---
schema_version: "secwatch.filing_event.v1"
accession: "0001174922-21-000157"
form_type: "8-K"
ticker: "WYNN"
cik: "0001174922"
company_name: "WYNN RESORTS LTD"
filed_at: "2021-11-09T23:59:59+00:00"
generated_at: "2026-06-28T10:28:57.888238+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001174922-21-000157
- form_type: 8-K
- ticker: WYNN
- cik: 0001174922
- company_name: WYNN RESORTS LTD
- filed_at: 2021-11-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1174922/000117492221000157/0001174922-21-000157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1174922/000117492221000157/wynn-20211109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174922-21-000157
- JSON: https://secwatch.observer/filing/0001174922-21-000157.json
- Plain text: https://secwatch.observer/filing/0001174922-21-000157.txt

## Key facts
- Executive change
  Craig Billings was appointed as Chief Executive Officer at WYNN RESORTS LTD.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1174922/000117492221000157/0001174922-21-000157-index.htm
- Executive change
  Matt Maddox resigned as Chief Executive Officer at WYNN RESORTS LTD.
  - Action: resigned
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1174922/000117492221000157/0001174922-21-000157-index.htm

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