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): August 8, 2005
0-13063
(Commission File Number)
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SCIENTIFIC GAMES CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 81-0422894
(State of Incorporation) (IRS Employer
Identification Number)
750 Lexington Avenue, New York, New York 10022
(Address of registrant's principal executive office)
(212) 754-2233
(Registrant's telephone number)
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Section 1 - Registrant's Business and Operations
Item 1.01. Entry into a Material Definitive Agreement.
On August 8, 2005, in connection with the employment of Steven Beason as
chief technology officer of Scientific Games International, Inc., a subsidiary
of Scientific Games Corporation (the "Company"), Mr. Beason was granted a stock
option to purchase 275,000 shares of the Company's common stock, at an exercise
price equal to the average of the high and low trading prices of the stock on
the preceding trading day, vesting in one-third increments on each of the first,
second and third anniversaries of his employment date. The stock option was
approved as an employment inducement grant pursuant to Nasdaq Marketplace Rule
4350 without stockholder approval.
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.
SCIENTIFIC GAMES CORPORATION
By: /s/ Martin E. Schloss
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Name: Martin E. Schloss
Title: Vice President, General Counsel
and Secretary
Date: August 11, 2005