secwatch.observer — SEC 8-K summary
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Issuer:     FULL HOUSE RESORTS INC (FLL)
CIK:        0000891482
Form:       8-K
Filed at:   2025-07-15T23:59:59+00:00
Accession:  0000891482-25-000042
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Full House Resorts promotes CFO Fanger to President; new employment deals for Fanger and Guidroz
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- Lewis Fanger promoted to President, remains CFO and Treasurer; Daniel Lee stays as CEO. Effective July 11, 2025.
- Fanger's base salary set at $500,000/year; eligible for up to 150% bonus, plus $200,000 milestone for debt refinancing by March 2027.
- Elaine Guidroz (SVP, General Counsel) gets new 3-year agreement with $350,000 base salary and similar bonus structure.
- Fanger granted 20,742 restricted shares (time & performance vesting); Guidroz granted 12,444 restricted shares.
- 2025 Adjusted EBITDA performance targets: threshold $50M, target $65M, ceiling $80M for bonus calculations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/891482/000089148225000042/0000891482-25-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/891482/000089148225000042/fll-20250711x8k.htm
  HTML page:      https://secwatch.observer/filing/0000891482-25-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer