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Scientific Games Corp – ‘8-K’ for 3/24/20

On:  Monday, 3/30/20, at 5:21pm ET   ·   For:  3/24/20   ·   Accession #:  950157-20-450   ·   File #:  1-11693

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/30/20  Scientific Games Corp             8-K:5,7,9   3/24/20   11:183K                                   Cravath Swaine & … 01/FA

Current Report   —   Form 8-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     27K 
 2: EX-99.1     Press Release                                       HTML     13K 
 9: R1          Document and Entity Information                     HTML     47K 
10: XML         IDEA XML File -- Filing Summary                      XML     11K 
 7: XML         XBRL Instance -- form8-k_htm                         XML     15K 
11: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 4: EX-101.LAB  XBRL Labels -- sgms-20200324_lab                     XML     63K 
 5: EX-101.PRE  XBRL Presentations -- sgms-20200324_pre              XML     46K 
 3: EX-101.SCH  XBRL Schema -- sgms-20200324                         XSD     15K 
 6: JSON        XBRL Instance as JSON Data -- MetaLinks               13±    20K 
 8: ZIP         XBRL Zipped Folder -- 0000950157-20-000450-xbrl      Zip     13K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 iX: 
 i false i 000075000400007500042020-03-242020-03-24


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM  i 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):  i March 24, 2020

 i SCIENTIFIC GAMES CORPORATION
(Exact name of registrant as specified in its charter)

 i Nevada
 
 i 81-0422894
(State or other jurisdiction of incorporation)
 
(IRS Employer
   
Identification No.)
 i 001-11693
(Commission File Number)

 i 6601 Bermuda Road,  i Las Vegas,  i NV  i 89119
(Address of registrant’s principal executive office)

( i 702)  i 897-7150
(Registrant’s telephone number, including area code)

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:

 i           Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 i           Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 i           Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 i           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 Exchange Act:

Title of each class
Trading symbol(s)
Name of each exchange on which registered
 i Common Stock, $.001 par value
 i SGMS
 i The NASDAQ Stock Market
Preferred Stock Purchase Rights
 
The 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).
 i           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 March 24, 2020, Scientific Games Corporation (the “Company”) entered into an amendment to its employment agreements (the “Amendments”) with each of Barry L. Cottle, President and Chief Executive Officer, and Michael A. Quartieri, Executive Vice President, Chief Financial Officer, Treasurer and Corporate Secretary (the “Executives”). The Amendments provide (i) for a voluntary decrease in base salary of 100% for Mr. Cottle and 50% for Mr. Quartieri, in each case, effective April 5, 2020 through June 30, 2020 (the “Base Salary Reductions”), and (ii) that such Base Salary Reductions do not constitute “Good Reason,” as such phrase is defined in each Executive’s employment agreement.
 
Item 7.01.   Regulation FD Disclosure.
 
On March 30, 2020, the Company issued a press release disclosing the Company’s response to the global COVID-19 outbreak.  A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information contained in this Item 7.01 as well as in Exhibit 99.1 is furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and such information shall not be deemed to be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act.

Item 9.01.  Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.
 
 
Description
 
99.1
  Press Release of the Company, dated March 30, 2020.
     
104
 
Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.
     



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
SCIENTIFIC GAMES CORPORATION
   
By:
   
Name:
   
Title:
Executive Vice President, Chief Financial Officer, Treasurer
and Corporate Secretary


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
6/30/2010-Q,  8-K
4/5/20
Filed on:3/30/20
For Period end:3/24/20
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Filing Submission 0000950157-20-000450   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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