Red Rock Resorts Management

Management criteria checks 4/4

Red Rock Resorts' CEO is Frank Fertitta, appointed in Oct 2015, has a tenure of 8.58 years. total yearly compensation is $3.48M, comprised of 28.7% salary and 71.3% bonuses, including company stock and options. directly owns 7.12% of the company’s shares, worth €372.44M. The average tenure of the management team and the board of directors is 4.6 years and 8.7 years respectively.

Key information

Frank Fertitta

Chief executive officer

US$3.5m

Total compensation

CEO salary percentage	28.7%
CEO tenure	8.6yrs
CEO ownership	7.1%
Management average tenure	4.6yrs
Board average tenure	8.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Frank Fertitta's remuneration changed compared to Red Rock Resorts's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$3m	US$1m	US$176m
Sep 30 2023	n/a	n/a	US$211m
Jun 30 2023	n/a	n/a	US$226m
Mar 31 2023	n/a	n/a	US$202m
Dec 31 2022	US$3m	US$1m	US$205m
Sep 30 2022	n/a	n/a	US$262m
Jun 30 2022	n/a	n/a	US$284m
Mar 31 2022	n/a	n/a	US$355m
Dec 31 2021	US$3m	US$1m	US$242m
Sep 30 2021	n/a	n/a	US$123m
Jun 30 2021	n/a	n/a	US$95m
Mar 31 2021	n/a	n/a	-US$63m
Dec 31 2020	US$2m	US$538k	-US$150m
Sep 30 2020	n/a	n/a	-US$175m
Jun 30 2020	n/a	n/a	-US$235m
Mar 31 2020	n/a	n/a	-US$167m
Dec 31 2019	US$2m	US$1m	-US$3m
Sep 30 2019	n/a	n/a	US$766k
Jun 30 2019	n/a	n/a	US$31m
Mar 31 2019	n/a	n/a	US$118m
Dec 31 2018	US$2m	US$1m	US$158m
Sep 30 2018	n/a	n/a	US$178m
Jun 30 2018	n/a	n/a	US$175m
Mar 31 2018	n/a	n/a	US$67m
Dec 31 2017	US$2m	US$1m	US$35m

Compensation vs Market: Frank's total compensation ($USD3.48M) is about average for companies of similar size in the German market ($USD3.35M).

Compensation vs Earnings: Frank's compensation has been consistent with company performance over the past year.

CEO

Frank Fertitta (61 yo)

8.6yrs

Tenure

US$3,480,037

Compensation

Mr. Frank J. Fertitta, III, has been Chief Executive Officer and Manager of Station Casinos LLC since January 2011 and June 2011 respectively. He serves as Co-Founder and Principal Owner at TKO Group Holdi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Frank Fertitta	Chairman & CEO	8.6yrs	US$3.48m	7.12% $ 372.4m
Scott Kreeger	President	2.3yrs	US$8.49m	0.22% $ 11.3m
Stephen Cootey	Executive VP	7yrs	US$4.22m	0.41% $ 21.5m
Jeffrey Welch	Executive VP & Chief Legal Officer	6.9yrs	US$3.94m	0.34% $ 18.0m
Robert Finch	Executive Officer	less than a year	US$3.34m	0.40% $ 21.0m
Kord Nichols	Executive VP & COO	less than a year	no data	0.028% $ 1.5m
Wes Allison	Chief Accounting Officer	no data	no data	no data
Daniel Foley	Vice President of Finance & Investor Relations	no data	no data	no data

4.6yrs

Average Tenure

58yo

Average Age

Experienced Management: RRK's management team is considered experienced (4.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Frank Fertitta	Chairman & CEO	8.7yrs	US$3.48m	7.12% $ 372.4m
Lorenzo Fertitta	Vice Chairman of the Board	8.7yrs	US$125.00k	7.12% $ 372.4m
James Nave	Lead Independent Director	8.7yrs	US$375.11k	0.084% $ 4.4m
Robert Lewis	Independent Director	8.7yrs	US$338.03k	0.084% $ 4.4m
Robert Cashell	Independent Director	8.7yrs	US$331.36k	0.084% $ 4.4m

8.7yrs

Average Tenure

61yo

Average Age

Experienced Board: RRK's board of directors are considered experienced (8.7 years average tenure).

Red Rock Resorts Management

Management criteria checks 4/4

Key information

Recent management updates

Red Rock Resorts, Inc., Annual General Meeting, May 30, 2024

Executive VP recently sold €2.1m worth of stock

Executive VP & Chief Legal Officer recently bought €2.2m worth of stock

Insufficient new directors

Insufficient new directors

Insufficient new directors

Recent updates

Red Rock Resorts, Inc., Annual General Meeting, May 30, 2024

Red Rock Resorts, Inc. to Report Q1, 2024 Results on May 07, 2024

Upcoming dividend of US$0.25 per share

Executive VP recently sold €2.1m worth of stock

Executive VP & Chief Legal Officer recently bought €2.2m worth of stock

Dividend of US$0.25 announced

Upcoming dividend of US$1.00 per share at 1.8% yield

Full year 2023 earnings released: EPS: US$3.04 (vs US$3.48 in FY 2022)

Red Rock Resorts, Inc. Declares Cash Dividend on Class A Common Share for the First Quarter of 2024, Payable on March 29, 2024

Red Rock Resorts, Inc. to Report Q4, 2023 Results on Feb 07, 2024

Upcoming dividend of US$0.25 per share at 4.5% yield

Red Rock Resorts, Inc. Declares Cash Dividend on Class A Common Share for the Fourth Quarter of 2023, Payable on December 29, 2023

Third quarter 2023 earnings released: EPS: US$0.61 (vs US$0.86 in 3Q 2022)

Red Rock Resorts, Inc. to Report Q3, 2023 Results on Nov 07, 2023

Upcoming dividend of US$0.25 per share at 4.8% yield

Red Rock Resorts, Inc. Declares Cash Dividend for the Third Quarter of 2023, Payable on September 29, 2023

Second quarter 2023 earnings released: EPS: US$0.68 (vs US$0.27 in 2Q 2022)

Red Rock Resorts, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Upcoming dividend of US$0.25 per share at 4.1% yield

Red Rock Resorts, Inc. Declares Cash Dividend for Class A Common Share for the Second Quarter of 2023, Payable on June 30, 2023

Now 20% undervalued

Now 20% undervalued

Now 23% undervalued after recent price drop

Upcoming dividend of US$0.25 per share at 4.6% yield

Now 20% undervalued

Full year 2022 earnings released: EPS: US$3.48 (vs US$3.50 in FY 2021)

Red Rock Resorts, Inc. Declares Cash Dividend for Class A Common Share for the First Quarter of 2023, Payable on March 31, 2023

Red Rock Resorts, Inc. to Report Q4, 2022 Results on Feb 07, 2023

Upcoming dividend of US$0.25 per share

Upcoming dividend of US$1.00 per share

Insufficient new directors

Red Rock Resorts Announces Special Dividend, Payable on December 9, 2022

Third quarter 2022 earnings released: EPS: US$0.86 (vs US$1.03 in 3Q 2021)

Red Rock Resorts, Inc. Declares Cash Dividend for the Fourth Quarter of 2022, Payable on December 30, 2022

Insufficient new directors

Red Rock Resorts, Inc. to Report Q3, 2022 Results on Oct 27, 2022

Red Rock Resorts, Inc. Declares Cash Dividend for the Third Quarter of 2022, Payable on September 30, 2022

Red Rock Resorts Announces Permanent Closure of Properties

Red Rock Resorts, Inc. to Report Q2, 2022 Results on Aug 09, 2022

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.25 per share

Red Rock Resorts, Inc. Declares a Cash Dividend for the Second Quarter of 2022, Payable on June 30, 2022

First quarter 2022 earnings released: EPS: US$0.79 (vs US$0.92 loss in 1Q 2021)

Insufficient new directors

Red Rock Resorts, Inc. to Report Q1, 2022 Results on May 03, 2022

Upcoming dividend of US$0.25 per share

Red Rock Resorts, Inc. Appoints Scott Kreeger as President

Red Rock Resorts, Inc. Announces Reinstatement of Regular Quarterly Dividend, Payable on March 31, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: EPS US$1.03 (vs US$0.62 in 3Q 2020)

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS US$1.24 (vs US$1.02 loss in 2Q 2020)

Red Rock Resorts, Inc.(NasdaqGS:RRR) dropped from Russell 3000E Value Index

First quarter 2021 earnings released: US$0.92 loss per share (vs US$2.18 loss in 1Q 2020)

Red Rock Resorts, Inc. Announces Asset Impairment for the First Quarter Ended March 31, 2021

New 90-day high: €24.60

Full year 2020 earnings released: US$2.13 loss per share (vs US$0.048 loss in FY 2019)

Revenue beats expectations

New 90-day high: €22.20

Red Rock Resorts, Inc. to Report Q4, 2020 Results on Feb 09, 2021

New 90-day high: €21.20

New 90-day high: €20.80

New 90-day high: €19.90

Revenue beats expectations

Third quarter 2020 earnings released: EPS US$0.62

New 90-day high: €17.50

Third-quarter earnings released: Revenue beats expectations

Third quarter earnings released

New 90-day high: €15.50