-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TRZnznmAa2UKYsbuWrCHzAKs7I1TuZYlnsfLS8pevx8AkM6Wj86X/rikFhPwc4mF 8xNkMDHx3tg5Fp82e0ZtEg== 0000950124-07-001879.txt : 20070330 0000950124-07-001879.hdr.sgml : 20070330 20070330130537 ACCESSION NUMBER: 0000950124-07-001879 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070329 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20070330 DATE AS OF CHANGE: 20070330 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERISTAR CASINOS INC CENTRAL INDEX KEY: 0000912145 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 880304799 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22494 FILM NUMBER: 07731078 BUSINESS ADDRESS: STREET 1: 3773 HOWARD HUGHES PKWY STREET 2: SUITE 490 SOUTH CITY: LAS VEGAS STATE: NV ZIP: 89169 BUSINESS PHONE: 7025677000 MAIL ADDRESS: STREET 1: 3773 HOWARD HUGHES PKWY STREET 2: SUITE 490 SOUTH CITY: LAS VEGAS STATE: NV ZIP: 89169 8-K 1 v28832e8vk.htm FORM 8-K Ameristar Casinos, Inc.
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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): March 29, 2007
Ameristar Casinos, Inc.
 
(Exact name of registrant as specified in its charter)
         
Nevada   000-22494   880304799
         
(State or other jurisdiction
of incorporation) 		  (Commission
File Number) 		  (IRS Employer
Identification No.)
     
3773 Howard Hughes Parkway, Suite 490S,
Las Vegas, Nevada 		   89169
     
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code: (702) 567-7000
Not Applicable
 
(Former Name or Former Address, 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 (see General Instruction A.2. below):
 
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

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

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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e)(1) Adjustments to Executive Officer Salaries
On March 29, 2007, the Compensation Committee of our Board of Directors approved increases in 2007 annual base salaries for our executive officers. Effective January 1, 2007, the annual base salaries for these officers are as follows: John M. Boushy, Chief Executive Officer and President, $800,000; Gordon R. Kanofsky, Executive Vice President and Co-Chairman of the Board, $525,000; Peter C. Walsh, Senior Vice President and General Counsel, $400,000; and Thomas M. Steinbauer, Chief Financial Officer, $400,000.
(e)(2) 2007 Performance Goal and Bonus Opportunities for Executive Officers
On March 29, 2007, the Compensation Committee established the 2007 performance goal and bonus opportunities for Messrs. Boushy, Kanofsky, Walsh and Steinbauer for purposes of our Performance-Based Annual Bonus Plan (the “Bonus Plan”). The performance goal is a specified amount of 2007 consolidated earnings before interest, taxes, depreciation and amortization, as adjusted (EBITDA). The bonus opportunities are: Mr. Boushy - $800,000 (100% of base salary); Mr. Kanofsky - $446,250 (85% of base salary); Mr. Walsh - $300,000 (75% of base salary); and Mr. Steinbauer - $300,000 (75% of base salary). Actual bonuses paid under the Bonus Plan for 2007 will range from 0% to 200% of each executive officer’s base salary, depending on actual EBITDA as a percentage of the performance goal. The Bonus Plan does not preclude the Compensation Committee, acting in its discretion, from awarding any executive officer any additional cash bonus or other compensation.
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.
         
  Ameristar Casinos, Inc.
 		  
March 30, 2007 By:   /s/ Peter C. Walsh    
  Name: Peter C. Walsh  
  Title:   Senior Vice President and General Counsel  
 

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