Bally's CFO Stephen Capp resigns; Robert Lavan appointed as replacement

Bally's Corp

CFO Stephen Capp resigns effective end of April; receives $275,000 and accelerated vesting of 4,270 RSUs and 4,270 PSUs.
Non-competition period reduced from 12 to 6 months under separation agreement.
Robert Lavan, previously SVP Finance & IR, appointed CFO with base salary of $525,000 and target bonus of 100% of base.
Lavan received 30,313 RSUs and 30,313 PSUs vesting annually over three years under Bally's 2021 Equity Incentive Plan.
Appointment subject to customary regulatory approvals; Capp's departure not due to any disagreement with Bally's.

item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Robert Lavan

Executive Vice President and Chief Financial Officer

BALY · Bally's Corp

Effective: 2022-03-11
Filed: March 14, 2022, 7:59 PM ET

On March 11, 2022, Bally’s appointed Robert Lavan, age 39, as Bally’s Executive Vice President and Chief Financial Officer.

Departed

Stephen Capp

Executive Vice President and Chief Financial Officer

BALY · Bally's Corp

Effective: 2022-04-30
Successor: Robert Lavan
Filed: March 14, 2022, 7:59 PM ET

Stephen Capp informed Bally’s Corporation (“Bally’s”) that he would resign as Executive Vice President and Chief Financial Officer to pursue other interests and opportunities.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Robert Lavan was appointed as Executive Vice President and Chief Financial Officer at Bally's Corp.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On March 11, 2022, Bally’s appointed Robert Lavan, age 39, as Bally’s Executive Vice President and Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Stephen Capp resigned as Executive Vice President and Chief Financial Officer at Bally's Corp.

Action: resigned
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Stephen Capp informed Bally’s Corporation (“Bally’s”) that he would resign as Executive Vice President and Chief Financial Officer to pursue other interests and opportunities.

View on SEC.gov

Bally's Corp filing history →

Source: SEC EDGAR

accession 0001747079-22-000039

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