Allied Esports Entertainment Inc. filed SEC Form 8-K: Leadership Update
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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.
On January 16, 2024, the Compensation Committee of the Board of Directors of Allied Gaming & Entertainment Inc. (the “Company”) approved one-time cash bonuses to certain employees (including executive officers) of the Company and Allied Esports International, Inc., a wholly-owned subsidiary of the Company, based on individual performance and in light of the Company’s improved financial performance in 2023 as compared to 2022, primarily due to the implementation of various operating efficiencies and the positive impact of various strategic transactions announced or completed in 2023. The approval includes cash bonuses to Yinghua Chen, the Company’s Chief Executive Officer, and Roy Anderson, the Company’s Chief Financial Officer, in the amounts of $100,000 and $10,000, respectively.
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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.
| ALLIED GAMING & ENTERTAINMENT, INC. | ||
| Date: January 17, 2024 | By: | /s/ Roy Anderson |
| Roy Anderson | ||
| Chief Financial Officer | ||
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