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SGMS > SEC Filings for SGMS > Form 8-K on 23-Dec-2013All Recent SEC Filings

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Change in Directors or Principal Officers

Item 5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 18, 2013, the Compensation Committee of the Board of Directors of Scientific Games Corporation (the "Company") approved certain changes to the compensation of Jeffrey S. Lipkin, the Company's Senior Vice President and Chief Financial Officer, and James C. Kennedy, the Company's Executive Vice President and Group Chief Executive Officer of Lottery. Effective January 1, 2014, Mr. Lipkin's base salary will be increased to $625,000 and his "target" annual bonus opportunity will be increased to 75% of his base salary. Effective January 1, 2014, Mr. Kennedy's base salary will be increased to $675,000 and his "target" annual bonus opportunity will be increased to 75% of his base salary. On December 20, 2013, Messrs. Lipkin and Kennedy received equity awards comprised of 30,000 restricted stock units and 15,000 restricted stock units, respectively, with a four-year vesting schedule (one-fourth vesting on each of the first four anniversaries of the date of grant).

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