{"schema_version":"secwatch.filing_event.v1","accession":"0000891482-25-000036","form_type":"8-K","ticker":"FLL","cik":"0000891482","company_name":"FULL HOUSE RESORTS INC","filed_at":"2025-06-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.691530+00:00","generated_at":"2026-05-19T05:46:55.906318+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Full House Resorts enters new CEO employment agreement with Daniel Lee through 2030","bullets":["Base salary $700,000/year; annual bonus target 100% of base (up to 175%) based on Adjusted EBITDA targets ($50M threshold, $65M target, $80M ceiling for 2025).","Milestone bonuses: $300,000 each for refinancing principal debt by Mar 2027 and for relocating Rising Star Casino license in Indiana.","Long-term incentive grants equal 100% of base salary annually; restricted stock vests on 3-year compound growth: 10% Adjusted EBITDA and 12% Free Cash Flow Per Share targets for 2025.","Severance: if terminated without cause (or for good reason), one year base salary plus target bonus; change in control yields two years base plus two times prior bonus, full equity vesting.","After 2 years, Lee can elect transition to Executive Chairman at 60% compensation; if Board fails to appoint, remains CEO or becomes consultant with one-year severance."],"urls":{"canonical":"https://secwatch.observer/filing/0000891482-25-000036","json":"https://secwatch.observer/filing/0000891482-25-000036.json","markdown":"https://secwatch.observer/filing/0000891482-25-000036.md","text":"https://secwatch.observer/filing/0000891482-25-000036.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/891482/000089148225000036/0000891482-25-000036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/891482/000089148225000036/fll-20250614x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T05:46:55.906318+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}