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EX-10.1 - EX-10.1 - GOLDEN ENTERTAINMENT, INC.c63635exv10w1.htm
 
 
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): March 17, 2011
Lakes Entertainment, Inc.
(Exact name of registrant as specified in its charter)
         
Minnesota   0-24993   41-1913991
         
(State or other jurisdiction of
incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)
     
130 Cheshire Lane, Suite 101, Minnetonka, Minnesota   55305
     
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code: (952) 449-9092
Not Applicable
(Former name or former address, if changed since last report)
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 1.01. Entry into a Material Definitive Agreement.
          On March 17, 2011, Lakes Entertainment, Inc. (“Lakes”) and the Louisiana Department of Revenue (“LDR”) entered into a Settlement Agreement (“Agreement”) relating to a lawsuit commenced by the LDR pertaining to the corporate franchise and income taxes Lakes paid in Louisiana for the periods 1998 through 2002. Pursuant to the Agreement, Lakes agreed to pay the LDR $9.0 million in full and final payment related to the matter and the tax periods at issue. In return, the LDR agreed to dismiss the suit and forever discharge Lakes from all proceedings and liabilities relating to the matter.
A copy of the agreement is attached as Exhibit 10.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
  (a)   Not Applicable
 
  (b)   Not Applicable
 
  (c)   Not Applicable
 
  (d)   Exhibits
     
10.1
  Settlement Agreement between Lakes Entertainment, Inc. and Cynthia Bridges, Secretary of the Department of Revenue, State of Louisiana, effective March 17, 2011.
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.
         
  LAKES ENTERTAINMENT, INC.
(Registrant)
 
 
Date: March 23, 2011  /s/ Timothy J. Cope    
  Name:   Timothy J. Cope   
  Title:   President and Chief Financial Officer