Caesars Entertainment, Inc 8-K, filed Oct 22, 2021
Caesars Entertainment, Inc. (CZR)
About this 8-K
Caesars Entertainment, Inc filed this 8-K on October 22, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(d) On October 22, 2021, Caesars Entertainment, Inc., a Delaware corporation (the “Company”), announced the appointment of Sandra Douglass Morgan to its Board of Directors (the “Board”), effective November 7, 2021.
As a non-management member of the Board, Ms. Morgan will receive the compensation paid to non-management directors for service on the Board and its committees.
There are no arrangements or understandings between Ms. Morgan and any other persons pursuant to which she was selected as a director, she has no family relationships with any of the Company’s directors or executive officers, and she has no direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K.
| Item 7.01 | Regulation FD Disclosure |
On October 22, 2021, the Company published a press release announcing Ms. Morgan’s appointment to the Board. A copy of that press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information furnished with this Item 7.01, including Exhibit 99.1, shall not be deemed “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, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
| Item 9.01 | Financial Statements and Exhibits |
| (d) | Exhibits |
| Exhibit |
Description | |
| 99.1 | Press release dated October 22, 2021 | |
| 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.
| Date: October 22, 2021 | CAESARS ENTERTAINMENT, INC. | |||||
| By: | /s/ Edmund L. Quatmann, Jr. | |||||
| Executive Vice President, Chief Legal Officer and Secretary | ||||||
Exhibit 99.1
Caesars Entertainment, Inc. Appoints
Sandra Douglass Morgan to Board of Directors
LAS VEGAS and RENO, Nev. (October 22, 2021) – Caesars Entertainment, Inc. (NASDAQ: CZR) today announced the appointment of Sandra Douglass Morgan to its Board of Directors, effective November 7, 2021, and subject to required regulatory approvals. Morgan, an attorney, is the past chairwoman of the Nevada Gaming Control board and the first African American to serve as chair.
“We are delighted to add Sandra Douglass Morgan to the Caesars Entertainment leadership team,” said Gary Carano, Executive Chairman of the Board, Caesars Entertainment. “Sandra is rooted in the gaming industry in a way few others could be. Her experience as chair of the Nevada Gaming Control Board and as a member of the Nevada Gaming Commission gives her a deep understanding of our industry. Her leadership as an attorney for gaming corporations and government entities adds another lens through which she has developed a unique perspective which will help our company continue to move forward as the gaming landscape evolves and grows.”
Morgan was appointed chairwoman and executive director of the Nevada Gaming Control board in January of 2019 after serving on the Nevada Gaming Commission. In her role as chair of Nevada gaming’s regulatory agency, Morgan implemented sweeping changes, including ensuring licensees adopted and implemented policies against discrimination and paving the way for cashless wagering at machines and table games, as well as steering the industry through the start of the COVID-19 pandemic.
“Sandra is a proven leader, team builder, and passionate advocate for always doing the right thing,” said Tom Reeg, CEO of Caesars Entertainment. “I’m pleased to add her independent voice to our strong board of directors. I look forward to working with her, the rest of our board, and the management team to continue to drive results for our guests, our Team Members, and our shareholders.”
Before becoming chair of the Nevada Gaming Control Board, Morgan served as Director of External Affairs for AT&T Services, Inc., responsible for managing AT&T’s government and community affairs in Nevada. She previously served as the City Attorney for the City of North Las Vegas and was the first African-American City Attorney in Nevada. She began her career as a litigation attorney in the gaming industry.
Morgan currently serves as a board member of the following publicly traded companies: Fidelity National Financial (Nasdaq: FNF), Allegiant Travel Company (Nasdaq: ALGT), and Cerberus Cyber Sentinel Corp (OTC: CISO).
With the addition of Morgan, Caesars Entertainment’s Board of Directors will grow to 10 members.
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About Caesars Entertainment, Inc.
Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino-entertainment company in the US and one of the world’s most diversified casino-entertainment providers. Since its beginning in Reno, NV, in 1937, Caesars Entertainment, Inc. has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment, Inc.’s resorts operate primarily under the Caesars®, Harrah’s®, Horseshoe®, and Eldorado® brand names. Caesars Entertainment, Inc. offers diversified gaming, entertainment and hospitality amenities, one-of-a-kind destinations, and a full suite of mobile and online gaming and sports betting experiences. All tied to its industry-leading Caesars Rewards loyalty program, the company focuses on building value with its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. Know When To Stop Before You Start®. Gambling Problem? Call 1-800-522-4700. For more information, please visit. www.caesars.com/corporate.