Bally's Corp CFO Resigns; COO Takes Interim Role
Ticker: BALY · Form: 8-K · Filed: Mar 12, 2024 · CIK: 1747079
| Field | Detail |
|---|---|
| Company | Bally'S Corp (BALY) |
| Form Type | 8-K |
| Filed Date | Mar 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, cfo, interim-appointment
Related Tickers: BALY
TL;DR
Bally's CFO out, COO steps in as interim. New employment agreement for COO.
AI Summary
On March 12, 2024, Bally's Corporation filed an 8-K report to disclose the resignation of its Chief Financial Officer, Arthur Adams, effective March 11, 2024. The company also announced that it has entered into a new employment agreement with its Chief Operating Officer, Robert L. Midgley Jr., who will also assume the role of interim CFO. The filing also includes financial statements and exhibits.
Why It Matters
The sudden departure of a CFO can signal internal challenges or strategic shifts, while the appointment of an interim CFO may indicate a search for a permanent replacement is underway.
Risk Assessment
Risk Level: medium — A CFO resignation and interim appointment can introduce uncertainty regarding financial strategy and leadership stability.
Key Players & Entities
- Bally's Corporation (company) — Registrant
- Arthur Adams (person) — Chief Financial Officer (resigned)
- March 11, 2024 (date) — Effective date of CFO resignation
- Robert L. Midgley Jr. (person) — Chief Operating Officer and interim Chief Financial Officer
- March 12, 2024 (date) — Date of report
FAQ
Who has resigned from Bally's Corporation?
Arthur Adams, the Chief Financial Officer, has resigned.
When was Arthur Adams' resignation effective?
Arthur Adams' resignation was effective March 11, 2024.
Who will serve as the interim Chief Financial Officer?
Robert L. Midgley Jr., the Chief Operating Officer, will serve as the interim Chief Financial Officer.
What other agreement did Bally's Corporation enter into?
Bally's Corporation entered into a new employment agreement with Robert L. Midgley Jr.
What is the filing date of this 8-K report?
The filing date of this 8-K report is March 12, 2024.
Filing Stats: 451 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-03-12 10:51:10
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value BALY New York Stock Exchange
Filing Documents
- baly-20240312.htm (8-K) — 24KB
- ex991-pressreleaseofballys.htm (EX-99.1) — 10KB
- blys_lgxrgbxposx210420.jpg (GRAPHIC) — 233KB
- 0001747079-24-000017.txt ( ) — 460KB
- baly-20240312.xsd (EX-101.SCH) — 2KB
- baly-20240312_lab.xml (EX-101.LAB) — 21KB
- baly-20240312_pre.xml (EX-101.PRE) — 12KB
- baly-20240312_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. On March 12, 2024, Bally's Corporation published a press release to announce that its board of directors had formed a special committee of independent and disinterested directors that is authorized, among other things, to evaluate the preliminary, non-binding proposal, dated March 11, 2024, by Standard General. The press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release of Bally's Corporation dated March 12, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES 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. BALLY'S CORPORATION By: /s/ Kim Barker Lee Name: Kim Barker Lee Title: Chief Legal Officer Date: March 12, 2024