Form 8-K - Current report
25 Janvier 2024 - 10:03PM
Edgar (US Regulatory)
0001300514false00013005142024-01-252024-01-25
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 25, 2024
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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) | |
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☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
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☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
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☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
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Securities registered pursuant to Section 12(b) of the Act: | |
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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 | |
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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). | |
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Emerging growth company | ☐ | | | | |
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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. | ☐ |
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ITEM 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On January 25, 2024, Las Vegas Sands Corp. (“LVSC”) and its wholly-owned subsidiary, Las Vegas Sands, LLC (together with LVSC, the “Company”), entered into a first amendment to the employment agreement (the “Amendment”) with Randy A. Hyzak, the Company’s Executive Vice President and Chief Financial Officer. The Amendment is effective as of January 1, 2024, and provides for an employment term that expires on December 31, 2029.
Pursuant to the Amendment, beginning in 2024, Mr. Hyzak will be eligible to receive a target annual cash bonus opportunity equal to 150% of his base salary and a target annual restricted stock unit award opportunity equal to 175% of his base salary. Upon a termination without cause or for good reason, and subject to his execution of a release of claims, Mr. Hyzak will be eligible to receive separation payments and benefits including cash severance paid over twelve months equal to the sum of his base salary and target annual cash bonus. The Amendment also includes a perpetual non-disparagement covenant. Mr. Hyzak’s existing employment agreement includes one-year non-competition and non-solicitation covenants and perpetual confidentiality and intellectual property covenants that will continue to apply.
The foregoing summary is qualified in its entirety by reference to the complete text of the Amendment, a copy of which will be filed with the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned, hereunto duly authorized.
Dated: January 25, 2024
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| | LAS VEGAS SANDS CORP. |
| By: | /S/ D. ZACHARY HUDSON |
| | Name: D. Zachary Hudson Title: Executive Vice President, Global General Counsel and Secretary |
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