UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

 

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):

September 2, 2008

 

BALLY TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

 

Nevada

 

0-4281

 

88-0104066

(State or other jurisdiction of
incorporation)

 

(Commission File Number)

 

(I.R.S. Employer
Identification No.)

 

 

 

 

 

6601 S. Bermuda Rd.
Las Vegas, Nevada
(Address of principal executive offices)

 

89119
(Zip Code)

 

Registrant’s telephone number, including area code:  (702) 584-7700

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


 

Item 5.02.              Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

(e)

 

On September 2, 2008, Bally Gaming, Inc., a wholly-owned subsidiary of Bally Technologies, Inc. (the “Company”), and Mr. Michael Gavin Isaacs, the Company’s Chief Operating Officer, entered into an amendment (the “Amendment”) to Mr. Isaac’s existing Letter Agreement dated as of June 19, 2006 (the “Original Agreement”).  Pursuant to the Amendment, effective as of September 1, 2008, Mr. Isaacs base salary was increased to $600,000 per year.  The Amendment also effected certain changes to the non-competition and non-solicitation covenants in the Original Agreement.

 

The foregoing summary is qualified in its entirety by reference to the complete text of the Amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

 

Item 9.01               Financial Statements and Exhibits.

 

(d) Exhibits

 

10.1                           First Amendment to Letter Agreement by and between Bally Gaming, Inc. and Michael Gavin Isaacs dated September 2, 2008.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

BALLY TECHNOLOGIES, INC.

 

 

 

 

 

By:

/s/ Mark Lerner

 

 

Mark Lerner, Secretary

 

 

 

 

 

 

Dated: September 5, 2008

 

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