Caesars Entertainment Announces Material Agreement & Officer Changes

Ticker: CZR · Form: 8-K · Filed: 2025-03-20T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, officer-changes, bylaws-amendment

Related Tickers: CZR

TL;DR

Caesars inked a big deal, swapped some execs, and changed bylaws. Big moves ahead.

AI Summary

On March 19, 2025, Caesars Entertainment, Inc. announced a material definitive agreement related to its operations. The company also reported changes in its board of directors and certain officers, along with updates to compensatory arrangements for its executives. Additionally, there were amendments to its articles of incorporation or bylaws and a change in its fiscal year.

Why It Matters

This filing indicates significant corporate actions at Caesars Entertainment, including a new material agreement and changes in leadership and governance, which could impact its strategic direction and financial performance.

Risk Assessment

Risk Level: medium — The filing details material definitive agreements and changes in officers and bylaws, which can introduce operational and strategic risks.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Caesars Entertainment?

The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.

What specific changes were made to the board of directors or officers?

The filing mentions the departure of directors or certain officers, election of directors, and appointment of certain officers, but does not name the individuals involved or the specific roles affected.

Are there any changes to Caesars Entertainment's fiscal year?

Yes, the filing indicates a change in the fiscal year for Caesars Entertainment.

What is the effective date of the reported changes?

The earliest event reported is dated March 17, 2025, with the report filed as of March 20, 2025.

What is the state of incorporation for Caesars Entertainment?

Caesars Entertainment, Inc. is incorporated in Delaware.

From the Filing

0001590895-25-000104.txt : 20250320 0001590895-25-000104.hdr.sgml : 20250320 20250319192050 ACCESSION NUMBER: 0001590895-25-000104 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20250319 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250320 DATE AS OF CHANGE: 20250319 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: 25754136 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-20250319.htm 8-K czr-20250319 false 0001590895 12/31 0001590895 2025-03-19 2025-03-19 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   March 19, 2025 (March 17, 2025) 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 1.01    Entry into a Material Definitive Agreement. On March 17, 2025, Caesars Entertainment, Inc. (the “Company”) entered into a Director Appointment and Nomination Agreement (the “Agreement”) with Carl C. Icahn, Jesse Lynn, Ted

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