MGM Resorts International Files Definitive Proxy Statement (DEF 14A)

Ticker: MGM · Form: DEF 14A · Filed: Mar 22, 2024 · CIK: 789570

Mgm Resorts International DEF 14A Filing Summary
FieldDetail
CompanyMgm Resorts International (MGM)
Form TypeDEF 14A
Filed DateMar 22, 2024
Risk Levelmedium
Pages15
Reading Time18 min
Key Dollar Amounts$2.0 billion, $6.8 billion, $0.01
Sentimentneutral

Sentiment: neutral

Topics: MGM Resorts, DEF 14A, Proxy Statement, Executive Compensation, Corporate Governance

TL;DR

<b>MGM Resorts International has filed its Definitive Proxy Statement (DEF 14A) for the period ending May 1, 2024.</b>

AI Summary

MGM Resorts International (MGM) filed a Proxy Statement (DEF 14A) with the SEC on March 22, 2024. MGM Resorts International filed a DEF 14A form on March 22, 2024. The filing covers the period ending May 1, 2024. The company's fiscal year ends on December 31. MGM Resorts International was formerly known as MGM MIRAGE and MGM GRAND INC. The filing includes data related to executive compensation and equity awards for fiscal years 2020, 2021, and 2022.

Why It Matters

For investors and stakeholders tracking MGM Resorts International, this filing contains several important signals. This filing provides crucial details on executive compensation, shareholder proposals, and corporate governance matters, which are essential for investors to make informed decisions. As a DEF 14A filing, it contains information about the company's board of directors, executive officers, and their compensation, as well as details on any proposed amendments to the company's charter or bylaws.

Risk Assessment

Risk Level: medium — MGM Resorts International shows moderate risk based on this filing. The filing is a routine DEF 14A, which is standard for publicly traded companies and does not inherently indicate significant positive or negative developments, but requires careful review of disclosed executive compensation and governance details.

Analyst Insight

Review the executive compensation details and any shareholder proposals within the DEF 14A to understand potential impacts on corporate governance and shareholder value.

Key Numbers

Key Players & Entities

FAQ

When did MGM Resorts International file this DEF 14A?

MGM Resorts International filed this Proxy Statement (DEF 14A) with the SEC on March 22, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by MGM Resorts International (MGM).

Where can I read the original DEF 14A filing from MGM Resorts International?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by MGM Resorts International.

What are the key takeaways from MGM Resorts International's DEF 14A?

MGM Resorts International filed this DEF 14A on March 22, 2024. Key takeaways: MGM Resorts International filed a DEF 14A form on March 22, 2024.. The filing covers the period ending May 1, 2024.. The company's fiscal year ends on December 31..

Is MGM Resorts International a risky investment based on this filing?

Based on this DEF 14A, MGM Resorts International presents a moderate-risk profile. The filing is a routine DEF 14A, which is standard for publicly traded companies and does not inherently indicate significant positive or negative developments, but requires careful review of disclosed executive compensation and governance details.

What should investors do after reading MGM Resorts International's DEF 14A?

Review the executive compensation details and any shareholder proposals within the DEF 14A to understand potential impacts on corporate governance and shareholder value. The overall sentiment from this filing is neutral.

How does MGM Resorts International compare to its industry peers?

MGM Resorts International operates in the hospitality and entertainment industry, primarily focused on casino resorts.

Are there regulatory concerns for MGM Resorts International?

As a publicly traded company, MGM Resorts International is subject to SEC regulations and reporting requirements, including the filing of DEF 14A statements.

Industry Context

MGM Resorts International operates in the hospitality and entertainment industry, primarily focused on casino resorts.

Regulatory Implications

As a publicly traded company, MGM Resorts International is subject to SEC regulations and reporting requirements, including the filing of DEF 14A statements.

What Investors Should Do

  1. Analyze executive compensation packages and incentive structures disclosed in the DEF 14A.
  2. Review any shareholder proposals and management's recommendations on voting matters.
  3. Assess the company's corporate governance practices as outlined in the filing.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard annual disclosure for public companies and does not represent a change from previous filings of the same type.

Filing Stats: 4,607 words · 18 min read · ~15 pages · Grade level 15 · Accepted 2024-03-22 06:06:23

Key Financial Figures

Filing Documents

Security Ownership in our Subsidiaries

Security Ownership in our Subsidiaries 26 TRANSACTIONS WITH RELATED PERSONS 27 PROPOSALS REQUIRING YOUR VOTE 28 Proposal No. 1 Election of Directors 28 Proposal No. 2 Ratification of Selection of Independent Registered Public Accounting Firm 40 Audit and Non-Audit Fees 40 Pre-Approval Policies and Procedures 40 Audit Committee Report 41 Proposal No. 3 Advisory Vote to Approve Executive Compensation 42 Proposal No. 4 Advisory Vote on the Frequency of Advisory Vote on Executive Compensation 43 Proposal No. 5 Shareholder Proposal – Report to Shareholders on Risks Created by the Company's Diversity, Equity and Inclusion Efforts 44

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 47 Compensation Discussion and Analysis 47 Executive Summary 47 Compensation Practices at a Glance 50

Executive Compensation Process

Executive Compensation Process 50 Objectives of Our Compensation Program 52 Elements of Compensation 53 Other Compensation Matters 62 COMPENSATION TABLES 63 Summary Compensation Table 63 Grants of Plan-Based Awards 64 Outstanding Equity Awards at Fiscal Year-End 65 Option/SAR Exercises and Stock Vested 66 Nonqualified Deferred Compensation 67 Estimated Benefits Upon Termination 67 Employment Agreements 68 CEO PAY RATIO DISCLOSURE 72 PAY VERSUS PERFORMANCE 73 Pay vs. Performance Table 73 NOTICE CONCERNING STOCKHOLDER PROPOSALS AND NOMINATIONS 77 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

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