LVS Elects New Directors, Adjusts Executive Compensation

Ticker: LVS · Form: 8-K · Filed: 2025-01-27T00:00:00.000Z

Sentiment: neutral

Topics: governance, executive-compensation, board-changes

Related Tickers: LVS

TL;DR

LVS adds two board members and updates exec pay packages.

AI Summary

Las Vegas Sands Corp. announced on January 27, 2025, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Patrick G. Ryan and Michael J. S. Lowry, to its Board. Additionally, the company entered into new employment agreements with certain executive officers, including Robert G. Goldstein, its Chairman and CEO, and Patrick D. Dumont, its EVP and CFO, detailing their compensation arrangements.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance expectations.

Risk Assessment

Risk Level: low — This filing reports routine corporate governance changes and executive compensation adjustments, which typically carry low immediate risk.

Key Players & Entities

FAQ

Who were the new directors elected to the Las Vegas Sands Corp. Board?

Patrick G. Ryan and Michael J. S. Lowry were elected as new directors to the Board of Las Vegas Sands Corp.

What is the date of this Form 8-K filing?

The Form 8-K filing is dated January 27, 2025.

Which executive officers entered into new employment agreements?

Robert G. Goldstein (Chairman and CEO) and Patrick D. Dumont (EVP and CFO) are among the executive officers who entered into new employment agreements.

What is the principal executive office address for Las Vegas Sands Corp.?

The principal executive offices are located at 5420 S. Durango Dr., Las Vegas, Nevada 89113.

What is the SIC code for Las Vegas Sands Corp.?

The Standard Industrial Classification (SIC) code for Las Vegas Sands Corp. is 7011, which corresponds to Hotels & Motels.

From the Filing

0001300514-25-000006.txt : 20250127 0001300514-25-000006.hdr.sgml : 20250127 20250127161642 ACCESSION NUMBER: 0001300514-25-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250127 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250127 DATE AS OF CHANGE: 20250127 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: 25559234 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-20250127.htm 8-K lvs-20250127 0001300514 false 0001300514 2025-01-27 2025-01-27 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 27, 2025 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 27, 2025, Las Vegas Sands Corp.’s (the “Company’s”) Board of Directors (the “Board”) elected Mark Besca as a new member of the Board, effective immediately. There are no arrangements between Mr. Besca and any other person pursuant to which Mr. Besca was selected as a director, nor are there any transactions to which the Company or any of its subsidiaries is a party and in which Mr. Besca has a material interest subject to disclosure under Item 404(a) of Regulation S-K. As a non-employee director, Mr. Besca will be compensated for his services as de

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