Full House Resorts, Inc. Definitive proxy statements

Definitive proxy statements

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table


Pay Versus Performance
									Value of
									$100
									Initial
									Investment
									Based on:
					Average
					Summary		Average
					Compensation		Compensation
					Table Total		Actually Paid
	Summary				for Non-CEO		to Non-CEO
	Compensation		Compensation		Named		Named		Total
	Table Total for		Actually Paid		Executive		Executive		Shareholder		Net Loss
Year	CEO		to CEO⁽¹⁾		Officers⁽²⁾		Officers⁽³⁾		Return⁽⁴⁾		(in thousands)
2024	$	1,486,751	$	1,037,677	$	847,074	$	572,118	$	33.69	$	(40,672)
2023		1,248,010		841,840		783,176		550,263		136.64		(24,904)
2022		1,486,529		61,781		1,052,463		743,139		191.35		(14,804)

__________

(1)	Compensation actually paid to Mr. Lee for each of the fiscal years reported is calculated as follows:


	2024		2023		2022
Total compensation reported in Summary Compensation Table	$	1,486,751	$	1,248,010	$	1,486,529
Less: Grant date fair value of equity awarded in current year^(a)		(599,998)		(600,002)		(600,001)
Plus:
Fair value as of December 31 of awards granted during and outstanding at the end of the fiscal year		381,866		416,495		363,541
Change in fair value of outstanding awards granted in prior fiscal years^(b)		(75,655)		(208,454)		(775,963)
Vesting date fair value of equity awards granted and vested during the fiscal year		—		—		—
Change in fair value of awards granted in prior fiscal years and vested during the covered fiscal year^(c)		(37,287)		(14,209)		(412,325)
Earnings paid on unvested awards for dividends or other earnings		—		—		—
Less: Fair value as of December 31 of awards granted in prior fiscal years that did not meet vesting conditions		(118,000)		—		—
Compensation actually paid^(d)	$	1,037,677	$	841,840	$	61,781

__________

(a)

Includes time-based options and performance-based restricted shares, which do not vest during the fiscal year awarded.

(b)

Change in fair value from December 31 of the covered fiscal year compared to December 31 of the prior fiscal year. Each performance share included as part of the calculation represents a contingent right to receive one share of common stock, subject to satisfaction of certain performance metrics and vesting requirement. Amounts reported assume the performance metrics will be achieved at the target performance level, which is the most probable outcome as of the end of the fiscal year, unless otherwise noted. Interim values based on assumption of the most probable outcome may not ultimately reflect actual payouts.

(c)

Change in fair value from vesting date compared to December 31 of the prior fiscal year.

(d)

The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.

(2)	Named Executive Officers in the calculation for each of the fiscal years reported are as follows:


Year		Non-CEO NEOs
2022 - 2024		Lewis A. Fanger and John Ferrucci

(3)	Average compensation actually paid to non-CEO named executive officers reported on an average basis is calculated as follows:


	2024		2023		2022
Total compensation reported in Summary Compensation Table	$	847,074	$	783,176	$	1,052,463
Less: Grant date fair value of equity awarded in current year^(a)		(365,625)		(365,628)		(490,439)
Plus:
Fair value as of December 31 of awards granted during and outstanding at the end of the fiscal year		248,625		254,590		515,450
Change in fair value of outstanding awards granted in prior fiscal years^(b)		(61,577)		(129,760)		(128,828)
Vesting date fair value of equity awards granted and vested during the fiscal year		—		—		—
Change in fair value of awards granted in prior fiscal years and vested during the covered fiscal year^(c)		(11,810)		7,885		(205,507)
Earnings paid on unvested awards for dividends or other earnings		—		—		—
Less: Fair value as of December 31 of awards granted in prior fiscal years that did not meet vesting conditions		(84,569)		—		—
Compensation actually paid^(d)	$	572,118	$	550,263	$	743,139

__________

(a)

Includes time-based options, time-based restricted shares, and performance-based restricted shares, which do not vest during the fiscal year awarded.

(b)

(c)

Change in fair value from vesting date compared to December 31 of the prior fiscal year.

(d)

The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.

(4)	Assumes $100 was invested on December 31, 2021.

Named Executive Officers, Footnote

(2)	Named Executive Officers in the calculation for each of the fiscal years reported are as follows:


Year		Non-CEO NEOs
2022 - 2024		Lewis A. Fanger and John Ferrucci

PEO Total Compensation Amount

$ 1,486,751

$ 1,248,010

$ 1,486,529

PEO Actually Paid Compensation Amount

$ 1,037,677

841,840

61,781

Adjustment To PEO Compensation, Footnote

(1)	Compensation actually paid to Mr. Lee for each of the fiscal years reported is calculated as follows:


	2024		2023		2022
Total compensation reported in Summary Compensation Table	$	1,486,751	$	1,248,010	$	1,486,529
Less: Grant date fair value of equity awarded in current year^(a)		(599,998)		(600,002)		(600,001)
Plus:
Fair value as of December 31 of awards granted during and outstanding at the end of the fiscal year		381,866		416,495		363,541
Change in fair value of outstanding awards granted in prior fiscal years^(b)		(75,655)		(208,454)		(775,963)
Vesting date fair value of equity awards granted and vested during the fiscal year		—		—		—
Change in fair value of awards granted in prior fiscal years and vested during the covered fiscal year^(c)		(37,287)		(14,209)		(412,325)
Earnings paid on unvested awards for dividends or other earnings		—		—		—
Less: Fair value as of December 31 of awards granted in prior fiscal years that did not meet vesting conditions		(118,000)		—		—
Compensation actually paid^(d)	$	1,037,677	$	841,840	$	61,781

__________

(a)

Includes time-based options and performance-based restricted shares, which do not vest during the fiscal year awarded.

(b)

(c)

Change in fair value from vesting date compared to December 31 of the prior fiscal year.

(d)

The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.

Non-PEO NEO Average Total Compensation Amount

$ 847,074

783,176

1,052,463

Non-PEO NEO Average Compensation Actually Paid Amount

$ 572,118

550,263

743,139

Adjustment to Non-PEO NEO Compensation Footnote

(3)	Average compensation actually paid to non-CEO named executive officers reported on an average basis is calculated as follows:


	2024		2023		2022
Total compensation reported in Summary Compensation Table	$	847,074	$	783,176	$	1,052,463
Less: Grant date fair value of equity awarded in current year^(a)		(365,625)		(365,628)		(490,439)
Plus:
Fair value as of December 31 of awards granted during and outstanding at the end of the fiscal year		248,625		254,590		515,450
Change in fair value of outstanding awards granted in prior fiscal years^(b)		(61,577)		(129,760)		(128,828)
Vesting date fair value of equity awards granted and vested during the fiscal year		—		—		—
Change in fair value of awards granted in prior fiscal years and vested during the covered fiscal year^(c)		(11,810)		7,885		(205,507)
Earnings paid on unvested awards for dividends or other earnings		—		—		—
Less: Fair value as of December 31 of awards granted in prior fiscal years that did not meet vesting conditions		(84,569)		—		—
Compensation actually paid^(d)	$	572,118	$	550,263	$	743,139

__________

(a)

Includes time-based options, time-based restricted shares, and performance-based restricted shares, which do not vest during the fiscal year awarded.

(b)

(c)

Change in fair value from vesting date compared to December 31 of the prior fiscal year.

(d)

The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Tabular List, Table

Information Presented in the Pay versus Performance Table

We seek to align executive interests with all stakeholders by setting performance measures that provide a clear path to achieving long-term value. Because the Company generally places emphasis on long-term performance, compensation actually paid as disclosed in the table above may not specifically align with achievement of performance measures for a particular year.

Total Shareholder Return Amount

$ 33.69

136.64

191.35

Net Income (Loss)

$ (40,672,000)

(24,904,000)

(14,804,000)

PEO Name

Mr. Lee

PEO

Pay vs Performance Disclosure