Form 4: Dave & Buster's Executive Steve Klohn Sells Shares Following Departure
SEC Form 4 Filing
SVP and Chief Information Officer Steve Klohn sold shares of Dave & Buster's Entertainment, Inc. in connection with his voluntary departure from the company.
Summary
- Steve Klohn, SVP and Chief Information Officer of Dave & Buster's Entertainment, Inc., sold shares of the company's common stock on September 12, 2024.
- He sold 3,225 shares at $31.29 per share and 14,287 shares at $31.098 per share.
- Following these transactions, Klohn directly owns 14,657 shares of Dave & Buster's common stock.
- The sales are related to Klohn's voluntary departure from the company to pursue a new business opportunity.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a routine stock sale following an executive's departure.
Industry Context
Executive departures and subsequent stock sales are common occurrences in publicly traded companies. The market reaction to this event will depend on the perceived impact of Klohn's departure on the company's future performance.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| SVP Chief Information Officer | Steve Klohn | Voluntary departure to pursue a new business opportunity |
Stakeholder Impact
- Shareholders may react to the news of the executive departure and stock sale.
- Employees may experience changes in leadership and organizational structure.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of stock sale transactions |
| 09/13/2024 | Date of signature on the Form 4 filing |
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