Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 12, 2022, Wynn Resorts, Limited (the "Company") entered into an
amended and restated employment agreement (the "Employment Agreement") with
Ellen F. Whittemore, Executive Vice President and General Counsel of the
Company. The Employment Agreement is effective as of January 12, 2022 and
provides for the following compensation changes: (i) an increase to her annual
base salary from $700,000 to $900,000, and (ii) an annual target equity grant of
restricted stock equal to 175% of her base salary. Equity awards granted to Ms.
Whittemore previously under her existing agreement with the Company pursuant to
the 2014 Omnibus Incentive Plan remain unchanged. The Employment Agreement also
contains certain non-competition, non-solicitation and confidentiality
provisions and has a term that ends on January 31, 2025.
The foregoing description does not purport to be complete and is qualified in
its entirety by reference to the full text of the Employment Agreement, which
will be filed as an exhibit to the Company's Annual Report on Form 10-K for the
year ended December 31, 2021.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses