Full House Resorts Elects New Directors, Updates Exec Contracts
Ticker: FLL · Form: 8-K · Filed: Jun 12, 2024 · CIK: 891482
| Field | Detail |
|---|---|
| Company | Full House Resorts Inc (FLL) |
| Form Type | 8-K |
| Filed Date | Jun 12, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: FUL
TL;DR
Full House Resorts adds 2 directors, signs new deals with CEO & CFO.
AI Summary
On June 7, 2024, Full House Resorts, Inc. announced changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Mr. Daniel Lee and Mr. Michael J. Masterson, to its Board. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Mr. Daniel Lee, and its Chief Financial Officer, Mr. Ryan M. Growney, effective June 7, 2024.
Why It Matters
The election of new directors and updated executive contracts can signal strategic shifts or confidence in leadership, potentially impacting the company's future performance and shareholder value.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance changes and executive compensation, with no immediate financial distress or significant operational risks indicated.
Key Players & Entities
- Full House Resorts, Inc. (company) — Registrant
- Daniel Lee (person) — Newly elected director and CEO
- Michael J. Masterson (person) — Newly elected director
- Ryan M. Growney (person) — Chief Financial Officer
- June 7, 2024 (date) — Effective date of board changes and new employment agreements
FAQ
Who were the new directors elected to the Full House Resorts, Inc. Board?
Mr. Daniel Lee and Mr. Michael J. Masterson were elected as new directors to the Board of Full House Resorts, Inc.
What is the effective date of the new employment agreements?
The new employment agreements for the Chief Executive Officer and Chief Financial Officer are effective as of June 7, 2024.
What positions do Daniel Lee and Ryan M. Growney hold within the company?
Daniel Lee is the Chief Executive Officer and Ryan M. Growney is the Chief Financial Officer of Full House Resorts, Inc.
What type of corporate event is reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
In which state is Full House Resorts, Inc. incorporated?
Full House Resorts, Inc. is incorporated in Delaware.
Filing Stats: 540 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2024-06-12 17:29:06
Key Financial Figures
- $0.0001 — nge on which registered Common stock, $0.0001 par value per share FLL The Nasdaq
Filing Documents
- fll-20240607x8k.htm (8-K) — 32KB
- 0001558370-24-009101.txt ( ) — 148KB
- fll-20240607.xsd (EX-101.SCH) — 3KB
- fll-20240607_lab.xml (EX-101.LAB) — 16KB
- fll-20240607_pre.xml (EX-101.PRE) — 10KB
- fll-20240607x8k_htm.xml (XML) — 5KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On June 7, 2024, Michael Hartmeier submitted his resignation as a member of the Board of Directors (the "Board") of Full House Resorts, Inc. (the "Company"), effective immediately. Mr. Hartmeier's resignation was not because of a disagreement with the Board or the Company on any matter relating to the Company's operations, policies or practices. Mr. Hartmeier is pursuing a new opportunity within the gaming industry, and the Company is appreciative of Mr. Hartmeier's service on the Board and wishes him continued success. In connection with Mr. Hartmeier's resignation, the Board reduced the size of the Board from eight to seven directors. Prior to his resignation, Mr. Hartmeier served as the Chairperson of the Nominating and Corporate Governance Committee (the "Nominating Committee") and as a member of the Compensation Committee. The Board appointed Lynn Handler as the new Chairperson of the Nominating Committee, and each of the Nominating Committee and the Compensation Committee have been reduced from four members to three members.
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. Full House Resorts, Inc. Date: June 12, 2024 /s/ Lewis A. Fanger Lewis A. Fanger, Senior Vice President, Chief Financial Officer & Treasurer