Dave & Buster's Entertainment, Inc. (PLAY) Form 8-K — Aug 4, 2026
Dave & Buster's Entertainment (NASDAQ: PLAY) announced that CEO Tarun Lal retired effective August 3, 2026, citing the need to spend more time with his family in India. The board appointed Chief Financial Officer Darin Harper as CEO the same day and added him to the board, with Lal remaining as an advisor through January 31, 2028. Harper, CFO since June 2024 with nearly 30 years of finance experience in entertainment and multi-unit consumer brands, receives a $650,000 base salary, a 100 percent target bonus, and a $6.5 million one-time equity package.
Key figures
- Total stores
- 250
- Ceo base salary
- $650,000 per year
- Ceo target bonus
- 100% of base salary
- Main event stores
- 66
- Ceo psu grant value
- $2,250,000
- Ceo rsu grant value
- $2,000,000 vesting ratably over 3 years
- Ceo ltip target award
- 115% of base salary
- Consulting period end
- January 31, 2028
- Ceo option grant value
- $2,250,000
- Option earnout trigger
- 60-day trailing VWAP >= 2x grant price within 3 years
- Dave and busters stores
- 184
- Ceo one time equity grant
- $6,500,000 within 30 days of appointment
- Interim cfo salary detail
- existing employment agreement amended for equity grant only
- Psu performance condition
- Same Store Sales growth of at least 2%, measured independently for 2H FY2026, FY2027, and FY2028
- Outgoing ceo consulting fee
- $85,833.33 per month
- Outgoing ceo medical lump sum
- $6,000
- Franchise stores international
- 6
- Interim cfo one time equity grant
- $1,000,000 ($500,000 2X options + $500,000 RSUs)
Price after filing
Close on the filing date to close N calendar days later (from $10.61). Historical, not a forecast.
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