Dave & Buster’s Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Dave & Buster's (NASDAQ: PLAY) announced inducement grants to its new Chief Executive Officer, Tarun Lal, on July 15, 2025. The compensation package includes multiple stock options and performance stock units (PSUs) structured to align with company performance goals.
The grants include 124,766 Options vesting over three years, additional performance-based options tied to stock price milestones (doubling and tripling before February 2028), and 31,191 Options contingent on Lal's $1 million stock purchase. The package also features 249,532 PSUs tied to same-store sales growth, 2027 Adjusted EBITDA, and relative TSR metrics.
Dave & Buster's (NASDAQ: PLAY) ha annunciato il 15 luglio 2025 la concessione di incentivi al suo nuovo Amministratore Delegato, Tarun Lal. Il pacchetto retributivo comprende diverse opzioni azionarie e unità azionarie legate alle performance (PSU), strutturate per allinearsi agli obiettivi di performance aziendale.
Le concessioni includono 124.766 Opzioni con maturazione distribuita su tre anni, ulteriori opzioni basate sulle performance legate a traguardi del prezzo azionario (raddoppio e triplicazione entro febbraio 2028) e 31.191 Opzioni condizionate all'acquisto da parte di Lal di azioni per un valore di 1 milione di dollari. Il pacchetto prevede inoltre 249.532 PSU collegate alla crescita delle vendite a parità di punti vendita, all'EBITDA rettificato del 2027 e a metriche TSR relative.
Dave & Buster's (NASDAQ: PLAY) anunció el 15 de julio de 2025 concesiones de incentivos a su nuevo Director Ejecutivo, Tarun Lal. El paquete de compensación incluye múltiples opciones sobre acciones y unidades de acciones basadas en el desempeño (PSU), diseñadas para alinearse con los objetivos de rendimiento de la empresa.
Las concesiones incluyen 124,766 Opciones que se consolidan en tres años, opciones adicionales basadas en el rendimiento vinculadas a hitos del precio de las acciones (duplicar y triplicar antes de febrero de 2028), y 31,191 Opciones condicionadas a la compra de acciones por 1 millón de dólares por parte de Lal. El paquete también incluye 249,532 PSU vinculadas al crecimiento de ventas en las mismas tiendas, EBITDA ajustado de 2027 y métricas relativas de TSR.
Dave & Buster's (NASDAQ: PLAY)는 2025년 7월 15일 새로운 최고경영자(CEO) 타룬 랄에게 인센티브 보조금을 발표했습니다. 보상 패키지는 회사 성과 목표에 맞춰 설계된 여러 주식 옵션과 성과 주식 단위(PSU)를 포함합니다.
보조금에는 3년에 걸쳐 권리 취득되는 124,766 옵션, 주가 목표(2028년 2월 이전 두 배 및 세 배)에 따른 추가 성과 기반 옵션, 그리고 랄의 100만 달러 주식 구매에 따른 31,191 옵션이 포함되어 있습니다. 또한, 동일 매장 매출 성장, 2027년 조정 EBITDA, 상대 TSR 지표에 연동된 249,532 PSU도 포함되어 있습니다.
Dave & Buster's (NASDAQ: PLAY) a annoncé le 15 juillet 2025 des attributions d’incitation à son nouveau Directeur Général, Tarun Lal. Le package de rémunération comprend plusieurs options d’achat d’actions et des unités d’actions de performance (PSU) conçues pour s’aligner sur les objectifs de performance de l’entreprise.
Les attributions comprennent 124 766 options acquises sur trois ans, des options supplémentaires basées sur la performance liées à des jalons de prix de l’action (doublement et triplement avant février 2028), ainsi que 31 191 options conditionnées à l’achat par Lal d’actions pour 1 million de dollars. Le package inclut également 249 532 PSU liées à la croissance des ventes dans les mêmes magasins, à l’EBITDA ajusté 2027 et aux indicateurs relatifs de TSR.
Dave & Buster's (NASDAQ: PLAY) gab am 15. Juli 2025 Anreizzuteilungen für seinen neuen Chief Executive Officer, Tarun Lal, bekannt. Das Vergütungspaket umfasst mehrere Aktienoptionen und leistungsabhängige Aktieneinheiten (PSUs), die auf die Unternehmensziele abgestimmt sind.
Die Zuteilungen beinhalten 124.766 Optionen, die über drei Jahre vesten, zusätzliche leistungsabhängige Optionen, die an Aktienkursziele (Verdopplung und Verdreifachung vor Februar 2028) gebunden sind, sowie 31.191 Optionen, die an den Aktienkauf von Lal im Wert von 1 Million US-Dollar gebunden sind. Das Paket umfasst zudem 249.532 PSUs, die an das Wachstum der Umsätze in vergleichbaren Filialen, das bereinigte EBITDA 2027 und relative TSR-Kennzahlen gekoppelt sind.
- New CEO compensation package strongly aligned with shareholder interests through stock price performance targets
- CEO required to invest $1 million in company stock, demonstrating skin in the game
- Performance metrics tied to crucial business indicators: same-store sales, EBITDA, and TSR
- Significant potential dilution from new equity grants
- Extended vesting periods may impact short-term executive motivation
Insights
Dave & Buster's granted performance-based equity incentives to new CEO Tarun Lal, with significant upside tied to stock price growth and operational metrics.
Dave & Buster's has structured an aggressive performance-based compensation package for its new CEO Tarun Lal. The package includes multiple tranches of stock options with distinct vesting conditions that align with shareholder interests. The first tranche of
What's particularly notable is the
This compensation structure reveals the board's strategic priorities: driving meaningful stock price appreciation, improving same-store sales (a critical metric for restaurant/entertainment venues), and enhancing overall operational profitability. The package's design suggests the board has high expectations for Lal's ability to drive substantial shareholder value while improving core business metrics at Dave & Buster's entertainment venues.
DALLAS, July 21, 2025 (GLOBE NEWSWIRE) -- Dave & Buster’s Entertainment, Inc., (NASDAQ: PLAY), (“Dave & Buster’s” or “the Company”), an owner and operator of entertainment and dining venues, announced today that the Company made awards of stock options (“Options”) and performance stock units (“PSUs”) to Tarun Lal, as a material inducement to Mr. Lal joining the Company as its Chief Executive Officer. The awards were approved by the Board in accordance with Listing Rule 5635(c)(4) of the corporate governance rules of the Nasdaq Stock Market and granted on July 15, 2025 (the “Grant Date”) under the Dave & Buster’s Entertainment, Inc. Inducement Plan (the “Inducement Plan”).
The Company granted Mr. Lal Options, of which 124,766 Options will vest annually over three years from the Grant Date; an additional 124,766 Options will become earned in full if the Company’s stock price doubles before February 1, 2028 and will vest subject to Mr. Lal’s continued employment through the first anniversary of the date on which the Options became earned; an additional 83,177 Options will become earned in full if the Company’s stock price triples before February 1, 2028 and will vest subject to Mr. Lal’s continued employment through the first anniversary of the date on which the Options became earned; and an additional 31,191 Options will vest annually over three years subject to Mr. Lal’s continued employment with the Company through each vesting date and conditioned on Mr. Lal’s purchase of
About Dave & Buster’s Entertainment, Inc.
Founded in 1982 and headquartered in Coppell, Texas, Dave & Buster’s Entertainment, Inc., is the owner and operator of 236 venues 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 175 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 61 Main Event branded stores in 22 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. For more information about each brand, visit daveandbusters.com and mainevent.com.
For Investor Relations Inquiries:
Cory Hatton, Head of Entertainment Finance, Investor Relations & Treasurer
Dave & Buster’s Entertainment, Inc.
Cory.Hatton@daveandbusters.com
FAQ
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