Churchill Downs EVP Gaming Operations Maureen Adams to retire Dec 31, 2025

Churchill Downs Inc

Maureen Adams, EVP Gaming Operations, notified retirement effective December 31, 2025.
Company entered MOU providing 2025 bonus, accelerated vesting of RSUs and PSUs through 2026.
Retention payment of $550,000 contingent on continued employment through retirement date.
Existing change-in-control/severance agreement will be terminated upon retirement.

item 5.02item 9.01

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