Dave & Buster's(US:PLAY) Globenewswire·2025-07-21 20:05Core Points - Dave & Buster's Entertainment, Inc. announced the granting of stock options and performance stock units to Tarun Lal as an inducement for his appointment as CEO [1][2] - The awards were approved by the Board in accordance with Nasdaq corporate governance rules and were granted on July 15, 2025 [1][2] Summary of Awards - Mr. Lal received a total of 124,766 stock options that will vest annually over three years from the grant date [2] - An additional 124,766 options will vest if the company's stock price doubles before February 1, 2028, contingent on Mr. Lal's continued employment [2] - Further, 83,177 options will vest if the stock price triples before February 1, 2028, also subject to continued employment [2] - An additional 31,191 options will vest annually over three years, conditioned on Mr. Lal purchasing $1,000,000 of the company's common stock by December 31, 2026 [2] - Mr. Lal was also granted 124,766 performance stock units (PSUs) based on achieving same store sales growth metrics, which will vest annually over two years [2] - Another 124,766 PSUs will be earned based on achieving specific 2027 Adjusted EBITDA, average same store sales growth, and relative total shareholder return metrics [2] Company Overview - Founded in 1982, Dave & Buster's operates 236 venues across North America, offering entertainment and dining experiences [3] - The company has 175 Dave & Buster's branded stores in 43 states, Puerto Rico, and Canada, providing a full menu and various entertainment attractions [3] - Additionally, the company operates 61 Main Event branded stores in 22 states, featuring bowling, laser tag, arcade games, and virtual reality experiences [3]