MGM Resorts International Files 8-K on Director and Officer Changes

Ticker: MGM · Form: 8-K · Filed: 2025-05-08T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, executive-compensation, board-of-directors

Related Tickers: MGM

TL;DR

MGM board shakeup and exec pay changes filed. Watch for details.

AI Summary

On May 8, 2025, MGM Resorts International filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes the election of new directors and updates to compensatory arrangements for certain officers. Specific details regarding the individuals involved and the exact nature of the compensation changes were not elaborated upon in the provided text.

Why It Matters

Changes in a company's board of directors and executive compensation can signal shifts in strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in directorship and executive compensation can indicate internal shifts that may affect company strategy and performance.

Key Numbers

Key Players & Entities

FAQ

Who were the newly elected directors to the MGM Resorts International board?

The provided text does not specify the names of the newly elected directors.

What specific changes were made to the compensatory arrangements for certain officers?

The filing indicates updates to compensatory arrangements, but the specific details are not provided in the excerpt.

What is the primary reason for this 8-K filing?

The primary reasons for the filing are the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.

When was the report filed with the SEC?

The report was filed on May 8, 2025.

What is MGM Resorts International's principal executive office address?

The principal executive offices are located at 3600 Las Vegas Boulevard South, Las Vegas, Nevada 89109.

From the Filing

0000789570-25-000023.txt : 20250508 0000789570-25-000023.hdr.sgml : 20250508 20250508161526 ACCESSION NUMBER: 0000789570-25-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250508 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250508 DATE AS OF CHANGE: 20250508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MGM Resorts International CENTRAL INDEX KEY: 0000789570 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction EIN: 880215232 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10362 FILM NUMBER: 25926316 BUSINESS ADDRESS: STREET 1: 3600 LAS VEGAS BLVD S CITY: LAS VEGAS STATE: NV ZIP: 89109 BUSINESS PHONE: 702-693-7120 MAIL ADDRESS: STREET 1: 3600 LAS VEGAS BLVD S. CITY: LAS VEGAS STATE: NV ZIP: 89109 FORMER COMPANY: FORMER CONFORMED NAME: MGM MIRAGE DATE OF NAME CHANGE: 20000823 FORMER COMPANY: FORMER CONFORMED NAME: MGM GRAND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: GRAND NAME CO DATE OF NAME CHANGE: 19870713 8-K 1 mgm-20250508.htm 8-K mgm-20250508 0000789570 FALSE 0000789570 2025-05-08 2025-05-08   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): May 8, 2025 MGM Resorts International (Exact name of Registrant as Specified in its Charter) Delaware 001-10362 88-0215232 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 3600 Las Vegas Boulevard South , Las Vegas , Nevada   89109 (Address of principal executive offices – Zip Code) Registrant’s Telephone Number, Including Area Code: ( 702 ) 693-7120 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:   ☐ 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 (Par Value $0.01)   MGM   New York Stock Exchange NYSE Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CRF § 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CRF § 240.12b-2). 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 May 8, 2025, MGM Resorts International, a Delaware corporation (the “Company”), entered into an employment agreement with William Hornbuckle, President and Chief Executive Officer of the Company (the “Employment Agreement”), replacing Mr. Hornbuckle’s existing agreement, which was dated as of Se

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