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On September 21, Jamaal Lesane became the company's new Executive Vice President and Chief Legal Officer. He previously served as the Chief Operating Officer. At the same time, Bryan Warner stopped serving as an executive officer but will stay on as Senior Vice President and Head of Legal.
This is an internal shuffle of roles rather than a departure from the company. While leadership changes can sometimes signal a shift in strategy, this looks like a routine realignment of the legal and operations teams ahead of the planned corporate split in October.
Source: 8-K filing
Management has a choppy record of predicting their own results, with actual profits often swinging far from forecasts as deep playoff runs and high player costs make the business hard to model.
| Expectation | |
|---|---|
| EPS | $-1.09 |
| Revenue | $41M |
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