Motorsport Games Inc. 8-K

What Happened

• Motorsport Games Inc. announced management changes in an 8‑K filed June 18, 2026. On June 16, 2026 the board appointed Peter Hansen‑Chambers as the Company’s Chief Financial Officer and reassigned current CFO Stanley Beckley to the newly titled role of Chief Accounting and Compliance Officer, both effective July 1, 2026. The company also issued a press release on June 18 announcing these appointments.
• Peter Hansen‑Chambers (age 43) has served as an Executive Advisor to Motorsport Games since January 2026 via PHC Consulting Ltd. He has ~20 years in the games industry, was Co‑CEO and CFO at Hutch Games Ltd (Oct 2014–Oct 2025), and led Hutch’s sale to Modern Times Group for over $275 million. His employment agreement with Motorsport Games Ltd (dated June 17, 2026) sets a base salary of 240,000 pound sterling and a target annual bonus equal to 25% of base; it includes customary benefits, restrictive covenants (non‑compete, non‑solicit) and specified notice periods and payment‑in‑lieu provisions.
• The Company amended Stanley Beckley’s March 27, 2026 employment agreement (First Amendment dated June 18, 2026) to reflect his new title effective July 1, 2026, with an annual base salary of $250,000 and a $7,000 signing bonus. The amendment includes a general release of claims that becomes effective after a seven‑day revocation period.

Key Details

• Effective date for both role changes: July 1, 2026. Announced via 8‑K and press release on June 18, 2026.
• Hansen‑Chambers compensation: £240,000 base salary; target annual bonus = 25% of base; eligible for equity awards under the 2021 Plan.
• Beckley compensation: $250,000 base salary and $7,000 signing bonus; amendment contains a seven‑day revocation window for the general release.
• Hansen‑Chambers background: nearly 20 years in video games, former Co‑CEO/CFO at Hutch; involved in Hutch sale for >$275M.

Why It Matters

• CFO and senior accounting roles oversee financial reporting, controls and investor communications; appointing an experienced industry executive (Hansen‑Chambers) signals a leadership change meant to strengthen commercial and financial strategy.
• The new compensation and notice provisions are modest company expenses but important for assessing executive cost and potential severance obligations. Restrictive covenants may help protect the company’s relationships and IP.
• Investors should note the formal filings (employment agreement and amendment filed as exhibits) and the Regulation FD press release; these changes may affect near‑term financial leadership continuity and governance, but the filing contains no forward‑looking financial guidance.