Bally's Stockholders Approve Share Issuance for Gamesys Acquisition

TL;DR

Bally's shareholders OK'd issuing stock for the Gamesys deal. Big move incoming.

AI Summary

On May 16, 2024, Bally's Corporation filed an 8-K to report on the results of its annual meeting of stockholders. The company announced that its Class A common stock shareholders approved the issuance of shares of Class A common stock in connection with the company's previously announced acquisition of Gamesys Group plc. The acquisition is expected to close in the second quarter of 2024.

Why It Matters

This shareholder approval is a critical step towards Bally's acquisition of Gamesys, potentially reshaping its market position and future revenue streams.

Risk Assessment

Risk Level: medium — The approval is a positive step, but the acquisition's success and integration still carry inherent risks.

Key Players & Entities

• Bally's Corporation (company) — Registrant
• Gamesys Group plc (company) — Acquisition Target
• Class A common stock (security) — Approved for issuance
• May 16, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common stock, $0.01 par value BALY New York Stock Exchange

Filing Documents

• baly-20240516.htm (8-K) — 40KB
• 0001747079-24-000058.txt ( ) — 161KB
• baly-20240516.xsd (EX-101.SCH) — 2KB
• baly-20240516_lab.xml (EX-101.LAB) — 21KB
• baly-20240516_pre.xml (EX-101.PRE) — 12KB
• baly-20240516_htm.xml (XML) — 3KB

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. Bally's Corporation (the "Company") held its 2024 Annual Meeting of Shareholders (the "Annual Meeting") virtually on May 16, 2024. There were 40,426,353 outstanding shares of common stock entitled to vote at the Annual Meeting, of which 30,935,608 were present or represented by proxy. The Company's shareholders voted on three proposals at the Annual Meeting. The results of voting on four proposals, including final voting tabulations, are set forth below. Proposal 1 - Election of Directors At the Annual Meeting, the shareholders elected Terrence Downey, Jaymin B. Patel and Wanda Young Wilson to serve as directors for a term of three years. The vote was as follows: For Withheld Broker Non-Votes Terrence Downey 20,328,022 7,162,217 3,445,369 Jaymin B. Patel 22,913,550 4,576,689 3,445,369 Wanda Young Wilson 22,911,409 4,578,830 3,445,369 Proposal 2 - Ratification of the Appointment of Independent Registered Public Accounting Firm At the Annual Meeting, the shareholders approved the ratification of the appointment of Deloitte & Touche, LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024. The vote was as follows: For Against Abstain Broker Non-Votes 30,620,768 267,586 47,254 — Proposal 3 - Approval, on a Non-binding Advisory Basis, of the Compensation of the Company's Named Executive Officers At the Annual Meeting, the vote to approve, on a non-binding advisory basis, the compensation of the Company's named executive officers was as follows: For Against Abstain Broker Non-Votes 23,639,154 3,819,176 31,909 3,445,369 Proposal 4 - Shareholder Proposal Regarding a Report on the Adoption of a Smokefree Policy. At the Annual Meeting, the vote to consider a shareholder proposal regarding a report on the adoption of a smokefree policy was as follows: For Against Abstain Broker Non-Votes 3,145,853 23,983,362 361,024 3,445,369

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: May 17, 2024

View Full Filing

View this 8-K filing on SEC EDGAR