Inspired Entertainment Amends Employment Agreements with Executive Chairman and CEO

Inspired Entertainment, Inc. recently disclosed in a Form 8-K filing with the Securities and Exchange Commission that the company entered into addendums to the employment agreements of A. Lorne Weil, the Executive Chairman, and Brooks H. Pierce, the Chief Executive Officer, on January 29, 2025. These amendments have a retroactive effective date of January 1, 2025.

Mr. Weil’s addendum extends his employment term to December 31, 2028, increases his base salary rate to $900,000, and boosts his annual target bonus opportunity to 130% of his base salary. Meanwhile, Mr. Pierce’s addendum extends his term of employment to December 31, 2027, raises his base salary rate to $650,000, and increases his annual target bonus opportunity to 120% of his base salary.

It is important to note that all significant terms and conditions outlined in the employment agreements between Inspired Entertainment and these executives, as previously reported, will remain in effect throughout the extended terms. The details provided in the filing were stated to be incomplete, directing interested parties to the full text of the employment agreement addendums, found as Exhibits 10.1 and 10.2 in the Current Report.

Moreover, the Form 8-K document also includes details under Item 9.01 regarding the financial statements and exhibits associated with the amendments to the employment agreements.

Following this update, Inspired Entertainment, listed on the NASDAQ Stock Market LLC as INSE, concluded the filing without any further details or statements. Stay updated for more financial developments and announcements from the company.

This report is provided for informational purposes only and should not be perceived as financial advice or a solicitation to buy or sell securities. Investors are advised to conduct their research and seek professional guidance before making any investment decisions.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Inspired Entertainment’s 8K filing here.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.