share_log

Las Vegas Sands | 8-K: Current report

SEC announcement ·  Jan 26 05:06
Summary by Futu AI
On January 25, 2024, Las Vegas Sands Corp. (LVSC) announced an amendment to the employment agreement with Randy A. Hyzak, the company's Executive Vice President and Chief Financial Officer. The amendment, effective as of January 1, 2024, extends Hyzak's employment term until December 31, 2029. Under the new terms, Hyzak will be eligible for an increased annual cash bonus of 150% of his base salary and a restricted stock unit award of 175% of his base salary starting in 2024. Additionally, the agreement includes provisions for severance payments and benefits in the event of termination without cause or for good reason, contingent upon Hyzak's execution of a release of claims. The amendment also introduces a perpetual non-disparagement covenant. Existing noncompetition, non-solicitation, confidentiality, and intellectual property covenants from Hyzak's original employment agreement remain in effect. Details of the amendment will be included in the company's Annual Report on Form 10-K for the year ended December 31, 2023.
On January 25, 2024, Las Vegas Sands Corp. (LVSC) announced an amendment to the employment agreement with Randy A. Hyzak, the company's Executive Vice President and Chief Financial Officer. The amendment, effective as of January 1, 2024, extends Hyzak's employment term until December 31, 2029. Under the new terms, Hyzak will be eligible for an increased annual cash bonus of 150% of his base salary and a restricted stock unit award of 175% of his base salary starting in 2024. Additionally, the agreement includes provisions for severance payments and benefits in the event of termination without cause or for good reason, contingent upon Hyzak's execution of a release of claims. The amendment also introduces a perpetual non-disparagement covenant. Existing noncompetition, non-solicitation, confidentiality, and intellectual property covenants from Hyzak's original employment agreement remain in effect. Details of the amendment will be included in the company's Annual Report on Form 10-K for the year ended December 31, 2023.
Helpful
Not Helpful

This announcement is a separate document:

Doc 1

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.