CEO Matt Maddox to step down Jan 31, 2022; Craig Billings named successor

WYNN RESORTS LTD

Maddox departs as CEO Jan 31, 2022; will remain on Wynn Macau and Wynn Interactive boards through 2022.
Craig Billings, currently CEO of Wynn Interactive and former CFO/President, becomes CEO and board member Feb 1.
Maddox receives $3M cash (18 months salary), pro-rata vesting of 82,238 restricted shares, and other benefits.
Billings receives $1.8M base salary, 200% target bonus, $5M initial restricted stock grant vesting over 3 years.
Board unanimously selected Billings; Satre praises Maddox's leadership through pandemic and board refreshment.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Craig Billings

Chief Executive Officer

WYNN · WYNN RESORTS LTD

Effective: 2022-02-01
Filed: November 9, 2021, 6:59 PM ET

Craig Billings, who has served as Chief Financial Officer of the Company since March 2017, and also served as President of the Company from May 2019 to May 2021, will become CEO of the Company and a member of the Board effective February 1, 2022.

Departed

Matt Maddox

Chief Executive Officer

WYNN · WYNN RESORTS LTD

Effective: 2022-01-31
Successor: Craig Billings
Filed: November 9, 2021, 6:59 PM ET

On November 9, 2021, Wynn Resorts, Limited (the “Company”) announced that Matt Maddox, CEO of the Company, will be leaving the Company as of January 31, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.98

Craig Billings was appointed as Chief Executive Officer at WYNN RESORTS LTD.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Craig Billings, who has served as Chief Financial Officer of the Company since March 2017, and also served as President of the Company from May 2019 to May 2021, will become CEO of the Company and a member of the Board effective February 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.98

Matt Maddox resigned as Chief Executive Officer at WYNN RESORTS LTD.

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On November 9, 2021, Wynn Resorts, Limited (the “Company”) announced that Matt Maddox, CEO of the Company, will be leaving the Company as of January 31, 2022.

View on SEC.gov

WYNN RESORTS LTD filing history →

Source: SEC EDGAR

accession 0001174922-21-000157

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