secwatch.observer — SEC 8-K summary
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Issuer:     Everi Holdings Inc. (—)
CIK:        0001318568
Form:       8-K
Filed at:   2025-03-21T23:59:59+00:00
Accession:  0001318568-25-000010
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Everi re-appoints Michael D. Rumbolz as Executive Chair effective April 1, 2025
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- Agreement: $12,500 monthly cash compensation; discretionary $50K cash bonus based on Board criteria.
- Equity award valued at ~$205K, subject to Compensation Committee approval; vesting tied to closing of pending merger with IGT and Voyager Parent.
- Term is month-to-month, terminable on 30 days' notice; non-compete for 1 year, non-solicit for 2 years.
- Rumbolz has served as Executive Chair since April 2022; agreement provides COBRA coverage for 18 months after termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318568/000131856825000010/0001318568-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318568/000131856825000010/evri-20250320.htm
  HTML page:      https://secwatch.observer/filing/0001318568-25-000010

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