Company: GAME
Filing Date: 2025-12-31
Form Type: 8-K
Source: 0001493152-25-029779
Chunk: 0

Company: GameSquare Holdings, Inc.
Filing Date: 2025-12-31
Form: 8-K
Item: Item 1.01
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Item
1.01 Entry into a Material Definitive Agreement.

On
December 31, 2025, GameSquare Holdings, Inc. (the “ Company”) entered into a Separation Agreement with Lou Schwartz, pursuant
to which Mr. Schwartz resigned from all positions with the Company, including as Chairman and member of the Board of Directors (the “ Board”)
and the President of the Company, effective as of December 31, 2025 (the “ Termination Date”). Under the terms of the Separation
Agreement, the Company will pay Schwartz & Associates, P. C., an entity affiliated and controlled by Mr. Schwartz, a total of $250,000,
with $70,000 payable upon execution of the Separation Agreement and the remaining balance to be paid in six equal installments between
January 15, 2026 and March 30, 2026. These payments are fixed and unconditional and will be reported as non-employee compensation on
IRS Form 1099.

In
addition, the Company will accelerate and immediately vest 174,324 restricted stock units (“ RSUs”) under outstanding equity
awards held by Mr. Schwartz, with such RSUs deemed earned and issued as of the Termination Date, with no further service or contingency
required. The Company will also issue, within ten business days following certain corporate actions, vested options to acquire 653,570
shares of the Company’s common stock, with a five-year exercise period and subject to the terms of the Company’s Amended
and Restated 2024 Stock Incentive Plan. The Company will pay the full cost of COBRA premiums necessary to continue Mr. Schwartz’s
current health coverage for up to nine months following the Termination Date or until he becomes covered under another group health plan.
The Company has also agreed to indemnify Mr. Schwartz to the fullest extent permitted by Delaware law for claims arising out of his service
as an officer or director, including advancement of legal fees and expenses in connection with currently pending shareholder litigation.

In
connection with the Separation Agreement, Mr. Schwartz will enter into an Advisor Agreement with the Company, effective January 1, 2026,
under which he will provide business advisory services through July 31, 2026.

The
Separation Agreement also contains customary mutual releases, confidentiality, non-disparagement, and cooperation provisions. The foregoing
summary of the Separation Agreement is qualified in its entirety by reference to the full text of the