Wynn Resorts Appoints New CEO, Billings Takes Helm

Ticker: WYNN · Form: 8-K · Filed: 2024-09-27T00:00:00.000Z

Sentiment: neutral

Topics: executive-change, leadership, appointment

Related Tickers: WYNN

TL;DR

Wynn Resorts just named Craig Billings the new CEO, effective immediately.

AI Summary

On September 26, 2024, Wynn Resorts, Limited announced the appointment of Craig Scott Billings as Chief Executive Officer and a member of the Board of Directors. This change is part of a broader executive transition, with Mr. Billings previously serving as President and Chief Financial Officer. The company also disclosed compensatory arrangements related to these executive changes.

Why It Matters

The appointment of a new CEO can signal a shift in company strategy and leadership, potentially impacting future performance and investor confidence.

Risk Assessment

Risk Level: medium — Executive leadership changes can introduce uncertainty and potential shifts in strategy, which may affect the company's future performance.

Key Players & Entities

FAQ

Who has been appointed as the new Chief Executive Officer of Wynn Resorts, Limited?

Craig Scott Billings has been appointed as the new Chief Executive Officer of Wynn Resorts, Limited.

When was this appointment effective?

The appointment was effective as of September 26, 2024.

In addition to CEO, what other role has Craig Scott Billings assumed?

Craig Scott Billings has also been appointed as a member of the Board of Directors.

What was Craig Scott Billings' previous role at Wynn Resorts?

Prior to his appointment as CEO, Craig Scott Billings served as President and Chief Financial Officer.

What type of information is disclosed regarding executive changes?

The filing discloses compensatory arrangements of certain officers in relation to the executive changes.

From the Filing

0001174922-24-000146.txt : 20240927 0001174922-24-000146.hdr.sgml : 20240927 20240927163824 ACCESSION NUMBER: 0001174922-24-000146 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240926 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240927 DATE AS OF CHANGE: 20240927 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WYNN RESORTS LTD CENTRAL INDEX KEY: 0001174922 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 460484987 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50028 FILM NUMBER: 241335466 BUSINESS ADDRESS: STREET 1: 3131 LAS VEGAS BOULEVARD SOUTH CITY: LAS VEGAS STATE: NV ZIP: 89109 BUSINESS PHONE: 7027707555 MAIL ADDRESS: STREET 1: 3131 LAS VEGAS BOULEVARD SOUTH CITY: LAS VEGAS STATE: NV ZIP: 89109 8-K 1 wynn-20240926.htm 8-K wynn-20240926 0001174922 false 0001174922 2024-09-26 2024-09-26 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): September 26, 2024   WYNN RESORTS, LIMITED (Exact name of registrant as specified in its charter)   Nevada 000-50028 46-0484987 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 3131 Las Vegas Boulevard South Las Vegas, Nevada 89109 (Address of principal executive offices) (Zip Code)                                  ( 702 ) 770-7555 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) 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, par value $0.01 WYNN Nasdaq Global Select Market 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: ☐      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)) 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 September 26, 2024, Ellen Whittemore, Executive Vice President, General Counsel and Secretary, notified Wynn Resorts, Limited (the “Company”) of her retirement, effective as of January 31, 2025. In connection with her retirement, Ms. Whittemore will be entitled to receive certa

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