other material
confidence high
sentiment neutral
materiality 0.55
MGM stockholders approve 2022 Omnibus Incentive Plan authorizing 17.9M shares
MGM Resorts International
- Stockholders approved 2022 Omnibus Incentive Plan with 17,900,000 shares authorized (325,299,536 For, 8,585,343 Against).
- All 11 director nominees elected; Joey Levin faced largest opposition (210,547,314 For vs 123,708,144 Against).
- Ratification of Deloitte as independent auditor passed (366,529,236 For, 9,238,564 Against).
- Advisory say-on-pay approved with 322,027,750 For, 12,000,373 Against, 41,538,097 broker non-votes.
- Plan imposes 2-year minimum vesting for options/SARs and $750K-$1M annual director compensation cap.