leadership
confidence high
sentiment neutral
materiality 0.50
MGM Resorts enters new employment contracts with CFO Halkyard and CCO Fritz
MGM Resorts International
- CFO Halkyard gets $1.25M base, 150% target bonus, and $3.125M annual equity grants through 2028.
- CCO Fritz gets $1.5M base, 175% target bonus, and $4.5M annual equity grants through 2027; plus 25,000 RSUs on Oct 1, 2025.
- Both agreements run from Oct 1, 2025 (Halkyard through Sep 2029, Fritz through Sep 2028).
- Severance on non-cause termination: 12 months of base salary plus target bonus, COBRA subsidy, and 12-month non-compete.
- Fritz also eligible for up to $2.5M in performance-based incentives tied to BetMGM EBITDA and digital launch.
item 5.02item 9.01