{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-018332","form_type":"8-K","ticker":"PENN","cik":"0000921738","company_name":"PENN Entertainment, Inc.","filed_at":"2026-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.038394+00:00","generated_at":"2026-05-16T01:21:59.199790+00:00","sec_items":["1.01","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PENN appoints Ace, Fox, Schiavolin as directors; settles activist HG Vora","bullets":["Appoints Heather Ace, Jeffrey Fox, and Fabio Schiavolin as independent directors effective Feb 22, 2026.","Board size increased from 8 to 11; Class II directors expanded from 2 to 4, Class III from 3 to 4.","Enters cooperation agreement with activist HG Vora; standstill through 45 days before 2028 annual meeting deadline.","HG Vora agreed to customary voting and standstill restrictions; non-disparagement obligations included.","New directors bring experience in global gaming, technology, finance, and human resources."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-018332","json":"https://secwatch.observer/filing/0001104659-26-018332.json","markdown":"https://secwatch.observer/filing/0001104659-26-018332.md","text":"https://secwatch.observer/filing/0001104659-26-018332.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/921738/000110465926018332/0001104659-26-018332-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/921738/000110465926018332/tm267014d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T01:21:59.199790+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":[{"claim_id":"f3934d9e44e6717047b8130481898af9f200076b","claim":"PENN Entertainment, Inc. entered into Cooperation Agreement with HG Vora Capital Management, LLC and certain related parties (collectively, \"HG Vora\") (effective 2026-02-22).","evidence_excerpt":"On February 22, 2026, PENN Entertainment, Inc. (the “Company”) entered into a cooperation agreement (the “Cooperation Agreement”) with HG Vora Capital Management, LLC and certain related parties (collectively, “HG Vora”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/921738/000110465926018332/0001104659-26-018332-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"HG Vora Capital Management, LLC and certain related parties (collectively, \"HG Vora\")"},{"label":"Effective","value":"2026-02-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}