Caesars Entertainment Announces Board and Executive Compensation Changes

Ticker: CZR · Form: 8-K · Filed: 2024-10-21T00:00:00.000Z

Sentiment: neutral

Topics: governance, executive-compensation, board-of-directors

Related Tickers: CZR

TL;DR

Caesars (CZR) filed an 8-K for board changes and exec comp updates. Keep an eye on governance.

AI Summary

On October 21, 2024, Caesars Entertainment, Inc. filed an 8-K detailing changes in its board of directors and executive compensation. The filing includes the election of new directors and updates to compensatory arrangements for certain officers, though specific names and dollar amounts for these arrangements are not detailed in this initial summary.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance expectations.

Risk Assessment

Risk Level: low — This filing primarily concerns corporate governance and executive appointments, which typically carry a low immediate risk to the company's operations or financial standing.

Key Numbers

Key Players & Entities

FAQ

What specific changes were made to the board of directors?

The filing indicates the election of directors, but the specific names and details of their election are not provided in the initial summary of the 8-K.

Are there any new executive appointments mentioned?

The filing notes the appointment of certain officers as part of the Item 5.02 disclosure, but specific names are not detailed in the provided text.

What is the nature of the updates to compensatory arrangements?

The 8-K mentions updates to compensatory arrangements of certain officers, but the specifics of these arrangements are not elaborated upon in the provided summary.

When was the report filed and what is the date of the earliest event reported?

The report was filed on October 21, 2024, and the date of the earliest event reported is also October 21, 2024.

What is the company's principal executive office address?

The company's principal executive offices are located at 100 West Liberty Street, 12th Floor, Reno, Nevada 89501.

From the Filing

0001590895-24-000131.txt : 20241021 0001590895-24-000131.hdr.sgml : 20241021 20241021172725 ACCESSION NUMBER: 0001590895-24-000131 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20241021 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241021 DATE AS OF CHANGE: 20241021 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: 241384243 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-20241021.htm 8-K czr-20241021 false 0001590895 0001590895 2024-10-21 2024-10-21 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   October 21, 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 October 21, 2024, Rodney Williams informed the Executive Chairman of the Board of Directors (the “Board”) of Caesars Entertainment, Inc., a Delaware corporation (the “Company”), that he is resigning from the Board effective immediately. Mr. Williams’s resignation was not the result of any disagreement with the Company on any matte

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