Skillz Inc. has announced a transition and separation agreement with outgoing Chief Financial Officer Gaetano Franceschi, following the board's approval of his termination without cause effective January 12, 2026. Under the agreement, Mr. Franceschi will continue to receive his current annual base salary of $400,000 through January 31, 2026, and will receive his 2025 annual time-based restricted stock unit award valued at $400,000, which will vest on the termination date. He will also be paid his earned but unpaid annual bonus for 2025 and retain eligibility for employee benefits through the end of his employment. Michael Darwal has been appointed as the new Chief Financial Officer, effective January 12, 2026.
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. Skillz 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: 0001801661-25-000087), on December 18, 2025, and is solely responsible for the information contained therein.