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Posted 16 December, 2021

Everi Holdings Inc. appointed Randy L. Taylor as new CEO

NYSE:EVRI appointed new Chief Executive Officer Randy L. Taylor in a 8-K filed on 16 December, 2021.


  Randy L. Taylor, age 59, has been appointed to the position of President and Chief Executive Officer.  

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Overview of Everi Holdings Inc.
Leisure/Arts/Hospitality • Gambling Industries
Everi Holdings, Inc. engages in the provision of technology solutions to the casino, interactive, and gaming industry. It operates through the Games and Financial Technology Solutions (FinTech) segments. The Games segment focuses on leased gaming equipment, sales of gaming equipment, gaming systems, interactive solutions, and ancillary products and services. The FinTech segment provides access to cash at gaming facilities via ATM cash withdrawals, credit card cash access transactions and point of sale debit card cash access transactions, check-related services, fully integrated kiosks and maintenance services, compliance, audit and data software, casino credit data, and reporting services and other ancillary offerings. The company was founded on February 4, 2004 and is headquartered in Las Vegas, NV.
Market Cap
$797M
View Company Details
Everi Holdings Inc. by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On December 15, 2021, Everi Holdings Inc. (the "Company") announced two executive leadership changes that will become effective on April 1, 2022. A copy of the press release announcing these changes is attached hereto as Exhibit 99.1.


Promotion of Randy L. Taylor and Appointment to the Board of Directors


Randy L. Taylor, age 59, has been appointed to the position of President and Chief Executive Officer. Mr. Taylor also has been appointed to the Board of Directors (the "Board), effective as of April 1, 2022. Mr. Taylor has served as the President and Chief Operating Officer since April 1, 2020. Mr. Taylor previously served as the Company's Executive Vice President, Chief Financial Officer and Treasurer from March 2014 through March 2020. 


In connection with this change, Mr. Taylor will enter into an amended and restated employment agreement with the Company (the "Amended and Restated Taylor Agreement"), effective as of April 1, 2022, which will reflect the change in title. Mr. Taylor will serve as the Company's Principal Executive Officer. The remaining terms of the Amended and Restated Taylor Agreement have not yet been determined by the Compensation Committee of the Board.


Mr. Taylor has no family relationship with any other director or executive officer of the Company, no arrangements or understandings with any other persons regarding their appointments, nor is he party to any related party transactions required to be reported pursuant to Item 404(a) of Regulation S-K.


Transition of Employment of Mr. Rumbolz


Michael D. Rumbolz, age 67, has been appointed to Executive Chairman of the Board. Mr. Rumbolz has served as the Company's Chief Executive Officer since April 1, 2020, and as President and Chief Executive Officer from May 2016 through March 2020. Mr. Rumbolz has also served as the Chairman of the Board since May 2021 and has served as a member of the Board since 2010. 


Mr. Rumbolz's existing amended and restated employment agreement with the Company will expire on March 31, 2022, and with the appointment of Mr. Taylor as President and Chief Executive Officer of the Company, Mr. Rumbolz will no longer serve in the capacity of Chief Executive Officer, effective as of April 1, 2022.