Pinnacle Entertainment, Inc. 8-K 2006
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 20, 2006
PINNACLE ENTERTAINMENT, INC.
(Exact Name of Registrant as Specified in Its Charter)
Registrants Telephone Number, including area code: (702) 784-7777
(Former name or Former Address, if Changed Since Last Report)
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 (see General Instruction A.2):
On August 21, 2006, Pinnacle Entertainment, Inc. (Pinnacle) and the Land Clearance for Redevelopment Authority of the City of St. Louis (the LCRA) entered into a Third Amendment (the Third Amendment) to the Redevelopment Agreement (the Redevelopment Agreement) relating to Pinnacles downtown St. Louis project. Under the terms of the Third Amendment, the amount that Pinnacle is required to expend on the project has increased from at least $207.7 million to at least $325 million, plus the previously-required additional $50 million residential/retail commitment. Pinnacle has previously announced that it intends to build a $430 million project. The Third Amendment also extended certain deadlines in connection with the downtown St. Louis project. The other material terms of the Redevelopment Agreement are unchanged by the Third Amendment.
The foregoing description of the Third Amendment does not purport to be complete and is qualified in its entirety by reference to the Third Amendment, which is attached as Exhibit 10.1 hereto, and is incorporated herein by reference.
On August 20, 2006, Timothy J. Parrott notified Pinnacle of his intent to resign as a member of the board of directors of Pinnacle effective prior to taking his new position at Aristocrat Leisure Ltd. Aristocrat Leisure Ltd. has announced that Mr. Parrott will join Aristocrat on September 18, 2006. Mr. Parrotts decision to resign is not related to any disagreement with Pinnacle or its management on any matter relating to its operations, policies or practices.
- 2 -
Pursuant to the requirements of Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
- 3 -
INDEX TO EXHIBITS
- 4 -