MGM Resorts International Management

Management criteria checks 3/4

MGM Resorts International's CEO is Bill Hornbuckle, appointed in Dec 2012, has a tenure of 11.42 years. total yearly compensation is $17.00M, comprised of 11.8% salary and 88.2% bonuses, including company stock and options. directly owns 0.16% of the company’s shares, worth $20.15M. The average tenure of the management team and the board of directors is 3.5 years and 5.8 years respectively.

Key information

Bill Hornbuckle

Chief executive officer

US$17.0m

Total compensation

CEO salary percentage	11.8%
CEO tenure	11.4yrs
CEO ownership	0.2%
Management average tenure	3.5yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bill Hornbuckle's remuneration changed compared to MGM Resorts International's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$894m
Dec 31 2023	US$17m	US$2m	US$1b
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$366m
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$16m	US$2m	US$1b
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	US$3b
Mar 31 2022	n/a	n/a	US$1b
Dec 31 2021	US$13m	US$2m	US$1b
Sep 30 2021	n/a	n/a	US$615m
Jun 30 2021	n/a	n/a	-US$1b
Mar 31 2021	n/a	n/a	-US$2b
Dec 31 2020	US$14m	US$1m	-US$997m
Sep 30 2020	n/a	n/a	US$1b
Jun 30 2020	n/a	n/a	US$2b
Mar 31 2020	n/a	n/a	US$3b
Dec 31 2019	US$6m	US$1m	US$2b
Sep 30 2019	n/a	n/a	US$2m
Jun 30 2019	n/a	n/a	US$181m
Mar 31 2019	n/a	n/a	US$254m
Dec 31 2018	US$6m	US$1m	US$445m
Sep 30 2018	n/a	n/a	US$2b
Jun 30 2018	n/a	n/a	US$2b
Mar 31 2018	n/a	n/a	US$2b
Dec 31 2017	US$7m	US$1m	US$2b

Compensation vs Market: Bill's total compensation ($USD17.00M) is above average for companies of similar size in the UK market ($USD5.61M).

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

CEO

Bill Hornbuckle (65 yo)

11.4yrs

Tenure

US$17,003,794

Compensation

Mr. William Joseph Hornbuckle, IV, also known as Bill, serves as an Executive Co-Chairperson of MGM China Holdings Limited since May 25, 2023. He had been Executive Chairperson of MGM China Holdings Limite...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William Hornbuckle	President	11.4yrs	US$17.00m	0.16% $ 20.2m
Jonathan Halkyard	CFO & Treasurer	3.3yrs	US$5.84m	0.0090% $ 1.2m
Corey Sanders	Chief Operating Officer	3.4yrs	US$7.63m	0.087% $ 11.2m
John McManus	Chief Legal & Administrative Officer and Secretary	15.8yrs	US$4.52m	0.022% $ 2.8m
Gary Fritz	President of MGM Resorts International Interactive	1.6yrs	US$6.40m	0.0098% $ 1.3m
Todd Meinert	Senior VP & Chief Accounting Officer	3.5yrs	no data	0.0058% $ 747.9k
Andrew Chapman	Director of Investor Relations	no data	no data	no data
Jeff Mochal	Senior Vice President of Corporate Communications	3.2yrs	no data	no data
Jyoti Chopra	Senior VP and Chief People	no data	no data	no data
Jennifer Michaels	Senior Vice President of Public Relations	no data	no data	no data
Steven Zanella	President of MGM Resorts Operations	no data	no data	no data
Ayesha Molino	Senior Vice President of Public Affairs	7.3yrs	no data	no data

3.5yrs

Average Tenure

55yo

Average Age

Experienced Management: 0JWC's management team is considered experienced (3.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
William Hornbuckle	President	3.8yrs	US$17.00m	0.16% $ 20.2m
Paul Salem	Independent Chairman	5.8yrs	US$587.36k	0.50% $ 63.8m
Barry Diller	Independent Director	3.8yrs	US$17.36k	no data
Rose McKinney-James	Independent Director	19.3yrs	US$367.36k	0.00056% $ 72.1k
Alexis Herman	Independent Director	22.3yrs	US$377.36k	0.0061% $ 785.3k
Keith Meister	Independent Director	5.3yrs	US$352.36k	no data
Janet Swartz	Independent Director	6.2yrs	US$337.36k	0.018% $ 2.3m
Daniel Taylor	Independent Director	17.2yrs	US$497.36k	0.0014% $ 177.7k
Mary Jammet	Independent Director	10.3yrs	US$357.36k	0.0031% $ 393.9k
Joseph Levin	Independent Director	3.8yrs	US$17.36k	no data
Benjamin Winston	Independent Director	1.2yrs	US$321.08k	0.0017% $ 218.8k

5.8yrs

Average Tenure

59yo

Average Age

Experienced Board: 0JWC's board of directors are considered experienced (5.8 years average tenure).

MGM Resorts International Management

Management criteria checks 3/4

Key information

Recent management updates

MGM Resorts International, Annual General Meeting, May 01, 2024

Chief Operating Officer recently sold US$1.3m worth of stock

Insufficient new directors

Insufficient new directors

Insider recently sold US$918k worth of stock

MGM Resorts International Appoints Daniel Yang as Chief Customer Innovation Officer

Recent updates

MGM Resorts International Launches BetMGM in the Netherlands

First quarter 2024 earnings released: EPS: US$0.68 (vs US$1.25 in 1Q 2023)

MGM Resorts International to Report Q1, 2024 Results on May 01, 2024

MGM Resorts International, Annual General Meeting, May 01, 2024

MGM Resorts International Launches Mobile Sports Betting in North Carolina

MGM Resorts International Launches Mobile Sports Betting in North Carolina

Full year 2023 earnings released: EPS: US$3.22 (vs US$3.52 in FY 2022)

Full year 2023 earnings released: EPS: US$3.22 (vs US$3.52 in FY 2022)

MGM Resorts International to Report Q4, 2023 Results on Feb 13, 2024

Chief Operating Officer recently sold US$1.3m worth of stock

Insufficient new directors

MGM Resorts International (NYSE:MGM) announces an Equity Buyback for $2,000 million worth of its shares.

MGM Resorts International to Report Q3, 2023 Results on Nov 08, 2023

MGM Resorts Confirms Cyber Attack Forced the Closure of Multiple Hotel Casinos

Insufficient new directors

Insider recently sold US$918k worth of stock

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: US$0.56 (vs US$4.24 in 2Q 2022)

MGM Resorts International Appoints Daniel Yang as Chief Customer Innovation Officer

Investor sentiment improves as stock rises 19%

MGM Resorts International to Report Q2, 2023 Results on Aug 02, 2023

Insider recently sold US$413k worth of stock

Independent Director recently sold US$100k worth of stock

First quarter 2023 earnings released: EPS: US$1.25 (vs US$0.061 loss in 1Q 2022)

Chief Legal recently sold US$869k worth of stock

Full year 2022 earnings released: EPS: US$3.60 (vs US$2.44 in FY 2021)

MGM Resorts International (NYSE:MGM) announces an Equity Buyback for $2,000 million worth of its shares.

MGM Resorts International to Report Q4, 2022 Results on Feb 08, 2023

Seminole Hard Rock International, LLC completed the acquisition of The Mirage Casino-Hotel LLC from MGM Resorts International (NYSE:MGM).

Seminole Hard Rock International, LLC completed the acquisition of The Mirage Casino-Hotel LLC from MGM Resorts International (NYSE:MGM).

Independent Director recently sold US$224k worth of stock

Third quarter 2022 earnings released: US$1.47 loss per share (vs US$2.81 profit in 3Q 2021)

MGM Resorts International Approves Quarterly Dividend, Payable on December 15, 2022

MGM Resorts International to Report Q3, 2022 Results on Nov 02, 2022

Independent Director recently bought US$499k worth of stock

Independent Director recently sold US$155k worth of stock

Second quarter 2022 earnings released: EPS: US$4.27 (vs US$0.14 in 2Q 2021)

MGM Resorts International Declares Quarterly Dividend, Payable on September 15, 2022

MGM Resorts International to Report Q2, 2022 Results on Aug 03, 2022

MGM Resorts International Announces Resignation of Tilak Mandadi as Chief Strategy, Innovation and Technology Officer

Independent Chairman recently bought US$998k worth of stock

Investor sentiment deteriorated over the past week

Independent Chairman recently bought US$109k worth of stock

MGM Resorts International (NYSE:MGM) completed the acquisition of NP1 Hong Kong Limited, NP1 Pegasus LLC and Nevada Property 1 LLC.

Mgm Resorts International Elects Paul Salem to Board of Directors

MGM Resorts International Declares Dividend, Payable on June 15, 2022

First quarter 2022 earnings released: US$0.061 loss per share (vs US$0.69 loss in 1Q 2021)

MGM Resorts International to Report Q1, 2022 Results on May 02, 2022

Independent Director recently bought US$248k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

MGM Resorts International Approves Quarterly Dividend, Payable on March 15, 2021

Seminole Hard Rock International, LLC entered into an agreement to acquire The Mirage Casino-Hotel LLC from MGM Resorts International (NYSE:MGM) for $1.1 billion.

Executive VP recently sold US$350k worth of stock

Third quarter 2021 earnings released: EPS US$2.82 (vs US$1.08 loss in 3Q 2020)

MGM Resorts International (NYSE:MGM) reached an agreement to acquire Operations of the Nevada Property 1 LLC for $1.6 billion.

Blackstone Reportedly to Offer Cosmopolitan for $5 Billion or More

Independent Director recently sold US$105k worth of stock

Second quarter 2021 earnings released: EPS US$0.21 (vs US$1.67 loss in 2Q 2020)

Director William Grounds has left the company

MGM Resorts International (NYSE:MGM) entered into a definitive agreement to acquire remaining 50% stake in CityCenter Holdings, LLC from Infinity World Development Corporation for $2.1 billion.

Independent Director recently sold US$162k worth of stock

Independent Director recently sold US$714k worth of stock

Independent Director recently sold US$300k worth of stock

MGM Growth Properties LLC (NYSE:MGP) entered into a definitive agreement to acquire Real Estate Assets of MGM Springfield from MGM Resorts International (NYSE:MGM) for approximately $400 million.

MGM Resorts International Approves Quarterly Dividend, Payable on June 15, 2021

MGM Resorts International and BetMGM Announce Unified Commitment to Promote Responsible Gaming

MGM Resorts International to Report Fiscal Year 2020 Final Results on Feb 26, 2021

MGM Resorts International Resorts Resuming 24/7 Operations At Mandalay Bay, Park MGM and the Mirage on March 3

Full year 2020 earnings released: US$2.09 loss per share (vs US$3.90 profit in FY 2019)