Company: ACEL
Filing Date: 2025-06-09
Form Type: 8-K
Source: 0001698991-25-000026
Chunk: 1

Company: Accel Entertainment, Inc.
Filing Date: 2025-06-09
Form: 8-K
Item: Item 5.03
Chunk 1
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Item 5.03.

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

As further described in Item 5.07 to this Report, at the Annual Meeting, the Company’s stockholders approved a proposal to amend the Company’s Amended and Restated Certificate of Incorporation (the “ COI”) to declassify the Company’s Board of Directors (the “Board”), provide for the annual election of directors and make other related changes (such amendment to the COI, the “Declassification Amendment”). The Declassification Amendment had been approved, subject to stockholder approval, by the Board on April 10, 2025.

On June 6, 2025, the Company filed a certificate of amendment (the “First Certificate of Amendment”) to the COI that reflects the Declassification Amendment with the Delaware Secretary of State and the First Certificate of Amendment became effective on filing.

In addition, as further described in Item 5.07 to this Report, at the Annual Meeting, the Company’s stockholders approved a proposal to amend the COI to exculpate certain of the Company’s officers (such amendment to the COI, the “Exculpation Amendment”). The Exculpation Amendment had also been approved, subject to stockholder approval, by the Board on April 10, 2025.

On June 6, 2025, following the effectiveness of the First Certificate of Amendment, the Company also filed a certificate of amendment (the “Second Certificate of Amendment”) to the COI, as amended, that reflects the Exculpation Amendment with the Delaware Secretary of State and the Second Certificate of Amendment became effective on filing.

Descriptions of the Declassification Amendment and the Exculpation Amendment were included in the Proxy Statement under the headings “ Proposal 1: Adoption of an Amendment to the Current Amended and Restated Certificate of Incorporation in Order to Declassify our Board of Directors” and “ Proposal 3: Adoption of an Amendment to Our Current Amended and Restated Certificate of Incorporation in Order to Permit the Exculpation of Officers From Personal Liability for Certain Breaches of the Duty of Care,” respectively, which descriptions are incorporated herein by reference. Such descriptions and the foregoing descriptions of the First Certificate of Amendment and the Second Certificate of Amendment do not purport to be complete and are qualified in their entirety by reference to the full text of the First Certificate of Amendment and the Second Certificate of Amendment, copies of which are