01—Abstract
Summary
Summary of the 8-K filed May 10, 2024. Cited figures are marked; the original filing is the authoritative source.
Las Vegas Sands Corp. reported two items in this May 10, 2024 Current Report, covering stockholder actions taken at its May 9, 2024 Annual Meeting.
The most significant is stockholder approval of the Las Vegas Sands Corp. Amended and Restated 2004 Equity Award Plan, which the Board had previously approved subject to that vote. The amendment extends the plan's term through December 14, 2029 and increases the shares of common stock available for equity-based awards by 10,000,000. The full plan is filed as Exhibit 10.1, and a summary appears in the Definitive Proxy Statement filed March 28, 2024.
Stockholders also elected seven directors to serve until the 2025 Annual Meeting: Irwin Chafetz, Micheline Chau, Patrick Dumont, Charles D. Forman, Robert G. Goldstein, Lewis Kramer and Alain Li.
Vote counts varied widely among nominees. Chau and Kramer received substantially more withheld votes than the other nominees, with Chau at 210,690,881 withheld and Kramer at 207,916,636 withheld. Alain Li received the most votes for, at 680,028,944.
Stockholders ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024, with 702,145,384 votes for and 2,581,964 against. The advisory vote on executive compensation drew 449,298,263 votes for and 237,376,009 against, along with 210,974 abstentions and 18,079,217 broker non-votes.
02—Key points
Key Highlights
- Stockholders approved the Amended and Restated 2004 Equity Award Plan, adding 10,000,000 shares available for equity-based awards.
- The amended plan extends its term through December 14, 2029.
- All seven director nominees were elected to serve until the 2025 Annual Meeting of Stockholders.
- Deloitte & Touche LLP was ratified as independent registered public accounting firm for fiscal year 2024, with 702,145,384 votes for and 2,581,964 against.
- The advisory vote on executive compensation received 449,298,263 votes for and 237,376,009 votes against.
- Votes against the amended equity plan totaled 23,226,503, with 663,481,684 votes for.
03—Questions
Frequently Asked Questions
What did stockholders approve regarding the equity award plan?
Stockholders approved the Las Vegas Sands Corp. Amended and Restated 2004 Equity Award Plan, which was previously approved by the Board subject to stockholder approval. The amendment extends the plan's term through December 14, 2029 and increases the shares of common stock available for equity-based awards by 10,000,000 shares. The full text is attached as Exhibit 10.1.
Who was elected to the Board of Directors?
Irwin Chafetz, Micheline Chau, Patrick Dumont, Charles D. Forman, Robert G. Goldstein, Lewis Kramer and Alain Li were elected to serve until the 2025 Annual Meeting of Stockholders. Chau and Kramer each received more than 200 million votes withheld, while Alain Li received 680,028,944 votes for.
Which accounting firm was ratified for the current fiscal year?
Stockholders ratified Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. The vote was 702,145,384 for, 2,581,964 against and 237,115 abstentions.
How did stockholders vote on executive compensation?
The advisory, non-binding resolution on executive compensation received 449,298,263 votes for and 237,376,009 votes against, with 210,974 abstentions and 18,079,217 broker non-votes.
04—Continue