Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
MCRI > SEC Filings for MCRI > Form 8-K on 26-Mar-2014All Recent SEC Filings

Show all filings for MONARCH CASINO & RESORT INC



Change in Directors or Principal Officers, Financial Statements and E

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

On March 25, 2014 the Board of Directors of Monarch Casino & Resort, Inc. (the "Company") appointed Paul Andrews to serve as a director for the Company effective May 1, 2014, subject to applicable regulatory approval. Mr. Andrew's term will continue until the 2014 annual meeting of stockholders, at which time he will be considered for election for a two-year term. Mr. Andrews was appointed to the Company's Audit Committee, the Compensation Committee and the Strategic Planning Committee. As previously reported, Ronald R. Zideck resigned from the Board of Directors of the Company on May 10, 2013 leaving the vacancy that has been filled by Mr. Andrews.

As a non-employee director, Mr. Andrews will receive an annual fee of $50,000. Mr. Andrews will also receive a stock option grant on May 21, 2014, the date of our next Annual Stockholder's Meeting, to purchase 6,100 shares of common stock of the Company and additional stock option grants each year on the date the Company's annual stockholder meeting is held to purchase 6,100 shares of common stock of the Company. Each of the option grants vest on the six month anniversary of the grant date and have an exercise price equal to the closing price of the Company's common stock on the grant date.

There are no arrangements or understandings between Mr. Andrews and any other persons pursuant to which Mr. Andrews was selected as a director, and there are no transactions in which the Company was or is to be a participant and in which Mr. Andrews had or will have a direct or indirect material interest that are required to be reported pursuant to Item 404(a) of Regulation S-K.

The press release issued by the Company on March 25, 2014 is included in Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release Issued March 25, 2014.

  Add MCRI to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for MCRI - All Recent SEC Filings
Copyright © 2015 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.