Brera Holdings PLC announces executive changes

Brera Holdings PLC (the “Company”), a company specializing in amusement and recreation services, reported significant executive changes in a recent filing with the U.S. Securities and Exchange Commission. On Monday, the Company announced the immediate resignation of Pierre Galoppi from his roles as Chief Executive Officer and Interim Chief Financial Officer. The filing clarified that Galoppi’s departure did not stem from disagreements over the Company’s operations, policies, or practices.

Following Galoppi’s exit, the Company’s board of directors appointed Pietro Bersani as the new Chief Executive Officer and Chief Financial Officer. Bersani, who will step down from his committee roles and chairmanship of the Audit Committee, will receive an annual salary of $400,000 and a restricted share award of 300,000 Class B Ordinary Shares under the Brera Holdings PLC 2022 Equity Incentive Plan, which will vest over three years. He is also eligible for a performance bonus as determined by the Compensation Committee.

In addition to the CEO and CFO appointments, Fabio Scacciavillani has been named a director of the Company. He will serve on the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee, and will chair the Audit Committee. Scacciavillani’s compensation includes an annual fee of $56,000 and a restricted share award of 50,000 Class B Ordinary Shares, also vesting over a three-year period.

The Company has entered into a consulting agreement with Abhishek Mathews, appointing him as Chief Information Officer. Mathews will be compensated with an annual salary of $12,000 and a restricted share award of 50,000 Class B Ordinary Shares under the same incentive plan, with a similar three-year vesting schedule and eligibility for a performance bonus.

These executive agreements are detailed in exhibits attached to the SEC filing and are described as part of the Company’s broader governance and compensation framework. This report is also incorporated by reference into the prospectus contained in the Company’s registration statement on Form F-3, initially filed on February 5, 2024, and declared effective on February 13, 2024.

The information in this article is based on a press release statement from Brera Holdings PLC.

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