PLAYSTUDIOS Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$MYPS
Computer Software: Prepackaged Software
Technology
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Forfeiture of 2025 Performance-Based Equity Awards
On March 12, 2026, Compensation Committee (the “Compensation Committee”) of the Board of Directors of PLAYSTUDIOS, Inc. (the “Company”) determined that, with respect to certain performance stock units performance stock units (“PSUs”) under the Company’s 2021 Equity Incentive Plan (the “Plan”) previously granted to each of Andrew Pascal, Chairman and Chief Executive Officer; Robert L. Oseland, Chief Operating Officer; Scott Peterson, Chief Financial Officer; and Joel Agena, General Counsel and Secretary, as reported on the Company’s Current Report on Form 8-K dated March 7, 2025 (filed March 10, 2025), the applicable financial performance targets for the fiscal year ended December 31, 2025 were not achieved and, accordingly, such PSUs were forfeited and no shares will be issued.
Grant of 2026 Performance-Based Equity Awards
On March 12, 2026, the Compensation Committee approved grants of PSUs under the Plan to certain of the Company’s officers in the following amounts:
| Officer | Number of PSUs | |||||||
| Andrew Pascal, Chairman and Chief Executive Officer | 625,000 | |||||||
| Scott Peterson, Chief Financial Officer | 250,000 | |||||||
| Robert L. Oseland, Chief Operating Officer | 233,333 | |||||||
| Joel Agena, General Counsel and Secretary | 125,000 | |||||||
The PSUs are eligible to vest following certification of the Company’s performance results for the fiscal year ending December 31, 2026, with settlement expected to occur on or about March 15, 2027, subject in each case to the recipient’s continued employment with the Company through the applicable vesting date. Each PSU represents the right to receive one share of the Company’s Class A common stock, or the cash value thereof, upon vesting and settlement. Vesting will be based on the Company’s achievement of pre-established financial performance targets approved by the Compensation Committee for fiscal year 2026, and the number of shares issuable upon vesting may range from 0% to 100% of the number of PSUs granted, based on the Company’s actual performance relative to such targets.
The foregoing description of the PSUs is a summary only and does not purport to describe all terms and conditions applicable to the awards. The description is subject to and qualified in its entirety by the terms of the Plan, a copy of which is filed as Exhibit 10.6 to the Company’s Current Report on Form 8-K dated June 21, 2021 (filed June 25, 2021), and the form of Performance Stock Unit Award Agreement, a copy of which is filed as Exhibit 10.2, each of which is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(a)None
(b)None
(c)None
(d)Exhibits
| Exhibit Number | Description | |||||||
| 10.1^ | ||||||||
| 10.2*^ | ||||||||
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) | |||||||
| * | Filed herewith | ||||
| ^ | Indicates management contract or compensatory plan | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: March 18, 2026
| PLAYSTUDIOS, Inc. | |||||||||||
| By: | /s/ Scott Peterson | ||||||||||
| Name: | Scott Peterson | ||||||||||
| Title: | Chief Financial Officer | ||||||||||