Company: LAWIL
Filing Date: 2025-06-20
Form Type: 8-K
Source: 0000950157-25-000532
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Company: Light & Wonder, Inc.
Filing Date: 2025-06-20
Form: 8-K
Item: Item 5.02
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

Executive Vice President, Chief Legal Officer and Corporate Secretary Transition

On June 16, 2025, James Sottile notified Light & Wonder, Inc. (the “ Company”) that he will retire from the Company, and that his last day of service as the Company’s Executive Vice President, Chief Legal Officer (“ CLO”)
and Corporate Secretary, will be December 31, 2025. Susan Dawson, the Company’s current Senior Vice President and Deputy General Counsel, will succeed Mr. Sottile and assume the role of CLO and Corporate Secretary upon his retirement. In order to
ensure a smooth transition of Mr. Sottile’s duties and responsibilities, Mr. Sottile has agreed to provide consulting services to the Company for one year following December 31, 2025, as further described below.

Ms. Dawson joined the Company in 2012, based out of the United Kingdom, and has served as Senior Vice President and Deputy General
Counsel since 2018. As part of her new role, Ms. Dawson will relocate to Las Vegas.

Amendment to Mr. Sottile’s Employment Agreement and Entry Into Consulting Agreement with Mr. Sottile

On June 20, 2025, the Company entered into an amendment (the “ Employment

Agreement Amendment”) to Mr. Sottile’s employment agreement, dated as of August 2, 2021 (effective as of September 1, 2021), that provides (1) for an extension of such agreement and Mr. Sottile’s employment through the end of 2025,
(2) that if Mr. Sottile remains employed through the end of 2025, he will remain eligible to receive his annual bonus in respect of 2025 and (3) that, at Mr. Sottile’s request, in lieu of the treatment of his equity awards provided for in the
employment agreement prior to the Employment Agreement Amendment, upon his retirement Mr. Sottile’s awards will be subject to theCompany’s policy on equity vesting upon retirement applicable to all recipients of equity grants.