Motorsport Games Inc. Announces Updated Executive Compensation Plan with Increased Salaries and Catch-Up Bonuses

Reuters

2025/09/06

<a href="https://laohu8.com/S/MSGM">Motorsport Games Inc.</a> Announces Updated Executive Compensation Plan with Increased Salaries and Catch-Up Bonuses

Motorsport Games Inc. has announced updates to the compensation package for its executive officers, effective September 1, 2025. The Board of Directors approved the Compensation Committee's recommendations to increase the annual base salary for Chief Executive Officer Stephen Hood to $485,000 and for Chief Financial Officer Stanley Beckley to $300,000. Additionally, a catch-up bonus for 2024 will be paid in September 2025, amounting to $50,000 for the CEO and an undisclosed sum for the CFO. Due to the company's inability to secure stockholder approval for additional equity awards, no equity grants were made in 2024 or 2025. However, the Board has committed to honoring any previous equity compensation commitments in the event of a "Change of Control" or if a Director departs the company under certain conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Motorsport Games Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-012742), on September 05, 2025, and is solely responsible for the information contained therein.

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Announces Updated Executive Compensation Plan with Increased Salaries and Catch-Up Bonuses","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/MSGM\">Motorsport Games Inc.</a> Announces Updated Executive Compensation Plan with Increased Salaries and Catch-Up Bonuses\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Motorsport Games Inc. has announced updates to the compensation package for its executive officers, effective September 1, 2025. The Board of Directors approved the Compensation Committee's recommendations to increase the annual base salary for Chief Executive Officer Stephen Hood to $485,000 and for Chief Financial Officer Stanley Beckley to $300,000. 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Announces Updated Executive Compensation Plan with Increased Salaries and Catch-Up Bonuses\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-09-06 04:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/MSGM\">Motorsport Games Inc.</a> Announces Updated Executive Compensation Plan with Increased Salaries and Catch-Up Bonuses\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Motorsport Games Inc. has announced updates to the compensation package for its executive officers, effective September 1, 2025. The Board of Directors approved the Compensation Committee's recommendations to increase the annual base salary for Chief Executive Officer Stephen Hood to $485,000 and for Chief Financial Officer Stanley Beckley to $300,000. Additionally, a catch-up bonus for 2024 will be paid in September 2025, amounting to $50,000 for the CEO and an undisclosed sum for the CFO. Due to the company's inability to secure stockholder approval for additional equity awards, no equity grants were made in 2024 or 2025. However, the Board has committed to honoring any previous equity compensation commitments in the event of a \"Change of Control\" or if a Director departs the company under certain conditions.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Motorsport Games Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-012742), on September 05, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MULN","symbol_name":"Mullen Automotive","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250905:nNDLcdBz95:1","article_id":"2565593294","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2565593294","pubTimestamp":1757104673,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Motorsport Games Inc. has announced updates to the compensation package for its executive officers, effective September 1, 2025. 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