Welcome to our dedicated page for Boyd Gaming SEC filings (Ticker: BYD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Boyd Gaming Corporation filings document the regulatory record for a Nevada gaming company whose common stock trades on the New York Stock Exchange under BYD. Its 8-K reports cover operating results, declared cash dividends, material financing agreements, executive officer changes, and annual meeting voting results.
Proxy and current-report disclosures address board elections, auditor ratification, advisory executive-compensation votes, governance matters, and the company's common-stock structure. Financing filings include an amended and restated credit agreement with senior secured revolving and term-loan facilities, while earnings exhibits provide formal disclosure of casino-property performance, segment activity, capital investments, debt, cash, and shareholder-return actions.
Boyd Gaming Corporation files its annual report describing a large, diversified casino and online gaming business spanning 27 brick-and-mortar properties across 10 states plus Boyd Interactive’s B2B and B2C operations in the U.S. and Canada.
A key 2025 event was the sale of its five percent equity interest in FanDuel for aggregate cash consideration of $1,758.0 million, alongside new FanDuel market access agreements. Gaming at physical properties and distributed operations generated about 64% of revenues in 2025 versus 66% in 2024, while online reimbursements contributed 14% versus 11%.
As of December 31, 2025, the company operated 1,730,321 square feet of casino space with 27,267 slot machines, 600 table games and 10,146 hotel rooms, and employed 16,009 Team Members. The report highlights competitive pressures, heavy regulation, cybersecurity, environmental and weather risks, and leverage considerations, including approximately $2.1 billion of long-term debt and significant lease obligations. Non‑affiliate market value of common stock was about $4.3 billion as of June 30, 2025, with 75,492,204 shares outstanding as of February 16, 2026.
Boyd Gaming Corp director William R. Boyd, through the William R. Boyd Gaming Properties Trust, reported an open-market sale of 30,000 shares of common stock at an average price of $84.84 per share on February 18, 2026.
After this indirect sale by the William R. Boyd Gaming Properties Trust, the filing shows 1,930,447 shares of Boyd Gaming common stock held indirectly through that trust. It also reports 15,188 shares held directly and 87,034 shares held indirectly through the Sean W. Johnson Separate Property Trust.
Boyd Gaming Corporation announced that its Board of Directors declared a cash dividend of $0.20 per share. The dividend will be paid on April 15, 2026 to shareholders who are on record as of March 16, 2026. This reflects the company’s ongoing practice of returning cash to shareholders.
Boyd Gaming Corporation filed a current report to let investors know it has released its latest financial results. On February 5, 2026, the company issued a press release announcing its results for the fourth quarter and full year ended December 31, 2025.
The press release with the detailed numbers and commentary is attached as Exhibit 99.1 to this report and is incorporated by reference. This filing is mainly administrative, formally furnishing the earnings release to the market.
Boyd Gaming Corporation entered into an Amended and Restated Credit Agreement providing a $1,450.0 million senior secured revolving credit facility and a $1,200.0 million senior secured term A delayed draw loan facility. Both facilities mature on the fifth anniversary of January 21, 2026, with Term A Loans drawable in up to four borrowings until July 1, 2027. Proceeds were used to refinance the prior credit agreement, pay related transaction costs, and may fund working capital and other general corporate purposes.
The agreement includes an accordion feature allowing additional revolving or term loan commitments based on a formula tied to Consolidated EBITDA, certain prepayments, and a first lien leverage test. Term A Loans amortize at 5.00% of original principal annually, and excess cash flow prepayments apply if leverage exceeds set thresholds. Borrowings bear interest at SOFR- or base rate-based pricing plus a margin determined by the company’s Consolidated Total Net Leverage Ratio, and are subject to financial covenants on leverage and interest coverage and restrictions on additional debt, liens, asset sales, investments, and dividends.
Boyd Gaming Corporation reported an equity compensation grant to its Chief Administrative Officer, Stephen S. Thompson. On 01/05/2026, Thompson received 1,375 Career Restricted Stock Units for no cash consideration under Boyd Gaming’s 2020 Stock Incentive Plan and its Career Shares Program.
Each Career Restricted Stock Unit represents a contingent right to receive one share of Boyd Gaming common stock. According to the terms described, these units generally will be paid out in common shares at the time of retirement, with the payout level determined by the grantee’s attained age and years of continuous service at retirement. Following this grant, Thompson beneficially owns 1,375 derivative securities representing underlying common shares, all held directly.
Boyd Gaming Corporation granted equity-based compensation to a senior executive. On 01/05/2026, General Counsel & Secretary Uri Clinton received an award of 1,218 Career Restricted Stock Units under Boyd Gaming’s 2020 Stock Incentive Plan. These units were granted for no cash consideration and each unit represents a contingent right to receive one share of Boyd Gaming common stock.
The Career Restricted Stock Units are designed as long-term retirement-focused compensation. According to the terms described, they will generally be paid out in shares of common stock at the time of retirement, with the actual level of payout determined by the grantee’s attained age and years of continuous service at retirement. Following this award, Clinton beneficially owns 1,218 of these derivative securities directly.
Boyd Gaming Corporation reported that its CFO & Treasurer, Josh Hirsberg, received a grant of 1,610 Career Restricted Stock Units on January 5, 2026. These units were granted for no cash consideration under the company’s 2020 Stock Incentive Plan as part of its Career Shares Program.
Each Career Restricted Stock Unit represents a contingent right to receive one share of Boyd Gaming common stock. The units are generally paid out in shares of common stock at the time of retirement, with the final level determined by the grantee’s age and years of continuous service at retirement. Following this grant, Hirsberg beneficially owns 1,610 Career Restricted Stock Units directly.
Boyd Gaming Corp director and 10% owner Marianne Boyd Johnson received an award of 618 Career Restricted Stock Units on January 5, 2026. The units were granted for no cash consideration under the company’s 2020 Stock Incentive Plan as part of its Career Shares Program.
Each Career Restricted Stock Unit represents a contingent right to receive one share of Boyd Gaming common stock. The units are generally paid out in shares at the time of retirement, with the payout level based on the grantee’s attained age and years of continuous service at retirement. Following this grant, Johnson beneficially owns 618 derivative securities directly.