{"schema_version":"secwatch.filing_event.v1","accession":"0000789570-25-000023","form_type":"8-K","ticker":"MGM","cik":"0000789570","company_name":"MGM Resorts International","filed_at":"2025-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.279063+00:00","generated_at":"2026-05-22T06:07:11.630455+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"CEO Hornbuckle extends contract to Dec 2028; $8M signing bonus, $10M annual equity target","bullets":["New employment agreement extends term from Aug 2026 to Dec 31, 2028; base salary unchanged at $2M.","Target bonus increased to 250% of base; amounts above 150% paid in deferred RSUs vesting over 3 years.","One-time $8M cash signing bonus, subject to pro-rata repayment if termination before Dec 2028.","Annual equity grants of $10M expected (50% PSUs, 50% RSUs); also advisory role for Japan IR at $25k/month.","Severance: 1.5x base plus target bonus (12 monthly payments) plus 24 months COBRA if terminated without cause."],"urls":{"canonical":"https://secwatch.observer/filing/0000789570-25-000023","json":"https://secwatch.observer/filing/0000789570-25-000023.json","markdown":"https://secwatch.observer/filing/0000789570-25-000023.md","text":"https://secwatch.observer/filing/0000789570-25-000023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/789570/000078957025000023/0000789570-25-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/789570/000078957025000023/mgm-20250508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T06:07:11.630455+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}