Current Report · Items 5.02, 9.01 · 8-K

Dave & Buster's Entertainment, Inc.

PLAYNASDAQEQUITYCurrent

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements

Filed Jun 13, 2025Accepted Jun 13, 2025, 4:30 PM EDTCIK 1525769Accession 0001628280-25-031337

Company context

Founded in 1982 and headquartered in Coppell, Texas, Dave & Buster's Entertainment, Inc. is the owner and operator of 250 stores in North America that offer premier entertainment and dining experiences to guests through two distinct brands: Dave & Buster’s and Main Event. The Company has 184 Dave & Buster’s branded stores in 43 states, Puerto Rico, and Canada and offers guests the opportunity to “Eat Drink Play and Watch” all in one location. Each store offers a full menu of entrées and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. The Company also operates 66 Main Event branded stores in 24 states across the country, and offers state-of-the-art bowling, laser tag, hundreds of arcade games and virtual reality, making it the perfect place for families to connect and make memories. Internationally, the Company is in early-stage growth as a franchisor of its brands with six Dave & Buster’s franchise stores currently open. For more information about each brand, visit daveandbusters.com and mainevent.com.

Current securities

PLAYNASDAQ · EQUITY · Current

Recent company filings

Disclosure sections

Items 5.02, 9.01

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Item 5.02Item 5.02 - Departure/Election of Directors

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 13, 2025, Dave & Buster’s Entertainment, Inc. (the “Company”) announced the retirement of John Mulleady, Chief Development Officer and a named executive officer. Mr. Mulleady will retire effective as of the close of business on October 23, 2025. Effective as of June 30, 2025, Mr. Mulleady will transition to the role of Senior Advisor and will provide advisory services to the Company to ensure a smooth transition until the effective date of his retirement. The Company and Mr. Mulleady have further agreed that he will provide consulting services to the Company from the effective date of his retirement until January 31, 2026 (such period, the “Consulting Period”). In connection with Mr. Mulleady’s planned transition and retirement, Mr. Mulleady, the Company and Dave & Buster’s Management Corporation, Inc., an affiliate of the Company, entered into an amendment to Mr. Mulleady’s existing employment agreement (the “Amended Agreement”). Pursuant to the Amended Agreement, Mr. Mulleady will receive a weekly consulting fee during the Consulting Period of $8,706.73. Additionally, he will receive two supplemental payments, consisting of: (1) a lump-sum payment of $67,912.50 that will be payable within thirty (30) days following July 31, 2025, and (2) a lump-sum payment of $67,912.50 that will be payable within thirty (30) days following January 31, 2026. Mr. Mulleady’s retirement will be deemed as a retirement (as applicable) for purposes of his then-outstanding equity awards under the Company’s equity incentive plans. The foregoing payments and benefits are subject to Mr. Mulleady’s compliance with his obligations under the Amended Agreement and the terms and conditions thereunder, including his compliance with certain non-compete, non-solicitation and non-hire covenants during his employment, and in the case of the non-solicitation and non-hire covenants, for two (2) years thereafter, and his execution, delivery and non-revocation of a release of claims for the benefit of the Company and its affiliates. On June 13, 2025, the Company issued a press release announcing Mr. Mulleady’s transition. A copy of this Press Release is attached hereto as Exhibit 99.1. Section 9 - Financial Statements and Exhibits

Filed exhibits (1)

EX-99.1 (by filename) play-leslehnercdoex991.htm

EX-99 2 play-leslehnercdoex991.htm EX-99.1 Document Exhibit 99.1 Dave & Buster’s Announces Promotion of Les Lehner to Chief Development Officer DALLAS, June 13, 2025 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ: PLAY), ("Dave & Buster's" or "the Company") today announced that it has promoted Les Lehner to the position of Chief Development Officer. Mr. Lehner most recently served as Chief Procurement Officer and Head of Main Event Development. In connection with this promotion, the Company announced that John Mulleady, current Chief Development Officer, will retire effective as of the close of business on October 23, 2025. Effective as of June 30, 2025, Mr. Mulleady will transition to an advisory role at the Company to ensure a smooth transition until the effective date of his retirement. The Company and Mr. Mulleady have further agreed that he will provide consulting services to the Company from the effective date of his retirement until January 31, 2026. “I want to express my sincere gratitude to John for his nearly 15 years of dedicated service to Dave & Buster’s. During his tenure, he achieved remarkable results, leading the successful construction o…

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