secwatch.observer — SEC 8-K summary
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Issuer:     Light & Wonder, Inc. (LNWO)
CIK:        0000750004
Form:       8-K
Filed at:   2023-07-03T23:59:59+00:00
Accession:  0000950157-23-000735
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Light & Wonder CFO resigns effective Aug 25; interim CFO appointed; reaffirms 2025 AEBITDA target
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- CFO Connie James steps down on Aug 25, 2023 to pursue opportunity outside gaming; no disagreements with board.
- Oliver Chow, current SVP of Corporate Finance, will serve as interim CFO starting Aug 25.
- Board has initiated a search for a permanent CFO, engaging a leading executive search firm.
- Company reaffirms $1.4B consolidated AEBITDA target by 2025, noting strong 2023 financial performance.
- James departure not related to operations, policies, or accounting integrity; transition described as smooth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750004/000095015723000735/0000950157-23-000735-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750004/000095015723000735/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-23-000735

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