Hall of Fame Resort & Entertainment: HOFREco Appoints Benjamin Lee as Chief Financial Officer – Form 8-K
HOFREco appoints Benjamin Lee as CFO
CANTON, Ohio – March 9, 2022 – Hall of Fame Resort & Entertainment Company (“HOFV” or the “Company”) (NASDAQ: HOFV, HOFVW), the only resort, entertainment and media company focused on the power of football professional, today announced the appointment of Benjamin Lee as Chief Financial Officer, effective March 21, 2022. Lee will be responsible for all financial aspects of the company’s operations, including accounting, financial reporting, tax , treasury and capital raising.
Lee most recently served as CFO of the capital markets and debt products divisions at PNC Financial Services Group. In this role, he led a team of finance professionals supporting the capital markets and investment banking business, institutional brokerage and financial institutions group segment, generating over $1.2 billion. of annual income. He was also largely responsible for all finance related deliverables including strategic planning, profitability, budgeting, forecasting and external reporting. In this role, he led the entity’s finance team through multiple acquisitions and implemented a successful talent development strategy.
Michael Crawford, President and CEO of HOFV, said: “We are very pleased to welcome Benjamin to the HOFV management team, and we are confident that his 20+ year successes, financial competence and his strong leadership will translate perfectly to our company. The CFO is a fundamentally critical role for any organization, and as we continue to grow our multiple lines of business and revenue-generating initiatives, budget planning remains vital. maintain our growth and ensure that we remain financially responsible to our shareholders.”
Prior to his role at PNC Financial Services Group, Lee was Managing Director and Controller of the Global Markets business unit at Bank of New York Mellon, where he led the team responsible for global interest rate hedging programs. and exchange rates. His notable achievements in this role include redesigning the bank’s interest rate modeling methodologies and the successful implementation of several technical accounting standards impacting the global markets and treasury business.
“I am thrilled to join the leadership team of Hall of Fame Resort & Entertainment Company, which is an incredibly dynamic and exciting company,” said Lee. “I intend to focus on using my pragmatic approach and technical perspective to generate new revenue opportunities for HOFV while executing its existing business plan and providing the utmost transparency to our investors.”
Lee received his Bachelor of Business Administration from Clarion University of Pennsylvania and his Masters of Business Administration from the University of Pittsburgh, Joseph M. Katz School of Business.
About Hall of Fame Resort & Entertainment Company
Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) is a resort and entertainment company leveraging the power and popularity of professional football and its legendary players in partnership with the Pro Football Hall of Fame. Based in Canton, Ohio, Hall of Fame Resort & Entertainment Company owns Hall of Fame Village powered by Johnson Controls, a multi-purpose sports, entertainment and media destination centered on the Pro Football Hall of Fame campus. Famous. Additional information about the Company is available at www.HOFREco.com.
About the Hall of Fame Village powered by Johnson Controls
Hall of Fame Village powered by Johnson Controls is a multi-purpose sports, entertainment and media destination centered around the campus of the Pro Football Hall of Fame in Canton, Ohio. Owned by the Hall of Fame Resort and Entertainment Company (NASDAQ: HOFV, HOFVW), the Village currently has more than $250 million in assets under management and is one of the largest ongoing construction projects in Ohio . Phase I of the project involved the construction of the Tom Benson Hall of Fame Stadium, a world-class 20,000 seat, sports and entertainment stadium, and the National Youth Football and Sports Complex. Phase II, currently under construction, will add the Constellation Center for Excellence, the Center for Performance, a fan engagement area, a Hall of Fame indoor water park and a Hilton Tapestry hotel. Phase III is currently in the planning stage. For more information, visit www.HOFVillage.com.
Certain statements made herein are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words and phrases such as “opportunity, “future”, “will”, “purpose” and “looking ahead” and other similar expressions which predict or indicate future events or trends or which are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, which could lead to actual results or results. differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or results include the Company’s ability to manage growth; the Company’s ability to execute its business plan and achieve its projections, including refinancing its existing term loan and obtaining financing to construct planned facilities; potential litigation involving the Company; changes in applicable laws or regulations; general economic and market conditions affecting demand for the Company’s products and services, and in particular economic and market conditions in the resort and entertainment industry; the potential adverse effects of the current global coronavirus (COVID-19) pandemic on capital markets, general economic conditions, unemployment and liquidity, the Company’s operations and personnel, the inability to maintain the listing of Company’s shares on Nasdaq, as well as those risks and uncertainties discussed from time to time in our reports and other public filings with the SEC. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For Hall of Fame Resort & Entertainment Company
Media inquiries: [email protected]
Investor inquiries: [email protected]