Company: ACEL
Filing Date: 2025-04-11
Form Type: PRE 14A
Source: 0001628280-25-017502
Chunk: 35

Company: Accel Entertainment, Inc.
Filing Date: 2025-04-11
Form: PRE 14A
Chunk 35
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 consists of the installation, maintenance and operation of gaming terminals, redemption devices that disburse winnings and contain automated teller machine functionality, and other amusement devices in authorized non-casino locations such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores. We currently operate in Illinois, Montana, Nevada, Nebraska, Georgia, Iowa, Pennsylvania and Louisiana.

The information contained in this Compensation Discussion and Analysis (“ CD&A ”) and the executive compensation disclosures below is provided for the individuals who were our named executive officers for the year ended December 31, 2024, whom we refer to collectively as the “ NEOs ”:

• Andrew Rubenstein, Chief Executive Officer;

• Mathew Ellis, Chief Financial Officer;

• Derek Harmer, Chief Compliance Officer and former General Counsel; and

• Mark Phelan, President, U.S. Gaming

#### Executive Summary
2024 Business Highlights

We are a leading distributed gaming operator in the United States and a preferred partner for local business owners in the markets they serve. We offer turnkey, full-service gaming solutions to bars, restaurants, convenience stores, truck stops, and fraternal and veteran establishments across the country. Our focus is providing unmatched customer support, guidance, and compliance expertise so our location partners can grow their businesses with incremental revenue. During 2024, we achieved a number of notable successes, including:

• Setting a new record with total revenue of $1.2 billion and Adjusted EBITDA of $189.1 million, year-over-year increases of 5.2% and 4.2%, respectively;

• Owning and operating 26,346 gaming terminals across 4,117 locations in Illinois, Montana, Nevada, Nebraska and Louisiana, year-over-year increases of 5.0% and 3.9%, respectively; and

• Acquiring Toucan Gaming, a distributed gaming operator in the State of Louisiana, and FanDuel Sportsbook & Horse Racing in Collinsville, Illinois, which closed on November 1, 2024 and December 2, 2024, respectively.

Additionally, we returned $143.6 million of capital to our stockholders through December 31, 2024 under our previously announced $200 million share repurchase program which began on November 22, 2021.

For additional discussion of our results, including a reconciliation of Adjusted EBITDA to net income, refer to “ Management’s Discussion and Analysis of Financial Condition and Results of Operations ” section in