Bally's appoints Soohyung Kim as Executive Chair; company elects controlled company status

Bally's Corp

Soohyung Kim, Managing Partner of Standard General (owner of >50% voting power), appointed Executive Chair effective Jan 27, 2026.
Employment agreement provides $400k base salary, annual bonus target of 100% of base, and equity grants equal to 100% of base annually.
Bally's elects to be a 'controlled company' under NYSE rules due to Standard General's >50% voting power; will not comply with certain independence requirements.
As Executive Chair, Kim is no longer an independent director; Nominating and Governance Committee no longer entirely independent.

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