MGM Resorts Sets New $1 Million Base Salary, Enhanced Bonus for Chief Legal Officer

Reuters01-17

<a href="https://laohu8.com/S/MGM">MGM Resorts</a> Sets New $1 Million Base Salary, Enhanced Bonus for Chief Legal Officer

MGM Resorts International has entered into a new employment agreement with John McManus, its Chief Legal and Administrative Officer and Secretary, effective January 1, 2026. The agreement, set to run through December 31, 2029, sets McManus’ minimum base salary at $1,000,000 per year and includes an annual target bonus equal to 150% of his base salary. Any bonus awarded above this target will be paid in fully vested deferred restricted stock units, distributed in three equal installments over the following three years. In the case of termination by the company without cause or by McManus for good cause, he will be entitled to his annual base salary plus target bonus, paid over 12 months, any earned but unpaid bonus, and 1.5 times the cost of COBRA coverage for 12 months, also paid monthly. Additional provisions include non-compete and confidentiality clauses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MGM Resorts International published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000789570-26-000010), on January 16, 2026, and is solely responsible for the information contained therein.

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Any bonus awarded above this target will be paid in fully vested deferred restricted stock units, distributed in three equal installments over the following three years. In the case of termination by the company without cause or by McManus for good cause, he will be entitled to his annual base salary plus target bonus, paid over 12 months, any earned but unpaid bonus, and 1.5 times the cost of COBRA coverage for 12 months, also paid monthly. Additional provisions include non-compete and confidentiality clauses.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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