secwatch.observer — SEC 8-K summary
======================================

Issuer:     Accel Entertainment, Inc. (ACEL)
CIK:        0001698991
Form:       8-K
Filed at:   2025-09-22T23:59:59+00:00
Accession:  0001698991-25-000043
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accel Entertainment appoints Brett Summerer as Chief Financial Officer
----------------------------------------------------------------------

- Brett Summerer named CFO effective Sept 22; Mark Phelan returns to President, U.S. Gaming.
- Base salary $460k; target bonus 65% of base; target equity (50% RSUs, 50% PSUs) 115% of base beginning 2026.
- Sign-on grant of 40,000 RSUs vesting 50% on 2nd anniversary, 50% on 3rd anniversary.
- Severance for termination w/o cause or for good reason: base salary + prior year bonus + current target bonus, plus 12 months COBRA.
- If Covered Termination occurs within 12 months of Change in Control: pro-rated annual bonus and vesting acceleration for time-based equity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698991/000169899125000043/0001698991-25-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698991/000169899125000043/acel-20250922.htm
  HTML page:      https://secwatch.observer/filing/0001698991-25-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer