0001747079false00017470792021-01-202021-01-20


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): January 20, 2021
________________________
Bally's Corporation
(Exact name of registrant as specified in its charter)

Delaware
001-38850
20-0904604
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)

100 Westminster Street
Providence RI 02903
(Address of Principal Executive Offices and Zip Code)
________________________
(401) 475-8474
(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:
☐    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 Name of each exchange on which registered
Common stock, $0.01 par value BALY 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 January 20, 2021, Bally’s Corporation (the “Company”) and George Papanier entered into an amendment to Mr. Papanier’s employment contract reflecting the new terms of his employment (the “Amendment”). Pursuant to the Amendment, effective as of January 16, 2021, Mr. Papanier will continue serving as President and Chief Executive Officer for the Company through December 31, 2023 (the “initial period”) subject to additional one year extensions. During the initial period, Mr. Papanier’s annual compensation will consist of $950,000, a potential target bonus of 100% of base salary, an equity award of 114,482 shares of the Company’s common stock consisting of 50% Restricted Stock Units and 50% Performance Stock Units under the Company’s 2015 Stock Incentive Plan, 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.
BALLY'S CORPORATION
By: /s/ Stephen H. Capp
Name: Stephen H. Capp
Title: Executive Vice President and
Chief Financial Officer

Date: January 22, 2021



Ballys (NYSE:BALY)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Ballys Charts.
Ballys (NYSE:BALY)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Ballys Charts.