Scientific Games seals executive pay protection plan

Supplier beefs up severance package insurance as chair Ronald Perelman remains open to selling majority stake

Scientific Games execs will receive lucrative severance and bonus pay if forced to leave the supplier amid a takeover after a new ‘change in control’ protection plan was filed. The SEC filing defines a ‘change in control’ as a third party acquiring at least 30% of common stock in Scientific Games. The protection amendment covers…

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