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Wynn Resorts' CEO paid $17.7 million in 2012; shareholders meeting set for May


Wynn Resorts Ltd. announced Tuesday it will hold its annual shareholders meeting on May 7 at Encore in Las Vegas. Shareholders will vote to re-elect four directors as well as ratify the audit committee’s choice of Ernst & Young LLP as independent accountants for the company.

Stephen Wynn, D. Boone Wayson, Alvin Shoemaker and Ray Irani have been nominated as directors on the Wynn Resorts’ board of directors, according to a filing with the Securities and Exchange Commission.

Shoemaker, 74, has served as a director since 2002, while Wayson, 60, has served since 2003, and Irani, 78 has served on the board since 2007. Wynn, 71, has served as chairman and CEO of Wynn Resorts since 2002.

As of March 1, Wynn owned some 10.03 million shares , or 9.9 percent, in the gaming company. His former wife, Elaine Wynn, owns 9.65 million shares, or 9.6 percent. The largest nondirector shareholder in Wynn Resorts is Waddell & Reed Financial Inc. of Overland Park, Kan., with 15.03 million shares, or 14.9 percent, of the company.

According to the filing, Wynn’s base salary remained the same last year as in 2011 at $4 million. Wynn’s total compensation for 2012 was $17.7 million, which included a $2 million bonus, $10 million nonequity incentive plan compensation and $1.17 million in other compensation, the company said.

Contact reporter Chris Sieroty at csieroty@reviewjournal.com or 702-477-3893. Follow @sierotyfeatures on Twitter.

 

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