MGM Resorts International filed SEC Form 8-K: Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits
$MGM
Hotels/Resorts
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 30, 2025
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ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
This current report on Form 8-K is being furnished to disclose the press release issued by the Registrant on April 30, 2025. The purpose of the press release, furnished as Exhibit 99.1, was to announce the Registrant’s results of operations for the quarter ended March 31, 2025. The information in this Form 8-K and Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.
ITEM 8.01 OTHER EVENTS
On April 30, 2025, MGM Resorts International ("the Company") announced that its Board of Directors had authorized a new $2.0 billion stock repurchase plan, pursuant to which the Company may, from time to time, purchase shares of its common stock. The stock repurchase plan will terminate when the aggregate cost of shares repurchased under the program reaches $2.0 billion. Stock repurchases may be executed through various means, including, without limitation, open market transactions, privately negotiated transactions or otherwise. Repurchases of common stock may also be made under a Rule 10b5-1 plan, which would permit common stock to be purchased when the Company might otherwise be precluded from doing so under insider trading laws. The timing, volume and nature of stock repurchases will be at the sole discretion of the Company, dependent on market conditions, applicable securities laws, and other factors, and may be suspended or discontinued at any time. The stock repurchase plan does not obligate the Company to purchase any shares. The authorization for the stock repurchase plan may be terminated, increased or decreased by the Company’s Board of Directors in its discretion at any time.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a)Not applicable.
(b)Not applicable.
(c)Not applicable.
(d)Exhibits:
Exhibit Number | Description | |||||||
99.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| MGM Resorts International | ||||||||
| Date: April 30, 2025 | By: | /s/ Todd Meinert | ||||||
| Todd Meinert | ||||||||
| Title: Senior Vice President and Chief Accounting Officer | ||||||||