Form 8-K · Current Report · Filed 2024-06-13
DraftKings Inc. Appoints New Chief Accounting Officer
DraftKings Inc. announced on June 9, 2024, the appointment of Erik Bradbury as its new Chief Accounting Officer, effective August 12, 2024. Mr. Bradbury, who previously served as the Company's CAO from September 2020 to September 2023, will succeed Alan Ellingson, who will no longer serve as the principal accounting officer. This change in accounting leadership does not stem from any disagreement on accounting practices, operations, or policies.
- Filer
- DraftKings Inc. DKNG · NASDAQ
- Filed
- Accession
- 0001104659-24-071073
- CIK
- 0001883685
- Signal
- Medium impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Market reaction
Close before filing
$38.89
Next session
+0.1%
Since filing
-39.6%
Latest close
$23.48
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from DKNG reporting the same item, with the next session's move:
About DraftKings Inc.
DraftKings Inc. is a digital sports entertainment and gaming company offering a range of services, including daily fantasy sports, sports betting, and iGaming. The company operates as a multi-channel provider, enabling sports enthusiasts and gamers to engage in digital contests, wager on a variety of sports events, and enjoy casino-style gaming in regulated markets. DraftKings serves a wide audience, from casual sports fans to avid gamblers, providing a platform that combines innovative technology with a seamless user experience. One of DraftKings' primary functions is to facilitate daily and weekly fantasy sports competitions where users build virtual teams from professional athletes and compete based on the real-life performance of those athletes. Additionally, the company's sportsbook and online casino offerings make it a significant player in the rapidly expanding online gambling industry. DraftKings holds a strategic position in the sports entertainment sector due to its robust tech-driven solutions and expansive market reach, leveraging partnerships with sports leagues, teams, and media companies to continually enhance its product offerings and grow its user base.
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