LAS VEGAS SANDS CORP. (NYSE:LVS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
LAS VEGAS SANDS CORP. (NYSE:LVS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 6, 2017, the Board of Directors (the “Board”) of Las Vegas Sands Corp. (the “Company”) elected Lewis Kramer and Patrick Dumont as new members of the Board.
Mr. Kramer was elected as a Class I director whose term will expire in 2017. The Board also appointed Mr. Kramer as a member of its Audit Committee and its Nominating and Governance Committee. There are no arrangements between Mr. Kramer and any other person to which Mr. Kramer 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. Kramer has a material interest subject to disclosure under Item 404(a) of Regulation S-K. As a non-employee director, Mr. Kramer will be compensated for his services as described in the Company’s proxy statement for its 2016 annual meeting of stockholders, filed with the Securities and Exchange Commission on April 22, 2016 (the “2016 Proxy Statement”), under the heading “Director Compensation.”
Mr. Dumont, the Company’s Executive Vice President and Chief Financial Officer, was elected as a Class II director whose term will expire in 2018. As previously disclosed in the Current Report on Form 8-K filed on March 30, 2016, the Company entered into an employment agreement with Mr. Dumont that is effective as of January 1, 2016 and expires on December 31, 2020. Mr. Dumont is the son-in-law of Sheldon G. Adelson, the Company’s Chairman of the Board, Chief Executive Officer and Treasurer. For information regarding certain transactions involving Mr. Adelson and his family, please see the 2016 Proxy Statement under the heading “Certain Transactions – Other Transactions with Mr. Adelson and His Family.”
On April 6, 2017, Jason N. Ader informed the Company that he will resign from the Board, effective immediately.
About LAS VEGAS SANDS CORP. (NYSE:LVS)
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States. The Company’s principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States. In Macao, the Company’s segments are The Venetian Macao, Sands Cotai Central, Four Seasons Macao, Sands Macao and Other Asia (comprises the Company’s ferry operations and various other operations). In Singapore, the Company’s segment is Marina Bay Sands. In the United States, the Company’s segments are The Venetian Las Vegas, which includes the Sands Expo Center and The Palazzo, and Sands Bethlehem. It also offers players club loyalty programs at its properties, which provide access to rewards, privileges and members-only events. LAS VEGAS SANDS CORP. (NYSE:LVS) Recent Trading Information
LAS VEGAS SANDS CORP. (NYSE:LVS) closed its last trading session up +0.51 at 56.68 with 3,583,459 shares trading hands.
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States. The Company’s principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States. In Macao, the Company’s segments are The Venetian Macao, Sands Cotai Central, Four Seasons Macao, Sands Macao and Other Asia (comprises the Company’s ferry operations and various other operations). In Singapore, the Company’s segment is Marina Bay Sands. In the United States, the Company’s segments are The Venetian Las Vegas, which includes the Sands Expo Center and The Palazzo, and Sands Bethlehem. It also offers players club loyalty programs at its properties, which provide access to rewards, privileges and members-only events. LAS VEGAS SANDS CORP. (NYSE:LVS) Recent Trading Information
LAS VEGAS SANDS CORP. (NYSE:LVS) closed its last trading session up +0.51 at 56.68 with 3,583,459 shares trading hands.