MGM Resorts said on August 21, 2024 that its board increased the number of directors from 11 to 12 and appointed Keith Barr as a director. Barr was also appointed to the Audit Committee. Other committee assignments will be determined later.

1. 01

   MGM Resorts said on August 21, 2024 that its board increased the number of directors from 11 to 12 and appointed Keith Barr as a director. Barr was also appointed to the Audit Committee. Other committee assignments will be determined later.

2. 02

   The company said Barr will receive the same cash and equity compensation as the other independent directors, and that the annual retainer for him and the other independent directors was raised to $100,000 after the annual meeting on May 1, 2024. Barr also received a pro-rated restricted stock unit grant with a target value of $161,250.

3. 03

   The company said the restricted stock units vest on the earlier of the 1st anniversary of the grant date or the date of the next annual meeting. It said there is no arrangement or understanding between Barr and any other person regarding his selection as a director, and no related party transactions requiring disclosure under Item 404(a).

4. 04

   The company said in its press release that Barr has more than 30 years of hospitality experience, served as CEO of IHG Hotels & Resorts from 2017 to 2023, and served as IHG's Chief Commercial Officer from 2013 to 2017.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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