Company: ACEL
Filing Date: 2025-04-11
Form Type: PRE 14A
Source: 0001628280-25-017502
Chunk: 64

Company: Accel Entertainment, Inc.
Filing Date: 2025-04-11
Form: PRE 14A
Chunk 64
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 Exculpation Amendment ”), but will not be retroactive, and will not apply to any act or omission occurring prior to the effectiveness of the Officer Exculpation Amendment.

Article IX, Section 9.1 of the COI provides for the elimination of personal liability of our directors for monetary damages for breaches of the duty of care as directors, subject to certain exceptions. We are asking our stockholders to adopt the Officer Exculpation Amendment, which would provide for the elimination of personal liability of the above-mentioned officers from monetary damages for breaches of the duty of care as officers in certain actions, as described above.

The description of the Officer Exculpation Amendment as set forth above is qualified in its entirety by reference to the text of the Officer Exculpation Amendment, which is attached to this proxy statement as Appendix B . Additions to the COI are indicated by highlighting , and deletions to the COI are indicated by strikeouts.

Our Board has approved and adopted the Officer Exculpation Amendment, declared it to be advisable and in the best interests of Accel and its stockholders and recommended that the stockholders adopt the Officer Exculpation Amendment.

Our Board believes that providing protection to officers to the fullest extent permitted by law is necessary to attract and retain highly qualified senior leadership, especially since certain competitor companies have adopted similar exculpation clauses and we expect additional competitor companies to do the same. The nature of the role of officers often requires them to make decisions on crucial matters often in time-sensitive situations, which can create risk of investigations, claims or proceedings seeking to impose liability on the basis of hindsight, especially in the current litigious environment and regardless of merit. Limiting concern about personal risk would empower both directors and officers to best exercise their business judgment in furtherance of stockholder interests and can benefit stockholders by encouraging appropriate risk taking that could result in greater innovation and growth. Exculpation could also reduce legal costs for Accel by minimizing the risk of litigation over matters covered by exculpation. This protection has long been afforded to directors, and our Board believes that extending similar exculpation to our officers is fair and in the best interests of Accel and its stockholders.

#### Vote Required
The Officer Exculpation Amendment will require the affirmative vote of a majority in voting interest of the shares of Class A-1 common stock issued and outstanding as of the Record Date. If our stockholders adopt the Officer Exculpation Amendment, our Board has authorized