Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Chief Financial Officer and Appointment of Interim Chief Financial
Officer
James Bombassei departed as Chief Financial Officer and Secretary of the SciPlay
Corporation (the "Company") effective as of February 18, 2023. Daniel O'Quinn,
42, the Company's Vice President, Finance, will serve as Interim Chief Financial
Officer and Secretary of the Company, as well as the Company's principal
accounting officer, effective immediately.
Mr. O'Quinn has served as Vice President, Finance at the Company since December
2022 and from March 2021 to August 2021. Mr. O'Quinn previously served as
Interim Chief Financial Officer and Secretary from August 2021 to December 2022.
Prior to March 2021, Mr. O'Quinn was the Senior Director of Finance and
Accounting and the Director of Accounting at the Company. Prior to joining the
Company in August 2018, Mr. O'Quinn was the Controller of Extended Business
Lines at Learfield, a collegiate sports media and technology company, from
September 2014 to August 2018. Mr. O'Quinn also has experience serving with
Commercial Metals Company and KPMG. Mr. O'Quinn is a CPA and holds a BBA in
Accounting from Texas State University.
In connection with his appointment, Mr. O'Quinn will receive the following
additional compensation: (i) $50,000 cash (the "Cash Bonus Amount"), with 50%
payable immediately and 50% payable six months following Mr. O'Quinn's
appointment; (ii) a $100,000 cash retention bonus payable in two equal
installments at the time the Company files its quarterly report for the third
fiscal quarter of 2023 and its annual report for fiscal year 2023; and (iii) for
fiscal year 2023 only, (A) an increase in Mr. O'Quinn's target bonus opportunity
to 75% of his base salary, (B) an increase in Mr. O'Quinn's target award under
the Company's Senior Executive Incentive Plan to 200% of his base salary and (C)
an increase in Mr. O'Quinn's target long-term incentive award to 75% of his base
salary; provided that all such target amounts will be calculated by including
the Cash Bonus Amount in Mr. O'Quinn's 2023 base salary.
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