Caesars Entertainment Corporation (NASDAQ:CZR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02(b) DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On January31, 2018, Marilyn Spiegelresigned as a member of the Board of Directors and the Compensation and Management Development Committee of Caesars Entertainment Corporation (the “Company”) for personal reasons. There were no disagreements between Ms.Spiegeland the Company that caused or contributed to her decision.
Item 5.02 OTHER EVENTS.
On February 1, 2018, the Board of Directors of the Company unanimously approved a reduction in the size of the Board of Directors from eleven (11) to ten (10) and reduced the size of the Compensation and Management Development Committee from three (3) to two (2).
About Caesars Entertainment Corporation (NASDAQ:CZR)
Caesars Entertainment Corporation (Caesars) is a holding company. The Company offers casino-entertainment and hospitality services. It operates through three segments: Caesars Entertainment Resort Properties (CERP), Caesars Growth Partners Casino Properties and Developments (CGP Casinos) and Caesars Interactive Entertainment, Inc. (CIE). The Company’s facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options. In addition to its brick and mortar assets, it operates an online gaming business that provides social and mobile games offerings that utilize virtual currency, as well as real money games in certain jurisdictions. The Company owns CERP and an interest in Caesars Growth Partners, LLC (CGP). Through its consolidated entities, it owns and operates approximately 10 casinos in the United States, with over one million square feet of gaming space and over 23,000 hotel rooms.