---
schema_version: "secwatch.filing_event.v1"
accession: "0000789570-26-000010"
form_type: "8-K"
ticker: "MGM"
cik: "0000789570"
company_name: "MGM Resorts International"
filed_at: "2026-01-16T23:59:59+00:00"
generated_at: "2026-05-16T10:00:52.643951+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# MGM Resorts enters employment agreement with Chief Legal & Admin Officer John McManus through 2029

## Summary
- Base salary $1M, target bonus 150% of base, annual equity target $2.5M (50% PSUs, 50% RSUs).
- Term from Jan 1, 2026 to Dec 31, 2029; at-will after term.
- Severance: if terminated without cause, receives salary + target bonus as 12 monthly payments plus COBRA.
- Non-compete for 12 months post-termination; confidentiality and non-solicitation obligations.
- Incremental bonus over 150% target paid as deferred RSUs over 3 years.

## SEC filing metadata
- accession: 0000789570-26-000010
- form_type: 8-K
- ticker: MGM
- cik: 0000789570
- company_name: MGM Resorts International
- filed_at: 2026-01-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789570/000078957026000010/0000789570-26-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789570/000078957026000010/mgm-20260115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000789570-26-000010
- JSON: https://secwatch.observer/filing/0000789570-26-000010.json
- Plain text: https://secwatch.observer/filing/0000789570-26-000010.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.