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MGM Resorts International

MGM Resorts Appoints New Chief Legal Officer

| 8-K |Consumer Cyclical

Summary

On January 15, 2026, MGM Resorts International appointed John McManus as Chief Legal and Administrative Officer and Secretary, effective as of January 1, 2026. The Employment Agreement provides for a term until December 31, 2029 with a minimum base salary of $1,000,000 per year, an annual target bonus equal to 150% of his base salary, equity grants, and various severance and non-compete terms.

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About MGM Resorts International

MGM Resorts International operates as a global hospitality and entertainment company, known for its luxury accommodations, high-profile casino resorts, and vibrant live entertainment options. The company's primary function revolves around offering unparalleled leisure experiences through its integrated resort offerings, which include numerous world-renowned properties such as the Bellagio, MGM Grand, and Mandalay Bay located in Las Vegas. MGM Resorts International also extends its influence beyond gaming and hospitality with ventures into gastronomy, retail, and convention services, thereby impacting sectors like tourism, real estate, and gastronomy. The firm plays a significant role in the leisure and hospitality industry, both within the United States and internationally, with properties in Asia and plans for future developments. MGM Resorts is crucial for the economy of entertainment hubs, contributing to employment and regional economic activity. As a prominent player in the gaming and resort space, it continuously adapts to industry trends, such as leveraging digital solutions and expanding online gaming platforms, further cementing its standing in the dynamic landscape of global hospitality.

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