Caesars Entertainment Reports Officer/Director Changes, Comp Arrangements

Ticker: CZR · Form: 8-K · Filed: 2024-01-30T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, executive-changes, compensation

TL;DR

**CZR just reported executive changes and compensation updates, keep an eye on leadership shifts.**

AI Summary

Caesars Entertainment, Inc. (CZR) filed an 8-K on January 29, 2024, reporting an event that occurred on January 26, 2024, related to the departure or election of directors/officers and their compensation. This filing indicates changes in leadership or executive compensation structures, which can impact the company's strategic direction and financial performance. For investors, understanding these changes is crucial as they can signal shifts in corporate governance or future operational strategies, potentially affecting stock valuation.

Why It Matters

Changes in executive leadership or compensation can signal strategic shifts or impact investor confidence, directly influencing the company's future performance and stock price.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of corporate governance changes, not indicating immediate financial distress or major operational risks.

Analyst Insight

Investors should monitor subsequent filings or company announcements for specific details regarding the personnel changes and compensation arrangements, as these could influence future company strategy and performance.

Key Players & Entities

FAQ

What is the specific item number under which Caesars Entertainment, Inc. filed this 8-K?

The filing indicates 'ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers', which corresponds to Item 5.02 of Form 8-K, although the specific item number is not explicitly stated in the provided text, the description matches Item 5.02.

What is the exact name of the registrant as specified in its charter?

The exact name of the registrant as specified in its charter is "CAESARS ENTERTAINMENT, INC."

What is the trading symbol and the exchange on which Caesars Entertainment, Inc.'s common stock is registered?

The trading symbol for Caesars Entertainment, Inc.'s common stock is CZR, and it is registered on the NASDAQ Stock Market.

What is the business address and phone number of Caesars Entertainment, Inc.?

The business address is 100 West Liberty Street, 12th Floor, Reno, Nevada 89501, and the business phone number is (775) 328-0100.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 26, 2024.

From the Filing

0001590895-24-000004.txt : 20240130 0001590895-24-000004.hdr.sgml : 20240130 20240129183215 ACCESSION NUMBER: 0001590895-24-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240126 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240130 DATE AS OF CHANGE: 20240129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Caesars Entertainment, Inc. CENTRAL INDEX KEY: 0001590895 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 463657681 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36629 FILM NUMBER: 24575294 BUSINESS ADDRESS: STREET 1: 100 WEST LIBERTY STREET, 12TH FLOOR CITY: RENO STATE: NV ZIP: 89501 BUSINESS PHONE: 775-328-0100 MAIL ADDRESS: STREET 1: 100 WEST LIBERTY STREET, 12TH FLOOR CITY: RENO STATE: NV ZIP: 89501 FORMER COMPANY: FORMER CONFORMED NAME: Eldorado Resorts, Inc. DATE OF NAME CHANGE: 20140919 FORMER COMPANY: FORMER CONFORMED NAME: Eclair Holdings Co DATE OF NAME CHANGE: 20131104 8-K 1 czr-20240126.htm 8-K czr-20240126 false 0001590895 0001590895 2024-01-26 2024-01-26 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   January 29, 2024 ( January 26, 2024 ) Date of Report (Date of earliest event reported)   CAESARS ENTERTAINMENT, INC. (Exact name of registrant as specified in its charter)   Delaware 001-36629 46-3657681 (State of Incorporation) (Commission File Number) (IRS Employer Identification Number) 100 West Liberty Street, 12th Floor , Reno , Nevada 89501 (Address of principal executive offices, including zip code)  (775)   328-0100 (Registrant’s telephone number, including area code) N/A (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.00001 par value CZR NASDAQ Stock Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company   ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐ Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 26, 2024, Caesars Enterprise Services, LLC, a Delaware limited liability company (the “Company”), extended the term of employment for Chief Executive Officer Tom Reeg and the members of his executive team through January 1, 2027, with automatic one-year renewals thereafter. The extension was implemented via an amendment

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