On April 2, 2026, Motorsport Games Inc. announced the appointment of Stephen Hood as the new Chief Executive Officer (CEO) through an employment agreement effective March 27, 2026. Hood will report directly to the Board of Directors and will receive an annual base salary of £378,000. In addition to his salary, Hood is eligible for an annual bonus targeted at 50% of his base salary, contingent upon the achievement of performance metrics set by the Board. The agreement also allows for potential equity awards under the company's 2021 Equity Incentive Plan, subject to the discretion of the Compensation Committee. The contract includes a notice period of six months for termination by Hood and eighteen months for termination by the company, during which Hood will continue to receive his salary and benefits. The agreement also imposes certain restrictive covenants, including non-competition and confidentiality clauses, to protect the company's interests. This leadership change is expected to positively influence the company's strategic direction and operational execution, although the immediate financial impact remains to be seen.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.