Director Yibing Mao resigns from Las Vegas Sands board; board loses independent majority

LAS VEGAS SANDS CORP

Yibing Mao resigned effective Feb 22, 2023, due to accepting a new role; no disagreement with board or management.
Following resignation, board no longer has majority independent directors; company will use 'controlled company' exemption under NYSE rules.
Dr. Miriam Adelson and family trusts/entities control >50% voting power, qualifying LVS as controlled company.
Company actively seeking to expand independent directors; all board committees remain fully independent.

item 5.02

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Departed

Yibing Mao

Director

LVS · LAS VEGAS SANDS CORP

Effective: 2023-02-22
Filed: February 22, 2023, 6:59 PM ET

On February 17, 2023, Yibing Mao notified Las Vegas Sands Corp. (the “Company”) that, effective February 22, 2023, she is resigning from the Company’s Board of Directors (the “Board”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Yibing Mao resigned as Director at LAS VEGAS SANDS CORP.

Action: resigned
Role: Director

Exact text from the filing

On February 17, 2023, Yibing Mao notified Las Vegas Sands Corp. (the “Company”) that, effective February 22, 2023, she is resigning from the Company’s Board of Directors (the “Board”).

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LAS VEGAS SANDS CORP filing history →

Source: SEC EDGAR

accession 0001300514-23-000025

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