Accel Entertainment Inc. has announced a new amended and restated employment agreement for Mark Phelan, who will serve as Chief Operating Officer immediately and succeed Andy Rubenstein as Chief Executive Officer and President on August 7, 2026. Under the new agreement, Phelan will receive an annual base salary of $554,443 until the transition date, increasing to $805,906 thereafter. His 2026 target bonus is set at $562,199, with future target bonuses equal to 100% of his annual base salary. Phelan’s 2026 annual equity-based incentive grant will have a target value of $452,795, and he will be eligible for a one-time transition grant of $671,588 after assuming the CEO role. For subsequent years, his target annual equity grant will be 200% of his annual base salary. In the event of a qualifying termination, he is entitled to severance equal to twice his annual base salary and target bonus, with additional benefits if termination follows a change in control.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Accel Entertainment Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001698991-26-000009), on February 03, 2026, and is solely responsible for the information contained therein.