Accel Entertainment

Founder‑CEO Andy Rubenstein has led since formation and will transition to Chairman, with President of U.S. Gaming Mark Phelan set to assume CEO on August 7, 2026. The succession plan appears orderly.

Insider alignment is meaningful: as of March 13, 2026, Rubenstein beneficially owned about 10% of shares; major long‑term holders like Clairvest remain involved. The board has been declassified and governance mechanics are improving.

Execution risk exists through leadership transition and Chicago rollout, but the bench strength and continuity reduce risk. Auditor transition to Deloitte following KPMG also signals ongoing governance refresh.