Inspired Entertainment promotes Brooks Pierce to President and CEO; extends Executive Chair Weil term to 2027

Inspired Entertainment, Inc.

Brooks Pierce promoted to President and CEO effective Jan 13, 2023; base salary increased to $585K from $525K, bonus target raised to 110%.
Executive Chair A. Lorne Weil's employment term extended to Dec 31, 2027; base salary increased to $800K from $750K.
Weil receives conditional grant of 250,000 performance-based RSUs (125,000 EBITDA-based, 125,000 stock-price based with $15–$22.50 targets).
Daniel B. Silvers stepped down as EVP and Chief Strategy Officer effective Jan 10, 2023.
Equity grants subject to stockholder approval of omnibus plan at 2023 annual meeting.

item 5.02 item 8.01 item 9.01

Executive movements

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Role change

Brooks H. Pierce

President and Chief Executive Officer

INSE · Inspired Entertainment, Inc.

Effective: 2023-01-13
Filed: January 17, 2023, 6:59 PM ET

On January 13, 2023, the Company promoted Brooks H. Pierce, from his current role as President and Chief Operating Officer to serve as President and Chief Executive Officer, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Brooks H. Pierce changed role as President and Chief Executive Officer at Inspired Entertainment, Inc..

Action: promoted
Role: President and Chief Executive Officer

Exact text from the filing

On January 13, 2023, the Company promoted Brooks H. Pierce, from his current role as President and Chief Operating Officer to serve as President and Chief Executive Officer, effective immediately.

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Inspired Entertainment, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-001537

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