UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

______________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): September 24, 2019

ALLIED ESPORTS ENTERTAINMENT, INC.

(Exact Name of Registrant as Specified in Charter)

17877 Von Karman Avenue, Suite 300

Irvine, California, 92614

(Address of Principal Executive Offices) (Zip Code)

(949) 225-2600

(Registrant’s Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Kenneth DeCubellis Resigns as Chief Financial Officer

On September 24, 2019, Kenneth DeCubellis resigned as Chief Financial Officer and Treasurer of Allied Esports Entertainment, Inc. (the “Company”). Mr. DeCubellis will remain with the Company through the end of the year on a consulting basis to assist with transitioning finance matters for the Company.

Anthony A. Hung Appointed as Chief Financial Officer

Effective September 24, 2019, the Company appointed Anthony A. Hung as Chief Financial Officer of the Company. Before joining the Company, Mr. Hung served as the Chief Executive Officer and Chief Financial Officer of Audio Design Experts, a privately held provider of premier audio solutions for leading consumer brands. Mr. Hung also served as Senior Vice President, Business Development and Sales for Cooking.com, where he oversaw the e-commerce services business and advertising sales operations. He served as the Chief Financial Officer of Golden Eye Dealership Solutions, a software-as-a-service start-up focused on automotive dealerships. Mr Hung was a General Partner at DynaFund Ventures, and served in positions related to finance and strategy at the Walt Disney Company. Mr. Hung received a Master of Business Administration degree from the Anderson School at UCLA, and a Bachelor of Arts degree in Economics from Harvard College. The Company believes that Mr. Hung’s experience and expertise in corporate finance, strategy, and operations will be valuable to the Company.

The Company has agreed to pay to Mr. Hung an annual salary of $285,000, plus standard medical and employee benefits of the Company. Mr. Hung will receive six months of salary as severance if the Company terminates Mr. Hung’s employment without cause, or Mr. Hung resigns for good reason, and Mr. Hung provides a release of the Company at the time of such termination or resignation, which release is not rescinded and is in a form acceptable to the Company.

On September 30, 2019, the Company issued a press release announcing the appointment of Mr. Hung as Chief Financial Offer of the Company, a copy of which is furnished as Exhibit 99.1 hereto.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: September 30, 2019