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Accel Entertainment, Inc.

For the period ended Dec 31, 2025. Filed Mar 19, 2026.

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About this filing

What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

Dec 31, 2025 · Filed Mar 19, 2026

ACEL$13.72-0.4%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of

the Securities Exchange Act of 1934

(Amendment No.)

Filed by the Registrant xFiled by a Party other than the Registrant ¨
Check the appropriate box:
¨Preliminary Proxy Statement
¨Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
xDefinitive Proxy Statement
¨Definitive Additional Materials
¨Soliciting Material under §240.14a-12
ACCEL ENTERTAINMENT, INC.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
xNo fee required.
¨Fee paid previously with preliminary materials.
¨Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

March 19, 2026

Dear Accel Entertainment Stockholders:

You are cordially invited to attend the 2026 Annual Meeting of Stockholders of Accel Entertainment, Inc. (the “Annual Meeting”), which will be held on Thursday, May 7, 2026, at 1:00 p.m., Central Time. We intend to hold our annual meeting virtually, and the meeting will be accessible on the following website: http://www.virtualshareholdermeeting.com/ACEL2026.

It is important that you retain a copy of the control number found on the proxy card, voting instruction form or Notice of Internet Availability of Proxy Materials, as such number will be required for our stockholders to gain access to any meeting held solely by means of remote communication.

At the Annual Meeting, we will ask you to:

  1. Elect to our Board the following nominees for terms expiring at our 2027 Annual Meeting of Stockholders: Karl Peterson, Kathleen Philips, Doris M. Robinson, Kenneth B. Rotman, Andrew Rubenstein and Bruce D. Wardinski (“Proposal 1”);

  2. Approve, on a non-binding advisory basis, the compensation of our named executive officers (“Proposal 2”);

  3. Ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2026 (“Proposal 3”); and

  4. To consider such other business as may properly come before the meeting or any adjournment or postponement thereof.

Alongside our incumbent director nominees, the Board has nominated Bruce D. Wardinski for election to the Board. Mr. Wardinski brings extensive leadership experience in the hospitality and real estate sectors, including serving as Chairman and Chief Executive Officer of Playa Hotels & Resorts N.V. and holding board leadership roles at several public hotel real estate investment trusts. His background as a founder and CEO, combined with his financial and strategic expertise and extensive knowledge of the hospitality industry will add valuable perspective to our Board.

We have elected to provide access to the proxy materials over the internet, other than to those stockholders who requested a paper copy, under the Securities and Exchange Commission’s “notice and access” rules to reduce the environmental impact and cost of our Annual Meeting. However, if you would prefer to receive paper copies of our proxy materials, please follow the instructions included in the Notice of Internet Availability of Proxy Materials.

Whether or not you attend the Annual Meeting, it is important that your shares be represented and voted at the meeting. Therefore, we urge you to promptly vote and submit your proxy via the internet, by telephone, or by mail, in accordance with the instructions included in the proxy materials.

On behalf of the board of directors, we would like to thank you for your continued interest and investment in Accel Entertainment, Inc.

Sincerely,

/s/ Andrew Rubenstein

Andrew Rubenstein

President, Chief Executive Officer and Chairman

ACCEL ENTERTAINMENT, INC.

NOTICE OF 2026 ANNUAL MEETING OF STOCKHOLDERS

Time and Date:Thursday, May 7, 2026, at 1:00 p.m., Central Time.
Place:Virtual only: http://www.virtualshareholdermeeting.com/ACEL2026
Items of Business:(1)Elect to our Board the following nominees for terms expiring at our 2027 Annual Meeting of Stockholders: Karl Peterson, Kathleen Philips, Doris M. Robinson, Kenneth B. Rotman, Andrew Rubenstein and Bruce D. Wardinski (“Proposal 1”);
(2)To approve, on a non-binding advisory basis, the compensation of our named executive officers (“Proposal 2”);
(3)To ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2026 (“Proposal 3”); and
Adjournments andPostponements:Any action on the items of business described above may be considered at the Annual Meeting at the time and on the date specified above or at any time and date to which the Annual Meeting may be properly adjourned or postponed.
Record Date:Holders of record of our Class A-1 common stock as of the close of business on March 13, 2026, will be entitled to notice of, and to vote at, the Annual Meeting.
Voting:Your vote is very important. All stockholders as of the record date are cordially invited to attend the Annual Meeting and vote. To assure your representation at the meeting, however, we urge you to vote by proxy as promptly as possible over the Internet or by phone as instructed in the Notice of Internet Availability of Proxy Materials or, if you receive paper copies of the proxy materials by mail, you can also vote by mail by following the instructions on the proxy card. You may vote during the meeting even if you have previously returned a proxy.

By Order of the Board of Directors,

/s/ Scott Levin

Scott Levin

Chief Legal Officer and Secretary

This Notice of Annual Meeting and the accompanying proxy statement and form of proxy are being distributed and made available on or about March 19, 2026.

Important Notice Regarding the Availability of Proxy Materials for the StockholderMeeting to be held on May 7, 2026.The proxy statement and our 2025 Annual Report to Stockholders, which includes our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, are available at www.proxyvote.com and at www.accelentertainment.com on the “Investor Relations” page.

TABLE OF CONTENTS

PROXY STATEMENT SUMMARY5
GENERAL INFORMATION6
CORPORATE GOVERNANCE11
Our Board11
Board Structure14
Board Leadership Structure14
The Board’s Role in Risk Oversight15
Hedging and Pledging Policy15
Board Participation15
Director Independence16
Code of Business Conduct and Ethics16
Board Committees16
Identifying and Evaluating Director Candidates18
Availability of Corporate Governance Information19
Communications with our Board of Directors20
PROPOSAL 1: ELECTION OF DIRECTORS21
DIRECTOR COMPENSATION22
EXECUTIVE OFFICERS23
Compensation Committee Interlocks and Insider Participation25
EXECUTIVE COMPENSATION26
Compensation Discussion and Analysis26
Compensation Committee Report39
2025 Summary Compensation40
2025 Grants of Plan-Based Awards41
2025 Outstanding Equity Awards at Fiscal Year-End42
2025 Stock Option Exercises and Stock Vested44
Employment Agreements44
Potential Payments Upon Termination or Change-In-Control47
Chief Executive Officer Pay Ratio49
Pay Versus Performance49
PROPOSAL 2: ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS55
REPORT OF THE AUDIT COMMITTEE56
PROPOSAL 3: RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM57
EQUITY COMPENSATION PLAN INFORMATION59
DELINQUENT SECTION 16(A) REPORTS60
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT61
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS63
DEADLINE FOR RECEIPT OF STOCKHOLDER PROPOSALS64
OTHER MATTERS65
ContentsView on SEC.gov

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