---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-226494"
form_type: "8-K"
ticker: "MGM"
cik: "0000789570"
company_name: "MGM Resorts International"
filed_at: "2022-08-22T23:59:59+00:00"
generated_at: "2026-06-23T22:23:43.962143+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# MGM Resorts enters new employment agreements with CEO, COO, CFO, CLO; updates change of control policy

## Summary
- CEO Hornbuckle: $2M base, 200% target bonus, annual equity grants expected $10M.
- COO Sanders: $1.25M base, 175% target bonus, annual equity grants expected $3.75M.
- CFO Halkyard: $1.1M base, 150% target bonus, annual equity grants expected $2.75M.
- CLO McManus: $900K base, 125% target bonus, annual equity grants expected $2.25M.
- Change of Control Policy amended: non-CEO severance multiple reduced from 2x to 1.5x; CEO max removed.

## SEC filing metadata
- accession: 0001193125-22-226494
- form_type: 8-K
- ticker: MGM
- cik: 0000789570
- company_name: MGM Resorts International
- filed_at: 2022-08-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789570/000119312522226494/0001193125-22-226494-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789570/000119312522226494/d337126d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-226494
- JSON: https://secwatch.observer/filing/0001193125-22-226494.json
- Plain text: https://secwatch.observer/filing/0001193125-22-226494.txt

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