Company: SKLZ
Filing Date: 2025-11-06
Form Type: 10-K
Source: 0001801661-25-000050
Chunk: 95

Company: Skillz Inc.
Filing Date: 2025-11-06
Form: 10-K
Item: Item 13
Chunk 95
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 time of the transaction. The Company recorded the purchase of the Share Repurchase Transactions as treasury stock.

There were no other related party transactions requiring Audit Committee approval in 2024.

Independence of Directors

NYSE rules generally require that independent directors must comprise a majority of a listed company’s board of directors. As a controlled company, we are exempt from such requirements. No director qualifies as independent unless the Board determines that the director has no direct or indirect material relationship with the Company. In addition to considering the NYSE independence criteria, the Board will consider all relevant facts and circumstances of which it is aware in making an independence determination with respect to any director. The Board has made director independence determinations with respect to each of our current directors and one former director who served during 2024. Based on the NYSE independence guidelines, the Board has affirmatively determined that, as of November 3, 2025: (i) four of our current directors, Messrs. Hoffman, Cabot, Mandel, and Wakeford and one of our former director, Mr. Schorr, (A) have no relationships or only immaterial relationships with us, (B) meet the NYSE independence guidelines with respect to any such relationships and (C) are independent; (ii) two of our current directors Messrs. Paradise and Chafkin are not independent as Mr. Paradise is our Chief Executive Officer and Mr. Chafkin is a consultant and our former Chief Strategy Officer.