Business
Dave & Buster’s Entertainment, Inc. Appoints John Hockin to its Board of Directors
DALLAS, May 12, 2020 (GLOBE NEWSWIRE) -- Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) (the “Company”), an owner and operator of entertainment and dining
About this update from Dave & Buster's Entertainment, Inc.
[{"type":"text","content":"DALLAS, May 12, 2020 (GLOBE NEWSWIRE) -- Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) (the “Company”), an owner and operator of entertainment and dining venues, today announced that John C. Hockin has been appointed to the Company’s Board of Directors, effective May 8, 2020. Mr. Hockin is a Managing Director at KKR, a leading investment firm with significant holdings in both private and public equities.\n With this appointment, the Company is temporarily expanding the size of its Board to 10 members. Victor Crawford, who has served on the Board since 2016, has decided not to stand for re-election at the Company’s upcoming Annual Meeting of Shareholders. As such, at the Annual Meeting the Board will automatically be reduced back to nine directors, seven of whom will be independent. “We are pleased to welcome John as a new independent director,” said Stephen King, Chairman of the Board. “We have built a relationship with John as a representative of one of Dave & Buster’s largest investors and believe he will bring valuable perspective and deep financial and investment experience to the Board as we work to create lasting value for our stakeholders. I also want to thank Victor for his committed service to our Board, our Company, and our shareholders throughout his tenure.” Brian Jenkins, Chief Executive Officer, said, “Over the last several months, Dave & Buster’s has taken swift action to manage through this unprecedented period of uncertainty and position our Company to emerge stronger. Our Board has provided strong guidance and oversight throughout, and I am confident that John’s knowledge, expertise and insights will help us thoughtfully navigate today’s challenging business conditions and advance our strategies for growth as we reopen our stores.” Mr. Hockin commented, “Dave & Buster’s is a differentiated and experiential concept that has been a market leader and delivered terrific growth and results over time. The Company is well positioned to regain its strong footing as business conditions improve across the country. I look forward to joining the Board and working closely with my fellow directors and the management team to help set Dave & Buster’s on a course for long-term success and value creation.” About John Hockin John Hockin joined KKR in 2015 to lead its public equity investment efforts which focus on collaborati...