CNTY · Century Casinos, Inc.

The appointment of Mitchell Etess as an independent director reflects governance evolution through Board expansion to six members, filling the vacancy immediately upon approval on May 6, 2026. This move, driven by the Governance and Nominating Committee's recommendation and tied to the Nomination Agreement with Brigade Capital Management, LP, introduces standstill protections limiting Brigade's influence on management, Board, or policies for nine months. Compensation aligns with standard non-employee director terms, emphasizing cash, equity, and per-application fees without committee roles yet assigned. The linked Side Letter Agreement positions Brigade to participate in a potential Dutch auction for up to $50 million of the Company's term loans under the 2022 Credit Agreement, though no auction is assured. No disclosed conflicts enhance the independence determination under Nasdaq and SEC standards, signaling measured investor alignment without immediate control shifts.