[8-K] TRINET GROUP, INC. Reports Material Event
SharpLink Gaming (SBET) filed an 8-K (Item 5.02) announcing the appointment of former BlackRock executive Joseph Chalom as Co-Chief Executive Officer effective 24-Jul-25. Incumbent CEO Rob Phythian will serve alongside Chalom and is expected to transition to President next quarter while remaining on the board.
The board approved new employment agreements for its top three officers:
- Chalom: $750k base salary, 100% target bonus, $7.0 m sign-on RSUs (鈪� time-based, 鈪� performance), FY-26 LTIP 鈮� $4.0 m, double-trigger CIC acceleration and 2脳 salary+bonus severance.
- Phythian: $660k base, 100% target bonus, $3.7 m sign-on RSUs, FY-26 LTIP 鈮� $3.7 m, comparable severance/CIC terms.
- CFO DeLucia: $450k base, 100% target bonus, $1.15 m sign-on RSUs, FY-26 LTIP 鈮� $1.15 m, similar protections.
No financial or operating results were disclosed. The hire injects deep fintech and digital-asset expertise, but the sizeable equity grants may create dilution and raise compensation expense. A confirming press release is furnished as Exhibit 99.1.
SharpLink Gaming (SBET) ha presentato un modulo 8-K (Voce 5.02) annunciando la nomina dell'ex dirigente di BlackRock Joseph Chalom come Co-Amministratore Delegato a partire dal 24 luglio 2025. L'attuale CEO Rob Phythian continuer脿 a lavorare insieme a Chalom e si prevede che nel prossimo trimestre passer脿 al ruolo di Presidente, rimanendo comunque nel consiglio di amministrazione.
Il consiglio ha approvato nuovi contratti di lavoro per i suoi tre principali dirigenti:
- Chalom: stipendio base di 750.000 $, bonus obiettivo al 100%, RSU di ingresso per 7,0 milioni di dollari (鈪� basate sul tempo, 鈪� sulle performance), piano LTIP FY-26 鈮� 4,0 milioni di dollari, accelerazione a doppio trigger in caso di cambio di controllo e indennit脿 di licenziamento pari a 2 volte stipendio pi霉 bonus.
- Phythian: stipendio base di 660.000 $, bonus obiettivo al 100%, RSU di ingresso per 3,7 milioni di dollari, piano LTIP FY-26 鈮� 3,7 milioni di dollari, condizioni di licenziamento e cambio di controllo simili.
- CFO DeLucia: stipendio base di 450.000 $, bonus obiettivo al 100%, RSU di ingresso per 1,15 milioni di dollari, piano LTIP FY-26 鈮� 1,15 milioni di dollari, protezioni analoghe.
Non sono stati divulgati risultati finanziari o operativi. Questa nomina apporta una profonda esperienza nel fintech e negli asset digitali, ma le consistenti assegnazioni azionarie potrebbero causare diluizione e aumentare i costi di compensazione. Un comunicato stampa di conferma 猫 disponibile come Allegato 99.1.
SharpLink Gaming (SBET) present贸 un formulario 8-K (脥tem 5.02) anunciando el nombramiento del ex ejecutivo de BlackRock Joseph Chalom como Co-Director Ejecutivo con efecto a partir del 24 de julio de 2025. El actual CEO Rob Phythian continuar谩 trabajando junto a Chalom y se espera que el pr贸ximo trimestre pase a ser Presidente, manteni茅ndose en la junta directiva.
La junta aprob贸 nuevos acuerdos laborales para sus tres principales ejecutivos:
- Chalom: salario base de 750,000 $, bono objetivo del 100%, RSU de incorporaci贸n por 7.0 millones de d贸lares (鈪� basadas en tiempo, 鈪� en desempe帽o), LTIP para el a帽o fiscal 26 鈮� 4.0 millones de d贸lares, aceleraci贸n por doble disparador en caso de cambio de control y indemnizaci贸n por despido de 2 veces salario m谩s bono.
- Phythian: salario base de 660,000 $, bono objetivo del 100%, RSU de incorporaci贸n por 3.7 millones de d贸lares, LTIP para el a帽o fiscal 26 鈮� 3.7 millones de d贸lares, t茅rminos comparables de indemnizaci贸n y cambio de control.
- CFO DeLucia: salario base de 450,000 $, bono objetivo del 100%, RSU de incorporaci贸n por 1.15 millones de d贸lares, LTIP para el a帽o fiscal 26 鈮� 1.15 millones de d贸lares, protecciones similares.
No se divulgaron resultados financieros ni operativos. Esta contrataci贸n aporta una profunda experiencia en fintech y activos digitales, pero las generosas asignaciones de acciones podr铆an causar diluci贸n y aumentar los gastos de compensaci贸n. Un comunicado de prensa confirmatorio se presenta como Anexo 99.1.
SharpLink Gaming (SBET)電� 8-K 氤搓碃靹�(Item 5.02)毳� 鞝滌稖頃橂┌ 鞝� BlackRock 鞛勳洂 Joseph Chalom鞚� 2025雲� 7鞗� 24鞚茧秬韯� 瓿惦彊 斓滉碃瓴届榿鞛�(Co-CEO)搿� 鞛勲獏頄堧嫟瓿� 氚滍憸頄堨姷雼堧嫟. 順� CEO Rob Phythian鞚� Chalom瓿� 頃粯 攴茧頃橂┌ 雼れ潓 攵勱赴鞐愲姅 靷灔鞙茧 鞝勴櫂頃� 鞓堨爼鞚措┌, 鞚挫偓須岇棎電� 瓿勳啀 雮晞 鞛堨姷雼堧嫟.
鞚挫偓須岆姅 靸侅渼 3氇呾潣 鞛勳洂鞐� 雽�頃� 靸堧鞖� 瓿犾毄 瓿勳暯鞚� 鞀轨澑頄堨姷雼堧嫟:
- Chalom: 鞐半磯 75毵� 雼煬, 氇╉憸 氤措剤鞀� 100%, 700毵� 雼煬 靸侂嫻鞚� 靹滊獏 RSU(鈪� 鞁滉皠 旮半皹, 鈪� 靹标臣 旮半皹), 26須岅硠鞐半弰 LTIP 斓滌唽 400毵� 雼煬, 鞚挫 韸鸽Μ瓯� 鞚胳垬 臧�靻嶍檾 氚� 鞐半磯+氤措剤鞀� 2氚� 韲挫旮�.
- Phythian: 鞐半磯 66毵� 雼煬, 氇╉憸 氤措剤鞀� 100%, 370毵� 雼煬 靸侂嫻鞚� 靹滊獏 RSU, 26須岅硠鞐半弰 LTIP 斓滌唽 370毵� 雼煬, 鞙犾偓頃� 韲挫旮� 氚� 鞚胳垬 臁瓣贝.
- CFO DeLucia: 鞐半磯 45毵� 雼煬, 氇╉憸 氤措剤鞀� 100%, 115毵� 雼煬 靸侂嫻鞚� 靹滊獏 RSU, 26須岅硠鞐半弰 LTIP 斓滌唽 115毵� 雼煬, 鞙犾偓頃� 氤错樃 臁办箻.
鞛 霕愲姅 鞖挫榿 靹标臣電� 瓿店皽霅橃 鞎婌晿鞀惦媹雼�. 鞚措矆 鞛勲獏鞚� 旯婌潃 頃�韰岉伂 氚� 霐旍韯� 鞛愳偘 鞝勲靹膘潉 鞝滉车頃橃毵�, 靸侂嫻頃� 欤检嫕 攵�鞐姅 頋劃 須臣毳� 鞚检溂韨り碃 氤挫儊 牍勳毄鞚� 歃濌皜鞁滍偓 靾� 鞛堨姷雼堧嫟. 頇曥澑 氤措弰鞛愲電� 攵�搿� 99.1搿� 鞝滉车霅╇媹雼�.
SharpLink Gaming (SBET) a d茅pos茅 un formulaire 8-K (Article 5.02) annon莽ant la nomination de l'ancien cadre de BlackRock Joseph Chalom en tant que Co-Directeur G茅n茅ral 脿 compter du 24 juillet 2025. Le PDG actuel Rob Phythian travaillera aux c么t茅s de Chalom et devrait passer au poste de Pr茅sident le trimestre prochain tout en restant au conseil d'administration.
Le conseil d'administration a approuv茅 de nouveaux contrats de travail pour ses trois principaux dirigeants :
- Chalom : salaire de base de 750 000 $, prime cible de 100 %, RSU de signature de 7,0 M$ (鈪� bas茅es sur le temps, 鈪� sur la performance), LTIP FY-26 鈮� 4,0 M$, acc茅l茅ration double d茅clencheur en cas de changement de contr么le et indemnit茅 de d茅part 茅quivalente 脿 2 fois le salaire plus prime.
- Phythian : salaire de base de 660 000 $, prime cible de 100 %, RSU de signature de 3,7 M$, LTIP FY-26 鈮� 3,7 M$, conditions de d茅part et de changement de contr么le similaires.
- Directeur financier DeLucia : salaire de base de 450 000 $, prime cible de 100 %, RSU de signature de 1,15 M$, LTIP FY-26 鈮� 1,15 M$, protections similaires.
Aucun r茅sultat financier ou op茅rationnel n鈥檃 茅t茅 divulgu茅. Cette embauche apporte une expertise approfondie en fintech et actifs num茅riques, mais les importantes attributions d鈥檃ctions pourraient entra卯ner une dilution et augmenter les co没ts de r茅mun茅ration. Un communiqu茅 de presse confirmatif est fourni en Annexe 99.1.
SharpLink Gaming (SBET) reichte ein 8-K Formular (Punkt 5.02) ein und gab die Ernennung des ehemaligen BlackRock-Executives Joseph Chalom zum Co-Chief Executive Officer mit Wirkung zum 24. Juli 2025 bekannt. Der amtierende CEO Rob Phythian wird zusammen mit Chalom t盲tig sein und soll im n盲chsten Quartal zum Pr盲sidenten wechseln, bleibt jedoch im Vorstand.
Der Vorstand genehmigte neue Arbeitsvertr盲ge f眉r seine drei wichtigsten F眉hrungskr盲fte:
- Chalom: Grundgehalt von 750.000 $, 100 % Zielbonus, 7,0 Mio. $ Signing-RSUs (鈪� zeitbasiert, 鈪� leistungsabh盲ngig), FY-26 LTIP 鈮� 4,0 Mio. $, Doppel-Trigger CIC-Beschleunigung und Abfindung in H枚he von 2脳 Gehalt plus Bonus.
- Phythian: Grundgehalt von 660.000 $, 100 % Zielbonus, 3,7 Mio. $ Signing-RSUs, FY-26 LTIP 鈮� 3,7 Mio. $, vergleichbare Abfindungs- und CIC-Bedingungen.
- CFO DeLucia: Grundgehalt von 450.000 $, 100 % Zielbonus, 1,15 Mio. $ Signing-RSUs, FY-26 LTIP 鈮� 1,15 Mio. $, 盲hnliche Schutzma脽nahmen.
Es wurden keine finanziellen oder betrieblichen Ergebnisse ver枚ffentlicht. Die Einstellung bringt tiefgehende Fintech- und Digital-Asset-Expertise, aber die umfangreichen Aktienzuteilungen k枚nnten zu Verw盲sserung und erh枚hten Verg眉tungskosten f眉hren. Eine best盲tigende Pressemitteilung ist als Anlage 99.1 beigef眉gt.
- Addition of Joseph Chalom, a former senior BlackRock executive with deep digital-asset experience, could accelerate product innovation and partnerships.
- New agreements tie a portion of equity awards to multi-year performance goals, enhancing long-term alignment with shareholders.
- $11.85 m in initial RSU awards across three executives may create meaningful dilution for existing shareholders.
- Annual cash compensation rises, increasing fixed operating costs without offsetting revenue disclosure.
- Co-CEO structure introduces potential leadership overlap and accountability risk.
Insights
TL;DR 鈥� Seasoned hire seen as strategic positive; dilution and higher fixed costs are key watch-points.
Chalom鈥檚 BlackRock pedigree, especially in digital-asset product development, could expand SharpLink鈥檚 addressable market and institutional relationships. Equity-heavy compensation aligns incentives with shareholders, yet the immediate issuance of ~$12 m in RSUs (vs. the company鈥檚 small market cap) is potentially dilutive. Cash salary increases add ~$1 m in fixed annual expense. Overall impact skews modestly positive given the strategic value of leadership depth.
TL;DR 鈥� Governance structure moves to co-CEO model; protections generous but within market norms.
The shift to a dual-CEO arrangement can improve succession planning but can also blur accountability if not clearly delineated. Severance of 2脳 pay and full CIC acceleration is on the higher side for a micro/small-cap but still aligned with tech-sector benchmarks. Performance weighting of one-third on initial equity grants provides some pay-for-performance balance. Investors should monitor board oversight of potential overlap between the Co-CEOs.
SharpLink Gaming (SBET) ha presentato un modulo 8-K (Voce 5.02) annunciando la nomina dell'ex dirigente di BlackRock Joseph Chalom come Co-Amministratore Delegato a partire dal 24 luglio 2025. L'attuale CEO Rob Phythian continuer脿 a lavorare insieme a Chalom e si prevede che nel prossimo trimestre passer脿 al ruolo di Presidente, rimanendo comunque nel consiglio di amministrazione.
Il consiglio ha approvato nuovi contratti di lavoro per i suoi tre principali dirigenti:
- Chalom: stipendio base di 750.000 $, bonus obiettivo al 100%, RSU di ingresso per 7,0 milioni di dollari (鈪� basate sul tempo, 鈪� sulle performance), piano LTIP FY-26 鈮� 4,0 milioni di dollari, accelerazione a doppio trigger in caso di cambio di controllo e indennit脿 di licenziamento pari a 2 volte stipendio pi霉 bonus.
- Phythian: stipendio base di 660.000 $, bonus obiettivo al 100%, RSU di ingresso per 3,7 milioni di dollari, piano LTIP FY-26 鈮� 3,7 milioni di dollari, condizioni di licenziamento e cambio di controllo simili.
- CFO DeLucia: stipendio base di 450.000 $, bonus obiettivo al 100%, RSU di ingresso per 1,15 milioni di dollari, piano LTIP FY-26 鈮� 1,15 milioni di dollari, protezioni analoghe.
Non sono stati divulgati risultati finanziari o operativi. Questa nomina apporta una profonda esperienza nel fintech e negli asset digitali, ma le consistenti assegnazioni azionarie potrebbero causare diluizione e aumentare i costi di compensazione. Un comunicato stampa di conferma 猫 disponibile come Allegato 99.1.
SharpLink Gaming (SBET) present贸 un formulario 8-K (脥tem 5.02) anunciando el nombramiento del ex ejecutivo de BlackRock Joseph Chalom como Co-Director Ejecutivo con efecto a partir del 24 de julio de 2025. El actual CEO Rob Phythian continuar谩 trabajando junto a Chalom y se espera que el pr贸ximo trimestre pase a ser Presidente, manteni茅ndose en la junta directiva.
La junta aprob贸 nuevos acuerdos laborales para sus tres principales ejecutivos:
- Chalom: salario base de 750,000 $, bono objetivo del 100%, RSU de incorporaci贸n por 7.0 millones de d贸lares (鈪� basadas en tiempo, 鈪� en desempe帽o), LTIP para el a帽o fiscal 26 鈮� 4.0 millones de d贸lares, aceleraci贸n por doble disparador en caso de cambio de control y indemnizaci贸n por despido de 2 veces salario m谩s bono.
- Phythian: salario base de 660,000 $, bono objetivo del 100%, RSU de incorporaci贸n por 3.7 millones de d贸lares, LTIP para el a帽o fiscal 26 鈮� 3.7 millones de d贸lares, t茅rminos comparables de indemnizaci贸n y cambio de control.
- CFO DeLucia: salario base de 450,000 $, bono objetivo del 100%, RSU de incorporaci贸n por 1.15 millones de d贸lares, LTIP para el a帽o fiscal 26 鈮� 1.15 millones de d贸lares, protecciones similares.
No se divulgaron resultados financieros ni operativos. Esta contrataci贸n aporta una profunda experiencia en fintech y activos digitales, pero las generosas asignaciones de acciones podr铆an causar diluci贸n y aumentar los gastos de compensaci贸n. Un comunicado de prensa confirmatorio se presenta como Anexo 99.1.
SharpLink Gaming (SBET)電� 8-K 氤搓碃靹�(Item 5.02)毳� 鞝滌稖頃橂┌ 鞝� BlackRock 鞛勳洂 Joseph Chalom鞚� 2025雲� 7鞗� 24鞚茧秬韯� 瓿惦彊 斓滉碃瓴届榿鞛�(Co-CEO)搿� 鞛勲獏頄堧嫟瓿� 氚滍憸頄堨姷雼堧嫟. 順� CEO Rob Phythian鞚� Chalom瓿� 頃粯 攴茧頃橂┌ 雼れ潓 攵勱赴鞐愲姅 靷灔鞙茧 鞝勴櫂頃� 鞓堨爼鞚措┌, 鞚挫偓須岇棎電� 瓿勳啀 雮晞 鞛堨姷雼堧嫟.
鞚挫偓須岆姅 靸侅渼 3氇呾潣 鞛勳洂鞐� 雽�頃� 靸堧鞖� 瓿犾毄 瓿勳暯鞚� 鞀轨澑頄堨姷雼堧嫟:
- Chalom: 鞐半磯 75毵� 雼煬, 氇╉憸 氤措剤鞀� 100%, 700毵� 雼煬 靸侂嫻鞚� 靹滊獏 RSU(鈪� 鞁滉皠 旮半皹, 鈪� 靹标臣 旮半皹), 26須岅硠鞐半弰 LTIP 斓滌唽 400毵� 雼煬, 鞚挫 韸鸽Μ瓯� 鞚胳垬 臧�靻嶍檾 氚� 鞐半磯+氤措剤鞀� 2氚� 韲挫旮�.
- Phythian: 鞐半磯 66毵� 雼煬, 氇╉憸 氤措剤鞀� 100%, 370毵� 雼煬 靸侂嫻鞚� 靹滊獏 RSU, 26須岅硠鞐半弰 LTIP 斓滌唽 370毵� 雼煬, 鞙犾偓頃� 韲挫旮� 氚� 鞚胳垬 臁瓣贝.
- CFO DeLucia: 鞐半磯 45毵� 雼煬, 氇╉憸 氤措剤鞀� 100%, 115毵� 雼煬 靸侂嫻鞚� 靹滊獏 RSU, 26須岅硠鞐半弰 LTIP 斓滌唽 115毵� 雼煬, 鞙犾偓頃� 氤错樃 臁办箻.
鞛 霕愲姅 鞖挫榿 靹标臣電� 瓿店皽霅橃 鞎婌晿鞀惦媹雼�. 鞚措矆 鞛勲獏鞚� 旯婌潃 頃�韰岉伂 氚� 霐旍韯� 鞛愳偘 鞝勲靹膘潉 鞝滉车頃橃毵�, 靸侂嫻頃� 欤检嫕 攵�鞐姅 頋劃 須臣毳� 鞚检溂韨り碃 氤挫儊 牍勳毄鞚� 歃濌皜鞁滍偓 靾� 鞛堨姷雼堧嫟. 頇曥澑 氤措弰鞛愲電� 攵�搿� 99.1搿� 鞝滉车霅╇媹雼�.
SharpLink Gaming (SBET) a d茅pos茅 un formulaire 8-K (Article 5.02) annon莽ant la nomination de l'ancien cadre de BlackRock Joseph Chalom en tant que Co-Directeur G茅n茅ral 脿 compter du 24 juillet 2025. Le PDG actuel Rob Phythian travaillera aux c么t茅s de Chalom et devrait passer au poste de Pr茅sident le trimestre prochain tout en restant au conseil d'administration.
Le conseil d'administration a approuv茅 de nouveaux contrats de travail pour ses trois principaux dirigeants :
- Chalom : salaire de base de 750 000 $, prime cible de 100 %, RSU de signature de 7,0 M$ (鈪� bas茅es sur le temps, 鈪� sur la performance), LTIP FY-26 鈮� 4,0 M$, acc茅l茅ration double d茅clencheur en cas de changement de contr么le et indemnit茅 de d茅part 茅quivalente 脿 2 fois le salaire plus prime.
- Phythian : salaire de base de 660 000 $, prime cible de 100 %, RSU de signature de 3,7 M$, LTIP FY-26 鈮� 3,7 M$, conditions de d茅part et de changement de contr么le similaires.
- Directeur financier DeLucia : salaire de base de 450 000 $, prime cible de 100 %, RSU de signature de 1,15 M$, LTIP FY-26 鈮� 1,15 M$, protections similaires.
Aucun r茅sultat financier ou op茅rationnel n鈥檃 茅t茅 divulgu茅. Cette embauche apporte une expertise approfondie en fintech et actifs num茅riques, mais les importantes attributions d鈥檃ctions pourraient entra卯ner une dilution et augmenter les co没ts de r茅mun茅ration. Un communiqu茅 de presse confirmatif est fourni en Annexe 99.1.
SharpLink Gaming (SBET) reichte ein 8-K Formular (Punkt 5.02) ein und gab die Ernennung des ehemaligen BlackRock-Executives Joseph Chalom zum Co-Chief Executive Officer mit Wirkung zum 24. Juli 2025 bekannt. Der amtierende CEO Rob Phythian wird zusammen mit Chalom t盲tig sein und soll im n盲chsten Quartal zum Pr盲sidenten wechseln, bleibt jedoch im Vorstand.
Der Vorstand genehmigte neue Arbeitsvertr盲ge f眉r seine drei wichtigsten F眉hrungskr盲fte:
- Chalom: Grundgehalt von 750.000 $, 100 % Zielbonus, 7,0 Mio. $ Signing-RSUs (鈪� zeitbasiert, 鈪� leistungsabh盲ngig), FY-26 LTIP 鈮� 4,0 Mio. $, Doppel-Trigger CIC-Beschleunigung und Abfindung in H枚he von 2脳 Gehalt plus Bonus.
- Phythian: Grundgehalt von 660.000 $, 100 % Zielbonus, 3,7 Mio. $ Signing-RSUs, FY-26 LTIP 鈮� 3,7 Mio. $, vergleichbare Abfindungs- und CIC-Bedingungen.
- CFO DeLucia: Grundgehalt von 450.000 $, 100 % Zielbonus, 1,15 Mio. $ Signing-RSUs, FY-26 LTIP 鈮� 1,15 Mio. $, 盲hnliche Schutzma脽nahmen.
Es wurden keine finanziellen oder betrieblichen Ergebnisse ver枚ffentlicht. Die Einstellung bringt tiefgehende Fintech- und Digital-Asset-Expertise, aber die umfangreichen Aktienzuteilungen k枚nnten zu Verw盲sserung und erh枚hten Verg眉tungskosten f眉hren. Eine best盲tigende Pressemitteilung ist als Anlage 99.1 beigef眉gt.
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | |||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| Exhibit Number | Description | ||||
| 99.1 | Press Release, dated July 25, 2025, entitled “TriNet Announces Second Quarter 2025 Results & Reaffirms Full Year 2025 Guidance" | ||||
| 104 | Cover Page Interactive Data File (embedded with the Inline XBRL document) | ||||
| Exhibit Number | Description | ||||
| 99.1 | Press Release, dated July 25, 2025, entitled “TriNet Announces Second Quarter 2025 Results & Reaffirms Full Year 2025 Guidance" | ||||
| 104 | Cover Page Interactive Data File (embedded with the Inline XBRL document) | ||||
| TriNet Group, Inc. | |||||||||||
| Date: | July 25, 2025 | By: | /s/ Sidney Majalya | ||||||||
| Sidney Majalya | |||||||||||
Senior Vice President, Chief Legal Officer and Secretary | |||||||||||
Source:
FAQ
Who was appointed Co-CEO of SharpLink Gaming (SBET) in July 2025?
What is the value of Joseph Chalom鈥檚 sign-on equity award?
How will Rob Phythian鈥檚 role change under the new structure?
Do the new employment agreements include change-in-control protections?
Were any financial results or guidance provided in this 8-K filing?
