Monitor the December 8 annual meeting for say-on-pay approval percentage and any shareholder proposals. The widening net loss and negative same-store sales trend suggests continued operational deterioration — watch for potential guidance revisions or restructuring actions in the next 10-Q.
Price Chart
Executive Summary
Lucky Strike Entertainment's 2026 proxy statement reveals a company under significant financial strain: net loss widened to $35.8M from $10.0M YoY, same-store sales declined 0.2%, and EBITDA hit only 85.9% of target, triggering a 25.3% payout on annual bonuses. CEO Thomas Shannon controls 89.5% of voting power, making the company a controlled entity. Two directors (Born, Harinstein) are not standing for re-election, reducing board size to seven. The say-on-pay and auditor ratification votes are routine, with the board recommending triennial say-on-pay frequency.
Key Facts
- Net loss widened to $35.8M in FY2026 from $10.0M in FY2025
- EBITDA achieved only 85.9% of target; same-store sales declined 0.2%
- Annual incentive payouts were 25.3% of target for NEOs
- CEO Shannon controls 89.5% of voting power; company is a controlled entity
- Directors Richard Born and Jason Harinstein not standing for re-election
- Board recommends triennial (every 3 years) say-on-pay frequency
- Deloitte & Touche LLP reappointment up for ratification
- Former President Lev Ekster resigned in March 2026, received $275K severance
- Stock price fell 15% in FY2026 (from $9.31 to $7.89), reducing CEO option value by $4.7M
Financial Impact
Net loss of $35.8M in FY2026 vs $10.0M in FY2025; CEO total compensation $1.94M; CFO total compensation $2.02M
Risk Factors
- Controlling shareholder control structure limits minority shareholder protections
- Widening net loss trajectory signals ongoing operational challenges
- Negative same-store sales growth indicates core business underperformance
- CEO's 89.5% voting control limits board accountability mechanisms
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEF 14A Filing (Primary) | 0001104659-26-118471 |
| Document: 0001104659-26-118471-index-headers.html | 0001104659-26-118471 |
| Document: 0001104659-26-118471-index.html | 0001104659-26-118471 |
| Document: 0001104659-26-118471.txt | 0001104659-26-118471 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | DEFA14A | $4.18 | awaiting T+60 | — | $4.09 (−2.15%) |
Oct 23, 2026 3d ago | DEF 14A | $4.18 | awaiting T+60 | — | $4.09 (+2.15%) |
Sep 11, 2026 6w ago | Insider Cluster | $5.64 | awaiting T+60 | — | $4.09 (−27.48%) |
Sep 1, 2026 7w ago | Insider Cluster | $6.24 | awaiting T+60 | — | $4.09 (−34.46%) |
Aug 27, 2026 8w ago | 8-K | $6.26 | awaiting T+60 | — | $4.09 (−34.66%) |
Jun 9, 2026 19w ago | Insider Cluster | $7.92 $6.24 | ▼ −21.21% | ▼ −25.03% | $4.09 (−48.36%) |
Jun 8, 2026 20w ago | 8-K | $7.92 $6.24 | ▼ −21.21% | ▼ −25.03% | $4.09 (−48.36%) |
May 6, 2026 24w ago | 8-K | $7.66 $6.70 | ▲ +12.53% | ▲ +14.59% | $4.09 (+46.61%) |
US Market Status
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