(Address
of Principal Executive Offices and Zip Code)
________________________
(i401) i475-8474
(Registrant’s telephone number, including area code)
Not Applicable
(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:
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 Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
iCommon
stock, $0.01 par value
iBALY
iNew 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 i☒
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. i☒
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 23, 2021, Bally’s Corporation (the “Company”) and Stephen H. Capp entered into an amendment to Mr. Capp’s employment contract reflecting the new terms of his employment (the “Amendment”). Pursuant to the Amendment, effective as of February 23, 2021, Mr. Capp will continue serving as Executive Vice President and Chief Financial Officer for the Company through
December 31, 2022 (the “initial period”) subject to additional one year extensions. During the initial period, Mr. Capp’s annual compensation will consist of $825,000, a potential target bonus of 100% of base salary, an equity award of 38,022 shares of the Company’s common stock consisting of (1) 12,398 shares, half in time-vested restricted stock and half in performance shares, vesting on December 31, 2021, and (2) 25,624 shares, half in time-vested restricted stock and half in performance shares, vesting on December 31, 2022 and a continuation of current benefits.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits
Exhibit No.
Description
104
Cover Page Interactive Data File (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.
