0001437749-12-012925.txt : 20121217 0001437749-12-012925.hdr.sgml : 20121217 20121217122044 ACCESSION NUMBER: 0001437749-12-012925 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20121214 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20121217 DATE AS OF CHANGE: 20121217 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SHFL entertainment Inc. CENTRAL INDEX KEY: 0000718789 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990] IRS NUMBER: 411448495 STATE OF INCORPORATION: MN FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20820 FILM NUMBER: 121267940 BUSINESS ADDRESS: STREET 1: 1106 PALMS AIRPORT DRIVE CITY: LAS VEGAS STATE: NV ZIP: 89119 BUSINESS PHONE: 7028977150 MAIL ADDRESS: STREET 1: 1106 PALMS AIRPORT DRIVE CITY: LAS VEGAS STATE: NV ZIP: 89119 FORMER COMPANY: FORMER CONFORMED NAME: SHUFFLE MASTER INC DATE OF NAME CHANGE: 19960126 8-K 1 shfl_8k-121412.htm FORM 8-K shfl_8k-121412.htm
 
United States
Securities and Exchange Commission
Washington, D.C.  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):  December 14, 2012


SHFL entertainment, Inc.
(Exact name of registrant as specified in its charter)


Minnesota
(State or Other Jurisdiction
of Incorporation or Organization)
0-20820
(Commission File Number)
41-1448495
(IRS Employer Identification No.)
 
 
1106 Palms Airport Drive, Las Vegas, Nevada 89119
(Address of Principal Executive Offices)
 
 
Registrant’s Telephone Number, Including Area Code: (702) 897-7150

 
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 communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 
 
Item 5.02  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 14, 2012, SHFL entertainment, Inc. (NASDAQ Global Select Market: SHFL) (the "Company"), entered into a First Amendment to that certain Employment Agreement dated as of March 16, 2011, between the Company and Michael Gavin Isaacs.

The First Amendment extends the term of Mr. Isaacs employment an additional two years to April 1, 2016, unless otherwise terminated earlier in accordance with the provisions of the Employment Agreement. In addition, effective as of January 12, 2013, Mr. Isaacs' Annual Base Salary shall be increased to $650,000 per year.

The First Amendment to the Employment Agreement for Mr. Isaacs is furnished as Exhibit 10.1 to this report.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits
 
10.1  
First Amendment to the Employment Agreement dated as of December 14, 2012, by and between SHFL entertainment, Inc. and Michael Gavin Isaacs.

 
 
 

SIGNATURE


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 thereunto duly authorized.

 
 
SHFL entertainment, Inc.
 
(Registrant)
   
 
Date: December 17, 2012
   
 
/s/ MICHAEL GAVIN ISAACS
 
Michael Gavin Isaacs
 
Chief Executive Officer
 
 EX-10.1 2 ex10-1.htm EXHIBIT 10.1 ex10-1.htm
 
Exhibit 10.1
 
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

Michael Gavin Isaacs


This First Amendment (the “Amendment”), is made and entered into as of this 14th day of December, 2012, and is an amendment to that certain Employment Agreement (the “Employment Agreement”), dated as of March 16, 2011, between SHFL entertainment, Inc., formerly known as Shuffle Master, Inc., a Minnesota corporation (the “Company”), and Michael Gavin Isaacs, resident of Nevada (“Executive”).  All capitalized terms used in this Amendment and not otherwise defined herein shall have the same meaning as in the Employment Agreement.

For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and Executive hereby agree as follows:

1.           The Initial Term as specified in Section I of the Agreement is hereby amended to extend the Initial Term for an additional two (2) years.  The Initial Term shall end on April 1, 2016.

2.           Effective as of January 12, 2013, the Annual Base Salary set out in Section III (A) of the Agreement shall be increased to $650,000 per year.

3.           Except as expressly amended hereby, the Employment Agreement, as amended hereby, is hereby confirmed and ratified by the parties as being and remaining in full force and effect, according to its terms and conditions, and without any further amendments or modifications.


EMPLOYER:
  
EXECUTIVE:
     
SHFL entertainment, Inc.
    
     
By:
/s/ GARRY W. SAUNDERS
  
/s/ MICHAEL GAVIN ISAACS
 
Garry W. Saunders
  
Michael Gavin Isaacs
Its:
Chairman
    

 
 
APPROVED:
    
 
Compensation Committee
    
     
By:
/s/ DANIEL M. WADE
    
 
Daniel M. Wade
    
Its:
Chairman