Accel Entertainment (ACEL) names CEO Mark Phelan as 2027 Class director
Rhea-AI Filing Summary
Accel Entertainment, Inc. reports a governance change in which its Board of Directors appointed Chief Executive Officer Mark Phelan as a 2027 Class director, effective August 7, 2026, with a term expiring at the 2027 Annual Meeting of Stockholders.
The company increased the size of the Board from 9 to 10 directors to accommodate this appointment. Phelan will not receive additional compensation for his director role and will continue under his existing compensation arrangements as Chief Executive Officer. The company states that his appointment is not pursuant to any arrangement or related-party transaction requiring disclosure under Item 404(a) of Regulation S-K.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Board size before change: 9 directors
Board size after change: 10 directors
Director term end: 2027 Annual Meeting of Stockholders
3 metrics
Board size before change
9 directors
Number of directors prior to appointing Mark Phelan as a 2027 Class director
Board size after change
10 directors
Number of directors after appointing Mark Phelan to the Board
Director term end
2027 Annual Meeting of Stockholders
Scheduled expiration of Mark Phelan’s term as a 2027 Class director
Key Terms
2027 Class director, Emerging growth company, Item 404(a) of Regulation S-K
3 terms
2027 Class director regulatory
"appointed Mark Phelan ... as a 2027 Class director on the Board"
Emerging growth company regulatory
"Emerging growth company Item 5.02. Departure of Directors"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Item 404(a) of Regulation S-K regulatory
"nor a party to any transaction requiring disclosure pursuant to Item 404(a) of Regulation S-K"
FAQ
What board change did Accel Entertainment (ACEL) disclose on August 7, 2026?
Accel Entertainment’s Board appointed CEO Mark Phelan as a 2027 Class director, effective immediately, with a term expiring at the company’s 2027 Annual Meeting of Stockholders, and increased the Board size from 9 to 10 directors.
Does Mark Phelan receive additional compensation for his new director role at ACEL?
No. The company states that Mark Phelan will not receive any additional compensation for serving as a director and will continue to be compensated only in his capacity as Chief Executive Officer under unchanged arrangements.
How did Accel Entertainment (ACEL) change its board size with this appointment?
In connection with appointing CEO Mark Phelan as a 2027 Class director, Accel Entertainment increased its Board size from 9 to 10 directors, reflecting the addition of the CEO as an extra board member.
Will Mark Phelan serve on any board committees at Accel Entertainment (ACEL)?
Accel Entertainment indicates that Mark Phelan has not been appointed to serve on any committee of the Board. His new role is limited to serving as a 2027 Class director in addition to being Chief Executive Officer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
