Caesars Entertainment appoints Icahn designees Lynn and Papapostolou to board, agrees to standstill

Caesars Entertainment, Inc.

Jesse Lynn and Ted Papapostolou appointed to Caesars Board effective March 17, 2025.
Board size increased from 11 to 12 directors to accommodate the appointments.
Icahn Group agreed to standstill and voting commitments through 2026 annual meeting.
If Icahn Group ownership falls below 10.55M shares, one designee resigns; below 5.28M, both resign.
Icahn expressed interest in exploring strategic alternatives for Caesars' digital business.

item 1.01 item 5.02 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Caesars Entertainment, Inc.: Amended Article II, Section 1 of the Bylaws to increase the maximum size of the Board from 11 to 12 directors (effective 2025-03-17).

Change: bylaw amendment
Effective: 2025-03-17

Exact text from the filing

On March 17, 2025, the Board adopted an amendment to the Company’s Amended and Restated Bylaws (the “Bylaws”), effective immediately. The amendment revised Article II, Section 1 of the Bylaws to increase the maximum size of the Board from 11 to 12 directors.

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Caesars Entertainment, Inc. filing history →

Source: SEC EDGAR

accession 0001590895-25-000104

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