secwatch.observer — SEC 8-K summary
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Issuer:     Accel Entertainment, Inc. (ACEL)
CIK:        0001698991
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001698991-23-000022
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accel Entertainment amends CEO Rubenstein's agreement, raises base salary to $925k, grants performance-based RSUs
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- CEO Andrew Rubenstein's base salary increased to $925,000; employment term extended to April 27, 2026.
- Rubenstein granted 520,247 performance-based restricted stock units with stock price hurdles: $12.00, $12.50, $13.00.
- PSUs vest subject to performance condition and continued employment; lock-up period until April 27, 2027 or change of control.
- Non-Executive Chairman to receive annual RSU grant of $310,000 in lieu of cash retainer and annual RSU grant starting in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698991/000169899123000022/0001698991-23-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698991/000169899123000022/acel-20230427.htm
  HTML page:      https://secwatch.observer/filing/0001698991-23-000022

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