CENTURY CASINOS INC /CO/ 8-K

What Happened
Century Casinos, Inc. filed an 8‑K on May 13, 2026 disclosing that it notified Andreas Terler (Executive VP, Operations – United States) and Nikolaus Strohriegel (Executive VP, Operations – Canada and Europe) on May 8, 2026 that their employment will be terminated effective May 15, 2026. Each executive will remain employed through September 15, 2026 to satisfy local notice requirements. The company treats both separations as terminations without cause. The 8‑K also announces that Vice President and General Manager Lyle Randolph will become Executive Vice President of Operations, United States, effective May 15, 2026 (press release attached as Exhibit 99.1).

Key Details

• Termination notices given May 8, 2026; effective date listed as May 15, 2026; continued employment through Sept 15, 2026 per local rules.
• Severance for each executive (subject to signing a customary release): (i) a cash payment equal to two times base salary plus the average of the executive’s bonuses for the last three years, paid in monthly installments over two years; and (ii) immediate vesting of unvested equity awards that are performance‑based (subject to satisfaction of performance goals).
• New appointment: Lyle Randolph named Executive VP, Operations – United States, effective May 15, 2026.

Why It Matters
These are material executive changes in Century Casinos’ regional operating leadership that could affect day‑to‑day operations in the U.S., Canada and Europe. The severance arrangements create a defined potential cash and equity impact (two years of cash payments and accelerated vesting for certain awards), though the filing does not disclose dollar amounts. Investors should note the leadership transition timing and the company’s designation of the departures as without cause; monitor subsequent disclosures for any operational updates or specific financial impacts.