Scientific Games withdraws offer for remaining 19% of SciPlay; director resigns

Light & Wonder, Inc.

Withdrew all-stock offer to acquire remaining 19% of SciPlay; had offered 0.25 SGMS shares per SciPlay share.
Retains 81% economic interest and 98% voting interest in SciPlay.
Sale of Lottery and Sports Betting businesses (~$7B) on track to close Q2 2022; focus on de-levering.
Director Jack Markell resigns effective Dec 31, 2021 to become U.S. Ambassador to OECD.
Company reiterates commitment to disciplined capital management and becoming leading cross-platform game company.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Jack A. Markell

Director

LNWO · Light & Wonder, Inc.

Effective: 2021-12-31
Filed: December 22, 2021, 6:59 PM ET

On December 21, 2021, Mr. Jack A. Markell advised Scientific Games Corporation (the “Company”) that he will resign from the Company’s Board of Directors effective December 31, 2021 to serve as the U.S. Representative to the Organisation for Economic Co-operation and Development, with the rank of Ambassador.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Jack A. Markell resigned as Director at Light & Wonder, Inc..

Action: resigned
Role: Director

Exact text from the filing

On December 21, 2021, Mr. Jack A. Markell advised Scientific Games Corporation (the “Company”) that he will resign from the Company’s Board of Directors effective December 31, 2021 to serve as the U.S. Representative to the Organisation for Economic Co-operation and Development, with the rank of Ambassador.

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Light & Wonder, Inc. filing history →

Source: SEC EDGAR

accession 0000950157-21-001277

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