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Accel Entertainment Announces CFO Transition

1. CFO Mathew Ellis resigns effective May 9, 2025, for personal interests. 2. Mark Phelan appointed acting CFO; permanent search underway.

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FAQ

Why Bearish?

CFO resignations often create uncertainty. Historical trends show stock declines post-CFO exits.

How important is it?

CFO changes typically raise investor concerns; this could impact ACEL's stock stability.

Why Short Term?

Immediate market reaction expected; uncertainty during transition period may affect stock price.

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CHICAGO--(BUSINESS WIRE)--Accel Entertainment, Inc. (NYSE: ACEL) (“Accel” or the “Company”) today announced that Mathew Ellis, Chief Financial Officer, has resigned, effective May 9, 2025, to pursue other business interests. Mark Phelan, Accel's President, U.S. Gaming, has been appointed as acting Chief Financial Officer upon Ellis' departure. The Company is undertaking a search to fill the CFO position on a permanent basis. “On behalf of our employees, executive management, and the board of di.

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