Ryan R. Moore
DraftKingsAbout Ryan R. Moore
Independent director (age 51) serving on DraftKings’ board since April 2020. Co‑founder and former General Partner of Accomplice Management, LLC (GP until December 2023); prior venture roles at SoftBank Capital Partners, GrandBanks Capital, and Atlas Advisors (predecessor to Accomplice). Holds an A.B. in Economics from Princeton University. His core credentials are early‑stage technology investing and venture governance experience applied to gaming/media growth businesses .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Accomplice Management, LLC | Co‑founder; General Partner | Jan 2015 – Dec 2023 | Early-stage tech investing; multiple portfolio boards |
| Atlas Advisors (predecessor to Accomplice) | Partner | Aug 2011 – Dec 2014 | Seed/early-stage focus |
| GrandBanks Capital | General Partner | Prior to 2011 (dates not specified) | Early‑stage tech investments |
| SoftBank Capital Partners | Venture Investor (early career) | Early career (dates not specified) | VC training; deal sourcing in tech/eSports |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Various portfolio boards | Director (unspecified companies) | Various | Proxy notes service “on numerous other companies” without naming specifics |
| Accomplice Fund II, L.P. | Affiliate (historical) | Until Dec 9, 2023 | Historical affiliation noted in related-party table; no longer affiliated as of Dec 2023 |
Board Governance
- Committee assignments: Audit Committee member; Compensation Committee chair; both committees comprised of independent directors .
- Independence: Classified as an independent director under Nasdaq and SEC rules; DKNG is a “controlled company” (CEO holds ~89% voting power), but board voluntarily maintains majority independence and independent key committees .
- Attendance and engagement: Board met six times in 2024; non‑employee directors held four executive sessions; each director attended at least 75% of aggregate board/committee meetings for their service .
- Lead independent director: Company states it does not have a lead independent director .
- Executive sessions: Four in 2024 (non‑employee directors) .
Fixed Compensation
Director pay is largely equity‑based with retainer and committee fees delivered in equity until the company is profitable; standard cash retainers are disclosed for program design .
| Component | 2024 Amount ($) | Notes |
|---|---|---|
| Equity awards (RSUs) | 322,834 | Grant-date fair value; unvested RSUs at 12/31/24: 6,969 |
| All other compensation | 36,500 | Company-sponsored events |
| Total | 359,334 | Sum of items above |
| Board retainer (program design) | 45,000 | Paid quarterly; delivered in equity until profitable |
| Committee chair fees (program design) | 17,500 | Compensation chair; other chair fees: audit $20,000; nom/gov $10,000; compliance & risk $10,000; transaction $10,000 |
| Committee member fees (program design) | 7,500 | Compensation member; audit $10,000; nom/gov $5,000; compliance & risk $5,000; transaction $10,000 |
| Annual director equity retainer | 250,000 | RSUs vest at next annual meeting or 1‑year anniversary |
Performance Compensation
- Directors do not receive performance-based awards; director equity is time-based RSUs with annual vesting cadence .
| Performance Metric | Applied to Director Pay? | Basis |
|---|---|---|
| Revenue/EBITDA/TSR | No | Director awards are time-based RSUs |
Other Directorships & Interlocks
- Compensation Committee interlocks: None—members (Ryan R. Moore, Steven J. Murray, Jocelyn Moore) have not served as DKNG officers; DKNG executives did not serve on boards/comp committees of entities with executives on DKNG’s comp committee .
- Related-party exposure (venture interlock): Accomplice Fund II, L.P. (historically affiliated with Ryan Moore until Dec 9, 2023) invested $1.0 million and holds 1,500,000 common units in DKFS, LLC, a DraftKings joint venture; Ryan Moore no longer affiliated as of Dec 2023, reducing direct conflict risk .
Expertise & Qualifications
- Venture capital and technology investing experience; board service across numerous companies, including eSports-related exposure (proxy statement characterization) .
- Audit Committee service (not designated financial expert—Audit Chair Steven J. Murray is the board’s “audit committee financial expert”) .
- Compensation governance leadership as Compensation Committee chair; committee uses independent consultant FW Cook; Compensation Committee concluded FW Cook is independent and conflict‑free .
Equity Ownership
Skin-in-the-game snapshot (as of record date):
| Item | Amount | Notes |
|---|---|---|
| Beneficial ownership (Class A shares) | 68,881 | Security ownership table |
| Ownership as % of Class A outstanding | ~0.014% | Computed from 68,881 shares and 499,955,809 Class A shares outstanding |
| Unvested director RSUs | 6,969 | Unvested RSUs per non‑employee director at 12/31/24 |
| Pledging/hedging | None disclosed for Ryan Moore | Pledge footnotes list others; Ryan Moore’s footnote contains no pledge |
| Stock ownership guideline | 5x board cash retainer | Director guideline; measured over 5 years |
Governance Assessment
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Strengths:
- Independent director leading Compensation Committee; committee uses independent consultant (FW Cook) and applies pay‑for‑performance principles for executives, enhancing governance credibility .
- Dual committee service (Audit and Compensation) indicates high engagement and breadth of oversight .
- No compensation interlocks or related‑party involvement in current period; historical venture affiliation with Accomplice ended in 2023, mitigating ongoing conflict .
-
Watch items / RED FLAGS:
- Controlled company structure: CEO holds ~89% voting power, which assures ballot outcomes and can diminish minority shareholder influence; board lacks a lead independent director, reducing counterbalance to combined Chair/CEO authority .
- Director compensation delivery in equity until profitability increases alignment but contributes to dilution; investors should monitor equity grant practices and burn rate disclosures across the broader program .
- Board only discloses that directors attended at least 75% of meetings (not precise rates), limiting granularity of individual director engagement assessment .
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Additional context:
- Insider reporting timeliness: one late Form 4 in 2024 for CEO; no other late filings noted—no issues cited for Ryan Moore .
- Related-party aircraft lease and security program pertain to CEO; not directly to Ryan Moore, but reflects broader governance risk management oversight required by Audit/Compensation Committees .