Bally's Corporation filed SEC Form 8-K: Leadership Update, Other Events, Financial Statements and Exhibits
$BALY
Hotels/Resorts
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 5, 2025
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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.
On March 5, 2025, Bally’s Corporation (“Bally’s”) appointed Marcus Glover as Executive Vice President, Global Operations at Bally’s effective as of March 5, 2025.
On March 5, 2025, Bally’s appointed Mira Mircheva, age 46, as Bally’s Executive Vice President and Chief Financial Officer, subject to receipt of customary regulatory approvals. Ms. Mircheva served as Chief Financial Officer of The Queen Casino & Entertainment since 2023. Prior to that, she was Partner & Research Analyst at Standard General. She joined Standard General in 2015. Ms. Mircheva was previously a Senior Research Analyst at Perella Weinberg Partners Asset Management from 2009 until 2015. Before that, Ms. Mircheva worked as a Vice President in credit principal investing at Goldman Sachs. She joined the Goldman Sachs Investment Banking Division as an analyst in 2001. She is currently a member of the Board of Directors of White Energy and Intralot S.A. Ms. Mircheva holds a B.A. in Economics from Colgate University.
Ms. Mircheva has entered into an employment agreement with Bally’s under which Ms. Mircheva’s annual compensation will consist of a base salary of $550,000, which will be adjusted annually, and a potential target bonus of 100% of base salary. Upon appointment, Ms. Mircheva 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. Ms. Mircheva’ s employment agreement is attached as Exhibit 10.1 hereto and is incorporated herein by reference.
Item 8.01 Other Events
On March 11, 2025, Bally’s published a press release announcing Ms. Mircheva’s appointment as Executive Vice President and Chief Financial Officer and Marcus Glover’s appointment as Executive Vice President, Global Operations. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are filed with this Current Report on Form 8-K:
| Exhibit No. | Description | |||||||
| 10.1 | ||||||||
| 99.1 | ||||||||
| 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/ Kim M. Barker | |||||||
| Name: | Kim M. Barker | |||||||
| Title: | Chief Legal Officer | |||||||
Date: March 11, 2025