Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On June 11, 2009, International Game Technology (the "Company"), as part of its
ongoing general initiative to reduce costs, terminated, effective June 11, 2009,
the employment of certain management level employees, including Richard
Pennington, who was a named executive officer of the Company. Mr. Pennington
will receive a severance payment of approximately $242,000, pursuant to the
Company's established severance policy, which provides for up to 30 weeks'
salary. Mr. Pennington will also receive a pro rata share of any fiscal 2009
bonus to which he would otherwise be entitled under the IGT Management Bonus
Plan. In addition, the Company and Mr. Pennington may enter into a short-term
consulting agreement.
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