Item 2.02 Results of Operations and Financial Condition.
OnMay 9, 2022 , Bally's Corporation ("Bally's") published a press release to report its financial results for the first quarter endedMarch 31, 2023 . The press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference. The information contained in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and will not be deemed "filed" for any purpose, including for the 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 will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or under the Exchange Act, except as otherwise expressly stated in such filing.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
OnMay 5, 2023 ,Robert Lavan resigned as Executive Vice President and Chief Financial Officer of Bally's Corporation. Following his departure,Mr. Lavan will be available to management, as needed, to ensure a seamless transition. The separation was not the result of any disagreement with Bally's. OnMay 5, 2023 , Bally's appointedMarcus Glover , age 48, as Bally's Executive Vice President and Chief Financial Officer.Mr. Glover is a senior executive in the hospitality and gaming industry with more than 20 years of experience. Most recently,Mr. Glover served as Chief Strategy Officer forQPSI LLC , a supply chain solutions and contract packaging company, where he was responsible for developing and executing the business's growth strategy. Prior to that,Mr. Glover served as President and Chief Operating Officer of theBorgata Hotel ,Casino & Spa , and President and Chief Operating Officer of theBeau Rivage Resort & Casino .Mr. Glover was also a senior executive with Caesars Entertainment in various positions, including Senior Vice President & General Manager for theHorseshoe Casino and Thistledown Racino, Assistant General Manager at Harrah's/Caesars Entertainment inSt. Louis, Missouri , and Vice President of Operations at Harrah's/Caesars Entertainment inBiloxi, Mississippi .Mr. Glover holds an M.B.A. fromThe Duke University Fuqua School of Business and received a B.A. in Business Administration, Finance fromMorehouse College .Mr. Glover has entered into an employment agreement with Bally's under whichMr. Glover's annual compensation will consist of a base salary of$625,000 , which will be adjusted annually, and a potential target bonus of 100% of base salary. Upon appointment,Mr. Glover will be eligible to receive future equity grants in form and amounts to be determined by the compensation committee of Bally's board of directors.Mr. Glover's employment agreement is attached as Exhibit 10.1.
Item 8.01 Other Events.
OnMay 9, 2023 , Bally's published a press release announcingMr. Glover's appointment as Executive Vice President and Chief Financial Officer andJaymin B. Patel's appointment as Vice Chair of the Board of Directors (the "Board") and Chair of the Board's newly created Operational Integration Committee. A copy of the press release is attached as Exhibit 99.2 hereto and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description Employment Agreement, dated May 8 , 2023, by and between 10.1 Bally ' s Corporation and Marcus Glover 99.1 Press Release of Bally's Corporation dated May 9, 2023 Press Release of Bally's Corporation Related to CFO Appointment, Vice Chair 99.2 Appointment and Operational Integration Committee dated May 9, 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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