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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549 

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported): May 15, 2025

 

 

 

PENN Entertainment, Inc.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Pennsylvania   0-24206   23-2234473
(State or Other Jurisdiction of
Incorporation)  
  (Commission File Number)    (I.R.S. Employer Identification No.)

 

825 Berkshire Blvd., Suite 200

Wyomissing, PA 19610

(Address of Principal Executive Offices, and Zip Code)

 

610-373-2400

Registrant’s Telephone Number, Including Area Code

 

 

 

(Former name, former address and former fiscal year, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered  
Common Stock, $0.01 par value per share PENN The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

  

 

 

 

Item 7.01. Regulation FD Disclosure.

 

On May 15, 2025, PENN Entertainment Inc. (the “Company”) issued (i) a press release containing a letter to shareholders from the Board of Directors of the Company, a copy of which is attached as Exhibit 99.1 and is incorporated by reference in this Item 7.01, and (ii) a fact sheet, a copy of which is attached as Exhibit 99.2 and is incorporated by reference in this Item 7.01. The shareholder letter and fact sheet provide updates on, among other things, the Company’s performance, its commitment to driving shareholder value and its efforts to reach a mutually agreeable resolution with HG Vora Capital Management, LLC.

 

The information in this Item 7.01 of this Current Report on Form 8-K, including Exhibits 99.1 and 99.2 hereto, is being furnished to the Securities and Exchange Commission and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. This information shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference to such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d)       Exhibits.

 

Exhibit No. Description
99.1 Press Release, dated May 15, 2025, issued by PENN Entertainment, Inc. (furnished under Item 7.01)
99.2 Fact Sheet, dated May 15, 2025, issued by PENN Entertainment, Inc. (furnished under Item 7.01)
104 Cover Page Interactive Data File (formatted as Inline XBRL)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: May 15, 2025 PENN ENTERTAINMENT, INC.
     
    By: /s/ Christopher Rogers
      Christopher Rogers
      Executive Vice President, Chief Strategy and Legal Officer and Secretary