Skillz appoints Todd A. Valli as chief accounting officer effective Monday

Skillz Inc. (NYSE:SKLZ) announced the appointment of Todd A. Valli as its chief accounting officer, effective Monday. The decision was made by the company’s board of directors on Friday.

According to a press release statement based on the company’s SEC filing, Mr. Valli, age 51, previously served as senior vice president, corporate finance and tax, and chief accounting officer at Everi Holdings (NYSE:EVRI) Inc. from September 2015 to July 2025. He also held the position of vice president of corporate finance and investor relations at Everi Holdings Inc. from September 2011 to September 2015.

Mr. Valli holds a Bachelor of Science in Business Administration and a Master of Business Administration from the University of Nevada, Las Vegas.

Under the terms of his employment offer, Mr. Valli will receive an annual base salary of $325,000. He is also eligible for annual target incentive compensation of $115,000, which will be pro-rated for 2025 and is subject to the achievement of certain performance goals. The appointment comes as Skillz maintains strong operational metrics, including an impressive gross profit margin of 86% and a healthy current ratio of 5.07, indicating solid short-term liquidity. The agreement includes annual grants of time-based restricted stock units valued at $100,000 and performance stock units also valued at $100,000, both tied to continued service and the attainment of specific corporate performance goals. These equity awards will be granted once the company becomes current with its periodic filings under the Securities Exchange Act of 1934.

Skillz stated that Mr. Valli will serve as the company’s principal accounting officer effective as of the date the company becomes current with its periodic filings.

The company reported that there are no family relationships between Mr. Valli and any directors or executive officers, and no transactions requiring disclosure under SEC regulations. There was no arrangement or understanding with any other person pursuant to which Mr. Valli was appointed as an officer.

This information is based on a press release statement and details disclosed in a filing with the Securities and Exchange Commission. Investors following Skillz should note that the company’s next earnings report is scheduled for August 1, 2025. For deeper insights into Skillz’s financial health and growth prospects, including exclusive ProTips and comprehensive analysis, visit InvestingPro, where you’ll find detailed research reports and expert commentary on over 1,400 US stocks.

In other recent news, Skillz Platform Inc. reported its financial results for the first quarter of 2025, revealing a 21% sequential increase in revenue to $22 million, despite an 11% decline compared to the previous year. The company also managed to significantly reduce its net loss to $15 million from $27 million in the same period last year. Skillz’s paid user conversion rate improved to 16.2%, indicating better user engagement and monetization efforts. The company is planning to invest up to $75 million in game development over the next three years through its accelerator program. However, Skillz is facing ongoing legal challenges, including lawsuits against competitors like Papaya Gaming and Voodoo Games, which are accused of using bots to deceive players. Additionally, the company is addressing compliance issues with NYSE listing standards and is working to file necessary financial statements. Despite these challenges, Skillz’s CFO highlighted the company’s improved cash burn and strong cash position, providing flexibility for future investments. These developments reflect Skillz’s efforts to navigate a competitive landscape while focusing on growth and innovation.

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