Company: ACEL
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001628280-25-018604
Chunk: 66

Company: Accel Entertainment, Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 66
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IP document. The Second A&R LTIP is attached as Appendix C to this proxy statement.

The following is the primary amendment to the A&R LTIP contained in the Second A&R LTIP:

• an increase to the available share reserve by 2,000,000 shares of our Class A-1 common stock (for a cumulative aggregate share authorization of 10,000,000 shares); and

• certain clarifying changes.

If our stockholders approve this proposal, we intend to file, pursuant to the Securities Act, a registration statement on Form S-8 to register the 2,000,000 additional shares of Class A-1 common stock available for issuance pursuant to the Second A&R LTIP.

Why We are Seeking Stockholder Approval of the Second A&R LTIP

Equity Compensation Is a Critical Element of Our Compensation Policy.

We believe that long-term incentive compensation programs align the interests of management, employees and stockholders to create long-term stockholder value. We strongly believe that the approval of the Second A&R LTIP is essential to our continued success because we otherwise may not have sufficient shares available under our A&R LTIP to attract and retain new employees or to motivate and retain our existing employees. This is particularly critical since our employees are our most valuable asset.

Accordingly, approving the Second A&R LTIP is in the best interest of our stockholders because equity awards help us to:

• attract, motivate and retain talented employees;

• align employee and stockholder interests;

• link employee compensation with company performance; and

• maintain a culture based on employee stock ownership.

The Second A&R LTIP Conforms to Best Practices in Equity Incentive Plans.

We believe the Second A&R LTIP conforms to best practices in equity incentive plans in that it:

• contains:

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◦ a restriction that the following shares will not be available for future grant under the Second A&R LTIP: (A) shares tendered or withheld in payment of the exercise price of any stock option or stock appreciation right or taxes relating to a stock option or stock appreciation right, (B) shares that were subject to a stock option or stock appreciation right but were not issued or delivered as a result of the net settlement or net exercise of such stock option or stock appreciation right, (C) shares repurchased on the open market with the proceeds of a stock option’s exercise price, and (D) shares surrendered or withheld by us in payment of taxes relating to an award to the extent