Pinnacle Entertainment, Inc. 8-K 2009
Date of Report (Date of earliest event reported): December 10, 2009
PINNACLE ENTERTAINMENT, INC.
Registrants telephone number, including area code: (702) 784-7777
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
On December 10, 2009, the Board of Directors of Pinnacle Entertainment, Inc. (the Company) approved of the termination of the Companys Deferred Bonus Plan effective December 10, 2009. In addition, the Board of Directors of the Company approved of the acceleration of the payment of unpaid deferred bonuses awarded in prior years to most executive officers of the Company not including John V. Giovenco, who was elected as Interim Chief Executive Officer on November 7, 2009. The prior-years deferred bonuses were to be paid in three equal annual installments and were awarded under the Deferred Bonus Plan. All unpaid deferred bonuses are expected to be paid on or prior to December 31, 2009. The Company has not determined the annual bonuses to be awarded to the executive officers for the fiscal year ended December 31, 2009.
The following are the unpaid deferred bonuses awarded in prior years to be paid to those persons disclosed as named executive officers in the Companys 2009 proxy statement:
Item 9.01. Financial Statements and Exhibits.
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.
INDEX TO EXHIBITS