for over ten vertical industry media products and managed the Group’s strategic relationship with the Boao Forum for Asia. Ms. Chen was also part of the founding team of The Balloch Group, a boutique investment banking firm, later acquired by Canaccord Genuity, where she specialized in financial, pharmaceutical, resources and media industry transactions. Ms. Chen holds an EMBA from the University of Paris I: Panthéon-Sorbonne and a Bachelor of Arts degree from the University of International Business and Economics.

 

Compensation

 

In connection with the appointments identified above, the Board of Directors updated the annual salary compensation of Ms. Chen and Mr. Berman to $300,000 and $150,000, respectively, taking into account the scope of the services to be provided by each person.

 

A press release announcing the foregoing matters is attached hereto as Exhibit 99.1.

 

Item 9.01. Financial Statement and Exhibits.

 

  (d) Exhibits

 

Exhibit No.   Description
99.1   Company Press Release dated September 8, 2022
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 C: 

 

 

SIGNATURE

 

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.

 

Dated: September 8, 2022

 

  ALLIED ESPORTS ENTERTAINMENT, INC.
   
  By:  /s/ Roy Anderson
    Roy AndersonChief Financial Officer

 

 

 

 

 

 C: 

 

 C: 

Dates Referenced Herein

This ‘8-K’ Filing    Date    Other Filings
Filed on:9/8/22None on these Dates
For Period end:9/6/22
 List all Filings 


1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/13/22  Allied Gaming & Entertainment Inc S-8        10/13/22    5:196K                                   EdgarAgents LLC/FA
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