---
schema_version: "secwatch.filing_event.v1"
accession: "0001747079-26-000003"
form_type: "8-K"
ticker: "BALY"
cik: "0001747079"
company_name: "Bally's Corp"
filed_at: "2026-02-02T23:59:59+00:00"
generated_at: "2026-05-16T05:41:41.575232+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001747079-26-000003
- form_type: 8-K
- ticker: BALY
- cik: 0001747079
- company_name: Bally's Corp
- filed_at: 2026-02-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1747079/000174707926000003/0001747079-26-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747079/000174707926000003/baly-20260127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001747079-26-000003
- JSON: https://secwatch.observer/filing/0001747079-26-000003.json
- Plain text: https://secwatch.observer/filing/0001747079-26-000003.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.