GOLDEN ENTERTAINMENT, INC. (NASDAQ:GDEN) 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 November7, 2017, the Compensation Committee of the Board of Directors of Golden Entertainment, Inc. (the “Company”) approved the payment of a cash bonus to Mr.CharlesH. Protell, the Company’s Executive Vice President, Chief Strategy Officer and Chief Financial Officer, and the issuance of restricted stock units to Mr.BlakeL. Sartini, the Company’s Chairman, President and Chief Executive Officer, Mr.StephenA. Arcana, the Company’s Executive Vice President and Chief Operating Officer, and Mr.Protell. The cash bonus and restricted stock units were awarded in recognition of the outstanding performance of Messrs. Sartini, Protell and Arcana in connection with the Company’s recently completed acquisition of American Casino& Entertainment Properties, LLC and the financing transaction associated with the acquisition. Specifically, the Compensation Committee approved: (i)a cash bonus of up to $1.5million for Mr.Protell, with $1.0million of such bonus payable promptly, and $500,000 of such bonus payable in February 2019 subject to the Company’s attainment of an adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) target for fiscal year 2018; and (ii)the issuance of restricted stock units as follows: Mr.Sartini, 26,911 units; Mr.Protell 17,940 units; and Mr.Arcana, 17,940 units. The vesting of the restricted stock units is subject to the Company’s attainment of an Adjusted EBITDA target for fiscal year 2020, and if such target is attained, the restricted stock units will then vest in three equal installments, with the first installment vesting on the date of the Compensation Committee’s certification of the Company’s 2020 results and the remaining two installments vesting on October20, 2021 and 2022, respectively.

About GOLDEN ENTERTAINMENT, INC. (NASDAQ:GDEN)

Golden Entertainment, Inc., formerly Lakes Entertainment, Inc. is a gaming company. The Company focuses on distributed gaming, including tavern gaming, and casino and resort operations. The Company’s segments include Distributed Gaming, Casinos, and Corporate and Other. The Distributed Gaming segment involves the installation, maintenance and operation of gaming devices in certain non-casino locations, such as grocery stores, convenience stores, restaurants, bars, taverns, saloons and liquor stores, and the operation of traditional, branded taverns targeting local patrons, primarily in the greater Las Vegas, Nevada metropolitan area. The Casinos segment includes the operations of Rocky Gap Casino Resort (Rocky Gap) in Flintstone, Maryland, and approximately three casinos in Pahrump, Nevada, including Pahrump Nugget Hotel Casino (Pahrump Nugget), Gold Town Casino, and Lakeside Casino & RV Park. Its tavern brands include PT’s Pub, PT’s Gold, PT’s Place, Sierra Gold and Sean Patrick’s.