---
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"
generated_at: "2026-05-19T05:46:55.906318+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Full House Resorts enters new CEO employment agreement with Daniel Lee through 2030

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000891482-25-000036
- JSON: https://secwatch.observer/filing/0000891482-25-000036.json
- Plain text: https://secwatch.observer/filing/0000891482-25-000036.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.