WYNN RESORTS LTD 8-K

What Happened

• Wynn Resorts (WYNN) filed an 8-K reporting that Julie Cameron‑Doe notified the company on January 7, 2026 that she will retire as Chief Financial Officer effective March 31, 2026 and will retire as an officer of the company effective June 1, 2026. Under the company’s Executive Retirement Plan she will receive certain retirement payments and will enter a consulting agreement to help transition her duties.
• The company announced on January 9, 2026 that Craig Fullalove will become Chief Financial Officer effective April 1, 2026. Wynn entered into a three‑year employment agreement with Mr. Fullalove dated January 8, 2026; after the three‑year term employment would revert to at‑will absent a new written agreement.

Key Details

• Employment term: 3 years starting April 1, 2026 (then at‑will if not renewed).
• Pay package: base salary of at least $800,000; target annual bonus equal to 200% of base salary; annual restricted stock grant target value = 135% of base salary.
• Severance: if terminated by the company without “cause,” or if he leaves for “good reason” after a change of control (and signs a release), Fullalove would receive base salary for the remainder of the contract (minimum 12 months), projected bonuses through the term (minimum equal to the last paid bonus), accrued vacation, and continued health coverage through the remainder of the term (or until new employer coverage).
• Disclosure: the appointment was also announced via press release (Exhibit 99.1) and the employment agreement is filed as Exhibit 10.1.

Why It Matters

• This is a material executive change: a new CFO with a confirmed compensation and severance structure could affect corporate financial leadership and incentive alignment.
• The retirement and consulting arrangement aims to provide continuity during the transition, while the employment agreement commits the company to a multi‑year compensation structure and potential separation costs that investors should note when assessing governance and potential near‑term cash obligations.