MGM Resorts International (MGM, Financial) has announced a strategic expansion of its Board of Directors, increasing the number of directors from twelve to thirteen. On March 12, 2025, the company appointed Donna Langley as the newest member of the board. This decision reflects MGM's commitment to enhancing its leadership team with experienced and diverse perspectives.
Donna Langley, a respected figure in the industry, joins the board without any pre-existing arrangements or understandings with other parties. Her appointment does not involve any related party transactions that require disclosure under regulatory guidelines. As part of her role, Ms. Langley will receive the same cash and equity compensation as other independent directors, which includes an annual retainer of $100,000. This retainer was increased following the company's Annual Meeting on May 1, 2024.
In addition to the retainer, Ms. Langley has been granted a pro-rated award of restricted stock units valued at $53,750. These units are set to vest on the earlier of the first anniversary of the grant date or the date of MGM's next annual meeting. This grant aligns with the company's Form of Restricted Stock Unit Agreement for non-employee directors.
The appointment of Ms. Langley is part of MGM Resorts International's ongoing efforts to strengthen its governance and leadership capabilities. Her extensive experience and insights are expected to contribute significantly to the company's strategic direction and growth.
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