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Matthew Kalish

President, DraftKings North America at DraftKings
Board
Since December 2019
Age
43 years
Education
Holds a Master of Business Administration from Boston College and a Bachelor of Arts in Computer Science and Economics from Columbia University.
Tenure
Joined as a co-founder in December 2011, served as Chief Revenue Officer from 2014 until December 2019, and was promoted to President, DraftKings North America in December 2019.

Also at DraftKings

PL
Paul Liberman
President, Global Technology and Product
AE
Alan Ellingson
Chief Financial Officer

About

Matthew Kalish is a co-founder and current President of DraftKings North America, playing a pivotal role in the company's evolution since its inception in December 2011. He holds an MBA from Boston College and a BA in Computer Science and Economics from Columbia University, laying a strong educational foundation for his career.

After co-founding the company, he served as Chief Revenue Officer from 2014 until December 2019, during which he was instrumental in expanding DraftKings' offerings and driving revenue growth. In December 2019, he was promoted to President, overseeing the performance of Sportsbook, iGaming, and Daily Fantasy Sports, and ensuring operational excellence across marketing and customer experience functions.

His strategic leadership has helped establish a competitive position for DraftKings in the U.S. real-money gaming market, complemented by his ongoing service as a member of the Board of Directors since April 2020.

Past Roles

OrganizationRoleDate RangeDetails
DraftKings Chief Revenue Officer 2014 - December 2019 Oversaw revenue-related activities including customer acquisition, retention, and monetization strategies

External Roles

OrganizationRoleDate RangeDetails
Autograph Board of Advisors N/A Marketplace for non-fungible tokens

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Annual Base Salary$1 2024Fixed annual salary
Time-Based RSUs154,392 shares, $6,733,035 fair value Granted on Feb 12, 2024 Time-based RSUs granted in 2024
Stock Vested125,443 shares vested in 2024 2024Shares vested in 2024 from the February 2023 grant
Unvested RSUs154,392 shares 2024 (vesting pending)Shares remain unvested as of 2024
Other Benefits$912,146 2024Other benefits provided in 2024
Termination or Change in Control Payments$71,607,880 (absent change), $121,586,938 (with change) Triggered upon terminationCash severance, stock incentives, and additional benefits details
Stock Options1,133,561 shares, $3.28 exercise price Expires May 3, 2028 Outstanding stock options granted in 2024

Performance Compensation

Data from  FY 2024

Annual Bonus

MetricRevenueAdjusted EBITDA
Weight50% 50%
Threshold$5,005 million $422 million
Target$5,081 million $452 million
Maximum$5,455 million $602 million
Actual Result$4,768 million (0% payout) $181 million (0% payout)
Target Bonus Amount$531,250

*The Annual Bonus is a one-time cash payout for 2024, contingent on achieving a minimum threshold for both metrics. Failure to meet the threshold in either metric results in a 0% payout. Employees must be employed on the bonus payment day to receive the payout. *

Performance-Based RSUs (PSUs)

DetailValue
Grant DateFeb 12, 2024
Grant Date Fair Value$4,488,690
Grant Date Stock PriceBased on the 30-day average closing price prior to the grant date
PSU Metrics for 2025Target: 51,464 shares; payout range: 25% to 200% of target
PSU Metrics for 2027Target: 51,464 shares; based on Normalized Net Revenue growth and Adjusted EBITDA margin expansion
Vesting ConditionsSubject to the achievement of the respective performance metrics at the end of each evaluation period
Evaluation Period2025 for the first tranche and 2027 for the second tranche

*The PSUs granted in 2024 have performance-based vesting conditions tied to future metric achievements, with no immediate payout. Actual awards will depend on the company’s performance relative to the established targets. *