Everi Holdings INC
Market Movers (8-K)
Apollo Funds have completed the acquisition of Everi Holdings Inc. and International Game Technology PLC's Gaming & Digital business, creating a new privately held global leader in gaming, digital, and financial technology solutions.
8-K: Everi Holdings Stockholders Affirm Board, Executive Compensation, and Auditor at 2025 Annual Meeting
Everi Holdings Inc. announced that its stockholders re-elected three Class II directors, approved executive compensation on an advisory basis, and ratified PricewaterhouseCoopers LLP as its independent auditor at the 2025 Annual Meeting.
Everi Holdings releases preliminary estimates for Q1 2025 financial results, showing a decrease in revenue and adjusted EBITDA compared to the previous year, amidst its pending acquisition by Apollo Global Management.
Worse than expected
Everi Holdings Inc. has reappointed Michael D. Rumbolz as Executive Chair of the Board, effective April 1, 2025, with a new agreement outlining his compensation and responsibilities.
Everi Holdings Inc. disclosed the future leadership structure of the combined entity following its acquisition by Apollo Global Management, including the appointment of a new CEO and business unit heads.
The Hart-Scott-Rodino Antitrust waiting period has expired for the proposed merger of Everi Holdings and IGT's Gaming & Digital business, moving the transaction closer to completion.
Quarterly Earnings (10-Q)
Everi Holdings' Q1 2025 results show a decrease in total revenues primarily due to a decline in Games revenue, partially offset by growth in FinTech, as the company navigates a proposed acquisition by Voyager Parent, LLC.
Worse than expected
Everi Holdings experienced a decrease in revenue and a net loss in the third quarter of 2024, impacted by lower gaming revenue and increased expenses, while also navigating a pending acquisition.
Worse than expected
Everi Holdings' second quarter results show a decrease in revenue and net income compared to the previous year, alongside the termination of a proposed merger and announcement of a new acquisition agreement.
Worse than expected
Everi Holdings experienced a decrease in revenue and net income in the first quarter of 2024, impacted by lower gaming equipment sales and increased operating expenses related to a proposed merger with IGT's gaming divisions.
Worse than expected
Capital raise
Annual Reports (10-K)
Everi Holdings' 2024 results reflect a decrease in revenue and operating income, influenced by macro-economic factors and transaction-related costs, as the company anticipates being acquired by Apollo.
Worse than expected
Everi Holdings Inc. released its 10-K report for fiscal year 2023, detailing its financial performance, business segments, and strategic initiatives in the gaming and financial technology sectors.
Capital raise
Worse than expected
Insider Trading (Form 4)
Everi Holdings Inc. Director Linster W. Fox converted all his stock options and restricted stock units into cash payments totaling $14.25 per share, effective July 1, 2025, as a result of the company's acquisition by Voyager Parent, LLC.
Mark F. Labay, EVP and CFO of Everi Holdings Inc., has disposed of all his beneficial ownership in the company's securities following its acquisition by Voyager Parent, LLC at $14.25 per share.
David Lucchese, Everi Holdings Inc.'s EVP of Sales and Marketing, has reported the disposition of all his equity holdings, including common stock, stock options, and restricted and performance stock units, as a result of the company's acquisition by Voyager Parent, LLC at $14.25 per share.
Darren Simmons, EVP of FinTech Business Leader at Everi Holdings Inc., disposed of all his beneficial ownership in the company's common stock and equity awards following its acquisition by a subsidiary of International Game Technology PLC.
Everi Holdings Inc.'s EVP, Chief Legal Officer, Kate C. Lowenhar-Fisher, disposed of all her common stock, restricted stock units, and performance stock units as Everi became a wholly-owned subsidiary of Voyager Parent, LLC, with shares converted to $14.25 cash per share.
Atul Bali, a Director at Everi Holdings Inc., reported the conversion of his Restricted Stock Units into cash payments as Everi became a wholly-owned subsidiary of Voyager Parent, LLC.
Proxy Statements (Def-14A)
Everi Holdings Inc. announces its 2025 Annual Meeting of Stockholders to be held on May 21, 2025, featuring proposals including director elections, executive compensation approval, and auditor ratification.
Worse than expected
Everi Holdings issues a supplement to its proxy statement to address stockholder lawsuits and provide additional disclosures related to the proposed transaction with International Game Technology PLC (IGT).
DEFM14A: Everi Holdings Stockholders to Vote on $1.6 Billion Merger Agreement with IGT and Apollo Funds
Everi Holdings Inc. is seeking stockholder approval for its merger agreement with International Game Technology PLC and Voyager Parent, LLC, which includes a cash payment of $14.25 per share.
Capital raise
Everi Holdings Inc. will be acquired by a newly formed holding company owned by Apollo Global Management affiliates, with shareholders receiving $14.25 per share in cash.
Apollo Funds will acquire IGT's Gaming & Digital business and Everi in an all-cash transaction, valuing the combined businesses at approximately $6.3 billion, with Everi stockholders receiving $14.25 per share.
Better than expected
Everi Holdings Inc. has entered into definitive agreements to be acquired by the Apollo Funds, who will simultaneously acquire IGT's Gaming & Digital business, with the transaction expected to close by the end of the third quarter of 2025.
Schedule 13G - Passive Investments
Barclays PLC has disclosed a passive 4.05% ownership stake in Everi Holdings Inc. common stock as of June 30, 2025.
Glazer Capital, LLC and its managing member Paul J. Glazer have disclosed a passive beneficial ownership of 5.66% in Everi Holdings Inc., totaling 4,917,214 shares of common stock.
Barclays PLC has filed a Schedule 13G, revealing a beneficial ownership of 5.88% of the common stock of Everi Holdings Inc., held in the ordinary course of business.