MGM Resorts International has extended the employment terms for two key executives, moves that may be designed to ensure continuity at the top of the company when its highest-ranking executive departs at the end of 2028.
The Las Vegas-based gaming giant filed new employment agreements with Chief Financial Officer Jonathan Halkyard and Chief Commercial Officer Gary Fritz, both effective Oct. 1.
Under his new deal, Halkyard will remain with MGM through September 2029, earning a base salary of $1.25 million and an annual target bonus equal to 150 percent of that amount. The agreement also provides annual equity awards valued at $3.1 million, split evenly between performance share units and restricted stock units.
