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MGM Resorts (MGM) has issued an update.
MGM Resorts International expanded its Board of Directors from eleven to twelve members, appointing Keith Barr to the new position. Barr will also join the Audit Committee and potentially other committees in the future. His compensation aligns with that of other independent directors, including an increased annual retainer of $100,000 and a pro-rated grant of restricted stock units worth $161,250. These units will vest within a year or at the next annual meeting. Barr’s appointment was publicly announced by the company without any disclosed related party transactions.
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