Dave & Buster’s announced that it has appointed James Chambers, a partner and co-founder of Hill Path Capital LP, to its Board of Directors and Audit, Finance and Compensation Committees, effective December 22. With the addition of Chambers, the Dave & Buster’s Board of Directors will comprise 10 directors, eight of whom are independent.
The company, Chambers and Hill Path have also entered into a cooperation agreement regarding Chambers’ appointment to the Board and certain related matters.
“Hill Path is one of our largest and most engaged shareholders. We are pleased to welcome James as our newest independent director and look forward to continuing to work together to build long-term value for all of our stakeholders,” says Stephen M. King, chairman of the Board of Dave & Buster’s.
Brian A. Jenkins, Chief Executive Officer of Dave & Buster’s, adds, “Hill Path has worked constructively with us for several years. James has deep experience with entertainment brands and I am confident that, together with our other directors, James will help us advance our strategies for growth.”
“Dave & Buster’s is an iconic brand with significant long-term potential. We have great respect for the Dave & Buster’s Board and management team and we look forward to working closely with them to drive increased value for all shareholders,” says Chambers.
“We are pleased to further our support for Dave & Buster’s and continue to partner with the Board and management team to realize the full potential of the Company and its uniquely valuable assets,” says Scott Ross, Managing Partner of Hill Path.
Chambers is a Partner at Hill Path Capital LP, where he has worked since 2016. From 2009 to 2016, Chambers worked at Apollo Global Management, Inc. where he evaluated and executed a wide range of investments across a variety of industries, particularly in the out-of-home entertainment, leisure and hospitality sectors. Prior to Apollo Global Management, Inc., Chambers worked in the Consumer / Retail Group in the Investment Banking Division of Goldman Sachs & Co., Inc., where he advised consumer products, retail and restaurant companies on a variety of strategic and capital raising activities.
Chambers currently serves on the board of directors of SeaWorld Entertainment, Inc. and has previously served on the board of directors of Great Wolf Resorts, Inc., CEC Entertainment (the parent company of Chuck E. Cheese’s and Peter Piper Pizza), Principal Maritime Tankers Corp. and Principal Chemical Carriers, LLC. Mr. Chambers graduated from Duke University in 2007 with a B.A. in Political Science and a Certificate in Markets and Management.
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