Accel Entertainment Announces Board and Executive Changes

Ticker: ACEL · Form: 8-K · Filed: 2025-04-11T00:00:00.000Z

Sentiment: neutral

Topics: board-changes, executive-compensation, governance

TL;DR

Accel Entertainment reshuffled its board and exec pay structure effective April 10, 2025.

AI Summary

Accel Entertainment, Inc. announced on April 10, 2025, changes in its board of directors and executive compensation arrangements. Specifically, the company elected new directors and appointed certain officers, alongside adjustments to their compensatory arrangements. These changes are effective as of April 10, 2025.

Why It Matters

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

Risk Assessment

Risk Level: medium — Changes in leadership and compensation can introduce uncertainty regarding future strategy and execution.

Key Players & Entities

FAQ

What specific changes were made to the board of directors?

The filing indicates the election of directors and appointment of certain officers, but does not detail the specific individuals or the exact nature of the changes in this excerpt.

What are the key details of the compensatory arrangements for the newly appointed officers?

The filing states that compensatory arrangements for certain officers are being adjusted, but the specific details of these arrangements are not provided in this excerpt.

When were these changes effective?

The changes reported in this Form 8-K were effective as of April 10, 2025.

What is the primary reason for this 8-K filing?

This 8-K filing is to report on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers.

What was Accel Entertainment's former company name?

Accel Entertainment, Inc. was formerly known as TPG Pace Holdings Corp.

From the Filing

0001628280-25-017516.txt : 20250411 0001628280-25-017516.hdr.sgml : 20250411 20250411162430 ACCESSION NUMBER: 0001628280-25-017516 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250410 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250411 DATE AS OF CHANGE: 20250411 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Accel Entertainment, Inc. CENTRAL INDEX KEY: 0001698991 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] ORGANIZATION NAME: 07 Trade & Services EIN: 981350261 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38136 FILM NUMBER: 25832393 BUSINESS ADDRESS: STREET 1: 140 TOWER DRIVE CITY: BURR RIDGE STATE: IL ZIP: 60527 BUSINESS PHONE: 630-972-2235 MAIL ADDRESS: STREET 1: 140 TOWER DRIVE CITY: BURR RIDGE STATE: IL ZIP: 60527 FORMER COMPANY: FORMER CONFORMED NAME: TPG Pace Holdings Corp. DATE OF NAME CHANGE: 20170224 8-K 1 acel-20250410.htm 8-K acel-20250410 0001698991 false 0001698991 2024-05-08 2024-05-08 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 Date of Report (Date of earliest event reported): April 10, 2025 ACCEL ENTERTAINMENT, INC. (Exact name of registrant as specified in its charter)     Delaware 001-38136 98-1350261 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 140 Tower Drive Burr Ridge , Illinois 60527 (Address of principal executive offices) (Zip Code) ( 630 ) 972-2235 (Registrant’s telephone number, including area code) (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 Class A-1 common stock, par value $0.0001 per share ACEL New York Stock Exchange 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 April 10, 2025, Eden Godsoe, a Class 3 director on the Board of Directors (the “Board”) of Accel Entertainment, Inc. (the "Company"), informed the Company that she will not stand for reelection at the Company’s upcoming 2025 Annual Meeting of Stockholders (the “Annual Meeting”). Ms. Godsoe’s decision not to stand for reelection was not due to any disagreement with the Company on any matter relating to its operations, policies, or practices. The Company thanks Ms. Godsoe for her service and contributions to the Board. In addition, on April

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