PLAYTIKA HOLDING CORP.

(PLTK)
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PLAYTIKA HOLDING CORP. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

01/12/2022 | 04:06pm EDT

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 9, 2022, the Board of Directors (the "Board") of Playtika Holding Corp. (the "Company") unanimously appointed Dana Gross and Hong Du to serve as members of the Board until the Company's next annual meeting of stockholders and until their respective successors are duly elected and qualified. In addition, Ms. Gross has been appointed to serve on the Company's Audit Committee, and Ms. Du has been appointed to serve on the Company's Compensation Committee. There are no arrangements or understandings between Ms. Gross or Ms. Du and any other person pursuant to which Ms. Gross or Ms. Du were appointed to serve on the Board. Neither Ms. Gross nor Ms. Du has any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Ms. Gross and Ms. Du will receive compensation for their services as directors. Each of Ms. Gross and Ms. Du will receive an annual cash retainer of $50,000 for service on the Board. In addition, Ms. Gross will receive $25,000 per annum for service on the audit committee, and Ms. Du will receive $10,000 per annum for service on the compensation committee. The Company also anticipates that each of Ms. Gross and Ms. Du will receive an award of restricted stock units consistent with the Company's prior practice, as described further in the "Director Compensation" section of the Company's Proxy Statement filed with the Securities and Exchange Commission on April 28, 2021.

In accordance with the Company's customary practice, the Company will also enter into its standard form of indemnification agreement with each of Ms. Gross and Ms. Du, which agreement is filed as Exhibit 10.1 to the Company's Registration Statement on Form S-1, as filed with the SEC on December 18, 2020.

On January 11, 2022, the Company issued a press release announcing the appointments of Ms. Gross and Ms. Du to the Board of Directors. The press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d)  Exhibits

 Exhibit No.      Description
99.1                Press Release dated January 11, 2022

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