LVS: Officer Compensation & Board Changes Reported in 8-K

Ticker: LVS · Form: 8-K · Filed: 2024-01-18T00:00:00.000Z

Sentiment: neutral

Topics: compensatory-arrangements, board-changes, officer-changes

TL;DR

**LVS just filed an 8-K about executive pay and potential board changes, keep an eye on leadership.**

AI Summary

Las Vegas Sands Corp. filed an 8-K on January 18, 2024, reporting an event that occurred on January 15, 2024. The filing indicates a change in the company's compensatory arrangements for certain officers, as well as potential changes in directors or officers. This matters to investors because executive compensation and board composition can influence company strategy, financial performance, and overall governance, directly impacting the stock's long-term value.

Why It Matters

Changes in executive compensation and board structure can signal shifts in company priorities or leadership stability, which are crucial for investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in executive compensation and board composition can introduce uncertainty regarding future leadership and strategic direction, posing a moderate risk to investors.

Analyst Insight

A smart investor would monitor subsequent filings or company announcements for specific details regarding the changes in compensatory arrangements or any new appointments/departures of directors or officers, as these can impact future company strategy and performance.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 15, 2024.

What specific items are covered in this 8-K filing according to the 'ITEM INFORMATION' section?

The 'ITEM INFORMATION' section indicates that the filing covers 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'.

What is the trading symbol and exchange for Las Vegas Sands Corp.'s Common Stock?

Las Vegas Sands Corp.'s Common Stock has the trading symbol LVS and is registered on the New York Stock Exchange.

What is the state of incorporation for Las Vegas Sands Corp.?

Las Vegas Sands Corp. is incorporated in Nevada.

When was this 8-K filing filed with the SEC?

This 8-K filing was filed with the SEC on January 18, 2024.

From the Filing

0001300514-24-000003.txt : 20240118 0001300514-24-000003.hdr.sgml : 20240118 20240118161102 ACCESSION NUMBER: 0001300514-24-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20240115 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240118 DATE AS OF CHANGE: 20240118 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LAS VEGAS SANDS CORP CENTRAL INDEX KEY: 0001300514 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 270099920 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32373 FILM NUMBER: 24541922 BUSINESS ADDRESS: STREET 1: 5420 S. DURANGO DRIVE CITY: LAS VEGAS STATE: NV ZIP: 89113 BUSINESS PHONE: 702-923-9000 MAIL ADDRESS: STREET 1: 5420 S. DURANGO DRIVE CITY: LAS VEGAS STATE: NV ZIP: 89113 8-K 1 lvs-20240115.htm 8-K lvs-20240115 0001300514 false 0001300514 2024-01-15 2024-01-15 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)         January 15, 2024 LAS VEGAS SANDS CORP. (Exact name of registrant as specified in its charter) Nevada (State or other jurisdiction of incorporation) 001-32373 27-0099920 (Commission File Number) (IRS Employer Identification No.)     5420 S. Durango Dr. Las Vegas, Nevada 89113 (Address of principal executive offices) (Zip Code) ( 702 ) 923-9000 (Registrant's Telephone Number, Including Area Code) 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 ( see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock ($0.001 par value) LVS New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 13, 2024, Nora Jordan notified Las Vegas Sands Corp. (the “Company”) that, effective January 22, 2024, she is resigning from the Company’s Board of Directors (the “Board”). Ms. Jordan’s resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. On January 13, 2024, David Levi notified the Company that, effective January 22, 2024, he is resigning from the Company’s Board. Mr. Levi’s resignation was not the result of any disagreement with the Company

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