Accel Entertainment, Inc. filings document the regulatory record of a public distributed-gaming operator, including operating results, investor presentations and material-event reports tied to its gaming-terminal network and local entertainment platform. Form 8-K disclosures cover quarterly and annual financial results, operating metrics such as locations and terminals, and updates related to Fairmount Park Casino & Racing.
The company’s proxy and governance filings describe board elections, advisory executive-compensation votes, auditor ratification and annual-meeting voting results. Other filings record officer and board leadership changes, auditor transition matters, Regulation FD disclosures and related exhibits that formalize Accel’s public-company governance and reporting obligations.
ACEL reported a Rule 144 notice for the proposed sale of 540,000 shares of Class A-1 Common Stock through J.P. Morgan Securities LLC. The shares were acquired by the Gordon S. Rubenstein and Krista M. Ramonas Joint Revocable Trust on 12/18/2009; an earlier transfer is dated 01/01/2014. The filing lists 81,567,065 shares (as of 03/06/2026) on the NYSE.
Accel Entertainment, Inc. files its annual report describing a multi-state distributed gaming business focused on providing turnkey gaming-as-a-service to bars, restaurants, truck stops, casinos and horse racing venues. The company installs, owns and services gaming terminals, redemption devices with ATM functionality and amusement machines under long-term, often exclusive contracts.
Accel operates primarily in Illinois, Montana and Nevada, with additional routes and developing operations in states including Georgia, Iowa, Louisiana, Nebraska and Pennsylvania, plus its Fairmount Park casino and racetrack opened in 2025. As of June 30, 2025, non‑affiliate market value was about $651 million, and as of February 27, 2026, Class A‑1 common shares outstanding were 81,567,065.
The report highlights core strengths in data-driven route management, deep relationships with location partners, in-house service and strong supplier ties, while also outlining key risks: heavy regulation, dependence on licenses and a concentrated supplier base, economic sensitivity of gaming spend, significant leverage under a $612 million credit facility and ownership concentration among major shareholders.
Accel Entertainment reported record results for the fourth quarter and full year 2025, showing broad-based growth and stronger profitability. Fourth-quarter revenue reached $341.4 million, up 7.5% year over year, with locations rising to 4,501 and gaming terminals to 27,950.
For 2025, revenue grew 8.1% to $1.33 billion, while net income climbed 45.3% to $51.3 million. Diluted EPS increased to $0.60 from $0.41, and Adjusted EBITDA rose 11.1% to $210.1 million, reflecting improved margins and operating leverage.
Cash and cash equivalents were $296.6 million with Net debt of about $310.9 million at year-end. The company completed a new $900 million credit facility maturing in 2030 and repurchased roughly 3.7 million shares in 2025, including 1.5 million in the fourth quarter.
Harmer Derek reported acquisition or exercise transactions in this Form 4 filing.
Accel Entertainment, Inc. reported that Chief Compliance Officer Derek Harmer received a grant of 23,037 restricted stock units (RSUs). The award was issued after the Compensation Committee certified performance results for the company’s three-year performance stock unit program covering the period ended December 31, 2025.
All 23,037 RSUs are scheduled to vest on March 14, 2026, as long as Harmer continues to serve the company through that date. This filing reflects an equity-based compensation award rather than an open-market stock purchase or sale.
Phelan Mark T. reported acquisition or exercise transactions in this Form 4 filing.
Accel Entertainment, Inc. reported that COO and President, U.S. Gaming, Mark T. Phelan received a grant of 35,710 Restricted Stock Units (RSUs) on February 25, 2026. These RSUs were issued after the compensation committee certified performance results for a three-year performance period that ended on December 31, 2025.
The filing states that 100% of the RSUs will vest on March 14, 2026, as long as Phelan continues to serve the company through that date. Following this grant, he holds 35,710 RSUs directly, reflecting an equity-based performance award rather than a cash transaction.
Accel Entertainment, Inc. reported that CEO, President and 10% owner Andrew H. Rubenstein acquired 102,030 restricted stock units (RSUs) on February 25, 2026. The award was issued after the Compensation Committee certified results for the three-year performance stock unit program covering the period ended December 31, 2025.
According to the filing, 100% of these RSUs will vest on March 14, 2026, as long as Rubenstein continues his service with the company through that vesting date.
Entities associated with Accel Entertainment, Inc. director David W. Ruttenberg reported open-market sales of a total of 25,000 shares of Class A-1 common stock. The shares were sold on February 18, 2026 under a pre-arranged Rule 10b5-1 trading plan adopted on December 15, 2023.
The filing notes a weighted average sale price of $11.0448 per share, with individual trades executed between $11.00 and $11.13. After these indirect transactions through related entities, the report shows remaining indirect holdings of 198,135 shares and 338,026 shares, while Ruttenberg disclaims beneficial ownership beyond his pecuniary interest.
Accel Entertainment, Inc. received an amended ownership report showing that Greenvale Capital LLP beneficially owns 6,059,407 shares of Class A‑1 common stock, representing 7.3% of the outstanding class. This percentage is based on 83,207,946 shares reported outstanding as of October 31, 2025.
Greenvale, an English limited liability partnership and investment manager authorized and regulated by the UK Financial Conduct Authority, holds these shares on behalf of certain funds and accounts. The firm certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Accel Entertainment.
Accel Entertainment is implementing a planned leadership transition. Andy Rubenstein, currently Chief Executive Officer and President, has been appointed Chairman of the Board and will become a non-employee advisor after August 7, 2026, while remaining on the Board if he maintains at least 5% ownership.
Mark Phelan, now President – US Gaming, becomes Chief Operating Officer immediately and will succeed Rubenstein as Chief Executive Officer and President on the August 7, 2026 transition date. New agreements outline Rubenstein’s advisory RSUs of 78,930 in 2026 plus 335,516 vesting over three years, and increase Phelan’s salary and target incentives tied to his expanded role.
Accel Entertainment, Inc. disclosed that entities associated with director David W. Ruttenberg sold shares of its Class A-1 Common Stock under a pre-arranged Rule 10b5-1 trading plan. On January 15, 2026, 12,500 shares were sold at a weighted average price of $11.5779, leaving 210,635 shares beneficially owned indirectly, and another 12,500 shares were sold at a weighted average price of $11.5775, leaving 350,526 shares beneficially owned indirectly. According to the footnotes, these securities are held by Crilly Court Trust and Grant Place Fund LLC, and Ruttenberg disclaims beneficial ownership beyond his economic interest. The Rule 10b5-1 plan was adopted on December 15, 2023, with a representation that he was not aware of material nonpublic information at that time.