Golden Entertainment CEO/Chairman Changes, CFO Departs
Ticker: GDEN · Form: 8-K · Filed: Mar 25, 2024 · CIK: 1071255
Sentiment: neutral
Topics: leadership-change, executive-appointment, executive-departure
Related Tickers: GDEN
TL;DR
Sartini is CEO & Chairman, Weidman out as CFO, Massaro in. Big leadership shakeup at Golden Ent.
AI Summary
Golden Entertainment, Inc. announced on March 20, 2024, the appointment of Blake L. Sartini as Chief Executive Officer and Chairman of the Board, effective immediately. He previously served as CEO and Chairman. The company also announced the departure of Charles L. Weidman as Chief Financial Officer, effective March 20, 2024. Joseph M. Massaro has been appointed as the new CFO.
Why It Matters
This filing indicates a significant leadership transition within Golden Entertainment, with the CEO taking on an expanded role and a new CFO being appointed, which could signal strategic shifts for the company.
Risk Assessment
Risk Level: medium — Leadership changes, especially involving the CFO, can introduce uncertainty and impact strategic execution.
Key Players & Entities
- Golden Entertainment, Inc. (company) — Registrant
- Blake L. Sartini (person) — Appointed CEO and Chairman of the Board
- Charles L. Weidman (person) — Departing Chief Financial Officer
- Joseph M. Massaro (person) — Appointed Chief Financial Officer
- March 20, 2024 (date) — Effective date of appointments and departure
FAQ
Who has been appointed as the new Chief Financial Officer of Golden Entertainment, Inc.?
Joseph M. Massaro has been appointed as the new Chief Financial Officer.
When did the leadership changes at Golden Entertainment, Inc. become effective?
The changes became effective on March 20, 2024.
Who is the new Chairman of the Board at Golden Entertainment, Inc.?
Blake L. Sartini has been appointed as the Chairman of the Board.
Who has departed from their role as Chief Financial Officer?
Charles L. Weidman has departed from his role as Chief Financial Officer.
What was Blake L. Sartini's previous role before becoming CEO and Chairman?
Blake L. Sartini previously served as CEO and Chairman.
Filing Stats: 1,303 words · 5 min read · ~4 pages · Grade level 12 · Accepted 2024-03-25 08:31:05
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value GDEN The Nasdaq Stock Market
- $550,000 — t provides for an annual base salary of $550,000 and an annual target bonus opportunity
- $580,000 — t provides for an annual base salary of $580,000 and a target bonus opportunity of 90% o
Filing Documents
- gden-20240320.htm (8-K) — 35KB
- a32524pressrelease.htm (EX-99.1) — 9KB
- image_1a.jpg (GRAPHIC) — 19KB
- 0001071255-24-000034.txt ( ) — 196KB
- gden-20240320.xsd (EX-101.SCH) — 2KB
- gden-20240320_lab.xml (EX-101.LAB) — 21KB
- gden-20240320_pre.xml (EX-101.PRE) — 12KB
- gden-20240320_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On March 25, 2024, the Company issued a press release announcing the executive leadership changes. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. In accordance with General Instruction B.2. of Form 8-K, the information in this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or the Exchange Act, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release dated March 25, 2024 . 104 The cover page of this Current Report on Form 8-K, formatted in Inline XBRL.
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. GOLDEN ENTERTAINMENT, INC. ( Registrant ) Dated: March 25, 2024 /s/ Charles H. Protell Name: Charles H. Protell Title: President and Chief Financial Officer