Bally's Corp Files Definitive Proxy Statement (DEF 14A)

TL;DR

<b>Bally's Corp has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

Bally's Corp (BALY) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. Bally's Corp filed a Definitive Proxy Statement (DEF 14A) on April 5, 2024. The filing covers the fiscal year ending December 31, 2023. The company was formerly known as Twin River Worldwide Holdings, Inc. The filing includes details on equity awards granted and vested for PEO and Non-PEO members. The company's principal executive offices are located at 100 Westminster Street, Providence, RI.

Why It Matters

For investors and stakeholders tracking Bally's Corp, this filing contains several important signals. This filing provides shareholders with crucial information regarding executive compensation, board nominations, and other corporate governance matters, enabling informed voting decisions. As a DEF 14A filing, it details the company's financial performance and strategic direction, offering insights into its operational status and future outlook.

Risk Assessment

Risk Level: low — Bally's Corp shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate disclosure rather than an event-driven situation.

Analyst Insight

Review the executive compensation details and any proposed shareholder resolutions to understand potential impacts on corporate governance and strategy.

Key Numbers

• 2023-12-31 — Fiscal Year End (Period of report)
• 2024-04-05 — Filing Date (Date of filing)
• 2020-11-05 — Date of Name Change (Former company name change)

Key Players & Entities

• Bally's Corp (company) — Filer
• Twin River Worldwide Holdings, Inc. (company) — Former company name
• Robeson Reeves (person) — Member associated with equity awards
• Lee Fenton (person) — Member associated with equity awards
• George Papanier (person) — Member associated with equity awards

FAQ

Industry Context

Bally's Corp operates in the Hotels & Motels industry (SIC 7011), which involves providing lodging and related services.

Regulatory Implications

As a publicly traded company, Bally's Corp is subject to SEC regulations and disclosure requirements, including the filing of proxy statements.

What Investors Should Do

1. Analyze executive compensation packages and stock award details.
2. Review any proposed shareholder resolutions for potential impact on company strategy.
3. Note the company's former name and history of name changes.

Key Dates

• 2024-04-05: Filing Date — Definitive Proxy Statement filed
• 2023-12-31: Fiscal Year End — Reporting period covered

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document for public companies, providing information on corporate governance and executive compensation for the fiscal year 2023.

Key Financial Figures

• $10 — d Director of Brightstar Corporation, a $10+ billion SoftBank global wireless devic

Filing Documents

• baly-20240405.htm (DEF 14A) — 821KB
• baly-20240405_g1.jpg (GRAPHIC) — 233KB
• baly-20240405_g2.jpg (GRAPHIC) — 11KB
• baly-20240405_g3.jpg (GRAPHIC) — 113KB
• baly-20240405_g4.jpg (GRAPHIC) — 105KB
• baly-20240405_g5.jpg (GRAPHIC) — 109KB
• baly-20240405_g6.jpg (GRAPHIC) — 789KB
• baly-20240405_g7.jpg (GRAPHIC) — 343KB
• 0001747079-24-000037.txt (&nbsp;) — 5565KB
• baly-20240405.xsd (EX-101.SCH) — 4KB
• baly-20240405_def.xml (EX-101.DEF) — 6KB
• baly-20240405_lab.xml (EX-101.LAB) — 8KB
• baly-20240405_pre.xml (EX-101.PRE) — 5KB
• baly-20240405_htm.xml (XML) — 157KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 18 202 3 SUMMARY COMPENSATION TABLE 29 202 3 GRANTS OF PLAN-BASED AWARDS TABLE 30 OUTSTANDING EQUITY AWARDS AT 202 3 FISCAL YEAR-END TABLE 31 202 3 OPTION EXERCISES AND STOCK VESTED TABLE 32 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL TABLE 36 EQUITY PLAN INFORMATION 38 CEO PAY RATIO 38 P AY VERSUS PERFORMANCE 40 PROPOSAL 2: RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 44 PROPOSAL 3: APPROVAL, ON A NON-BINDING ADVISORY BASIS, OF THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS 46 PROPOSAL 4: SHAREHOLDER PROPOSAL REGARDING A REPORT ON THE ADOPTION OF A SMOKEFREE POLICY 47 REPORT OF THE AUDIT COMMITTEE 49 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 50 PROPOSALS OF SHAREHOLDERS 50 OTHER MATTERS 51 BALLY'S CORPORATION 100 Westminster Street Providence, Rhode Island 02903 PROXY STATEMENT Annual Meeting of Shareholders to be held virtually on May 16, 2024 This proxy statement is furnished in connection with the solicitation of proxies by the Board of Directors (the "Board") of Bally's Corporation for the Annual Meeting of shareholders to be held virtually on May 16, 2024 at 2:00 p.m., Eastern Time. Shareholders of record as of the close of business on March 20, 2024 can attend the Annual Meeting online, including to vote and/or to submit questions at www.virtualshareholdermeeting.com/BALY2024. As used in this proxy statement, references to the "Company," "Bally's," "we," "our" or "us" mean Bally's Corporation and all entities included in our consolidated financial statements. On or about April 5, 2024, the proxy materials for the Annual Meeting, including this proxy statement and our 2023 annual report to shareholders, were first sent to shareholders of record as of the close of business on March 20, 2024, and are available over the internet at www.proxyvote.com. GENERAL INFORMATION ABOUT THE ANNUAL MEETING AND VOTING You are b