GAMING AND LEISURE PROPERTIES, INC. (NASDAQ:GLPI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 28, 2019, the Board of Directors (the “Board”) of Gaming and Leisure Properties, Inc. (the “Company”) amended the Gaming and Leisure Properties, Inc. Amended and Restated 2013 Long Term Incentive Compensation Plan (the “Plan”). The Plan was amended to change the definition of “retirement” to mean a separation from service by a grantee who is an employee (i) on or after attainment of age 60 with at least 10 years of service with the Company or (ii) on or after attainment of age 65. In addition, the vesting provisions with respect to restricted stock upon termination of employment or service as a director were modified to provide for the acceleration of vesting upon termination without cause, resignation for good reason or retirement, in addition to death or disability (as previously provided under the Plan). Certain technical and clarifying changes were also made to the Plan.
The foregoing is qualified in its entirety by reference to the Plan, a copy of which is filed as Exhibit 10.1 to this Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
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Gaming & Leisure Properties, Inc. Exhibit
EX-10.1 2 exhibit101amendedltip.htm GLPI EXHIBIT 10.1 AMENDED AND RESTATED 2013 LTIP Exhibit Exhibit 10.1GAMING AND LEISURE PROPERTIES,…
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About GAMING AND LEISURE PROPERTIES, INC. (NASDAQ:GLPI)
Gaming and Leisure Properties, Inc. (GLPI) is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. The Company’s segments include GLP Capital, L.P. (GLP Capital), which is a subsidiary of GLPI, through which GLPI owns all of its real estate assets, and the TRS Properties. The GLP Capital segment consists of the leased real property and represents the Company’s business. The TRS Properties segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge. The Company’s portfolio consists of approximately 20 gaming and related facilities, including the TRS Properties and the real property associated with over 20 gaming and related facilities operated by Penn National Gaming, Inc. and the real property associated with the Casino Queen in East St. Louis, Illinois.