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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): May 29, 2026
Commission file number: 333-283772
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Bally’s Chicago, Inc.
(Exact name of registrant as specified in its charter)
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Delaware | | 88-2870098 |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) |
100 Westminster Street | Providence, | RI | | 02903 |
(Address of principal executive offices) | | (Zip Code) |
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(401) 475-8474
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Class A-1 common stock, par value $0.001 per share | N/A | N/A |
Class A-2 common stock, par value $0.001 per share | N/A | N/A |
Class A-3 common stock, par value $0.001 per share | N/A | N/A |
Class A-4 common stock, par value $0.001 per share | N/A | N/A |
Class B common stock, par value $0.001 per share | N/A | N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Bally’s Chicago, Inc. (“Bally’s Chicago”) is a majority owned subsidiary of Bally’s Chicago Holding Company, LLC, a wholly owned subsidiary of Bally’s Corporation. On May 29, 2026, Bally’s Management Group, LLC, a subsidiary of Bally’s Corporation, entered into an employment agreement with Cheryl Ash, as its Senior Vice President, Finance and North America, as well as the Chief Financial Officer of Bally’s Chicago. Under this agreement, Ms. Ash’s annual compensation will consist of a base salary of $350,000, which will be reviewed annually, and a potential target bonus of 75% of base salary. Ms. Ash will be eligible to receive future equity grants in form and amounts to be determined by the compensation committee of the Bally’s Corporation board of directors. Ms. Ash’s employment agreement is attached as Exhibit 10.1 hereto and is incorporated herein by reference.
Cautionary Note Regarding Forward-Looking Statements.
This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained herein are forward-looking statements, including statements regarding the Company’s entry into an amendment or employment agreement with Ms. Ash and the expected timing and terms of the foregoing. These forward-looking statements are based on the Company’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those indicated by such forward-looking statements, including, without limitation, risks and uncertainties described under “Risk Factors” in the Company’s most recent periodic reports filed with the Securities and Exchange Commission and in other filings the Company makes with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
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Exhibit No. | | Description |
10.1 | | |
104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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BALLY’S CHICAGO, INC. |
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By: | /s/ Kim M. Barker |
Name: | Kim M. Barker |
Title: | Secretary |
Date: June 4, 2026