PENN Entertainment Appoints New SVP, Chief Accounting Officer

TL;DR

PENN names Todd George as new CAO, starting March 25th with $325k salary + stock.

AI Summary

PENN Entertainment, Inc. announced on March 20, 2024, the appointment of Todd George as Senior Vice President, Chief Accounting Officer, and Corporate Controller, effective March 25, 2024. George will receive an annual base salary of $325,000 and will be eligible for an annual cash incentive award. He will also receive a restricted stock unit award valued at $150,000.

Why It Matters

This appointment signals a key leadership change in financial oversight for PENN Entertainment, impacting financial reporting and internal controls.

Risk Assessment

Risk Level: low — The filing details a routine executive appointment and compensation, posing no immediate significant risk to the company.

Key Numbers

• $325,000 — Annual Base Salary (For new SVP, Chief Accounting Officer Todd George.)
• $150,000 — Restricted Stock Unit Award (Initial award value for Todd George.)

Key Players & Entities

• PENN Entertainment, Inc. (company) — Registrant
• Todd George (person) — Appointed Senior Vice President, Chief Accounting Officer, and Corporate Controller
• $325,000 (dollar_amount) — Todd George's annual base salary
• $150,000 (dollar_amount) — Value of restricted stock unit award for Todd George
• March 25, 2024 (date) — Effective date of Todd George's appointment

FAQ

From the Filing

0001104659-24-037307.txt : 20240321 0001104659-24-037307.hdr.sgml : 20240321 20240321161850 ACCESSION NUMBER: 0001104659-24-037307 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240320 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240321 DATE AS OF CHANGE: 20240321 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PENN Entertainment, Inc. CENTRAL INDEX KEY: 0000921738 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 232234473 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24206 FILM NUMBER: 24771624 BUSINESS ADDRESS: STREET 1: 825 BERKSHIRE BLVD STE 200 STREET 2: WYOMISSING PROFESSIONAL CENTER CITY: WYOMISSING STATE: PA ZIP: 19610 BUSINESS PHONE: 6103732400 MAIL ADDRESS: STREET 1: 825 BERKSHIRE BLVD STREET 2: SUITE 200 CITY: WYOMISSING STATE: PA ZIP: 19610 FORMER COMPANY: FORMER CONFORMED NAME: PENN NATIONAL GAMING INC DATE OF NAME CHANGE: 19940415 8-K 1 tm249457d1_8k.htm FORM 8-K false 0000921738 0000921738 2024-03-20 2024-03-20 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549         FORM  8-K       CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934   Date of report (Date of earliest event reported): March 20, 2024       PENN Entertainment, Inc. (Exact Name of Registrant as Specified in Charter)       Pennsylvania   0-24206   23-2234473 (State or Other Jurisdiction of Incorporation)     (Commission File Number)    (I.R.S. Employer Identification No.)   825 Berkshire Blvd. , Suite 200 Wyomissing , PA 19610 (Address of Principal Executive Offices, and Zip Code)   610 - 373-2400 Registrant’s Telephone Number, Including Area Code       (Former name, former address and former fiscal year, 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ¨ Pre-commencement communication 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, $0.01 par value per share PENN The Nasdaq Stock Market LLC   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 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 D