Las Vegas Sands has disclosed the terms of new employment agreements for Chairman, CEO, President and Treasurer Patrick Dumont, CFO Randy Hyzak and Global General Counsel and Secretary D. Zachary Hudson in a Form 8-K filing submitted to the US Securities and Exchange Commission.
The land-based operator said Dumont's appointment became effective on March 1, 2026, while the three new agreements took effect on March 2 and run through March 2, 2031.
Under Dumont's contract, his base salary remains unchanged at $2.5m. He is also eligible for a target annual cash incentive equal to 250% of base salary and a target annual equity award opportunity equal to 725% of base salary.
The filing states Dumont will also receive security services and use of company-owned aircraft for business and personal purposes. It adds that, if he elects to do so, he may also receive first-class commercial air travel for business trips and first-class hotel accommodations.
Hyzak's agreement sets his base salary at $1.35m, with a target annual cash incentive opportunity equal to 200% of salary and a target annual equity award opportunity equal to 250% of salary.
Hudson's agreement sets a base salary of $1.6m. He is eligible for a target annual cash incentive equal to 200% of salary and a target annual equity award opportunity equal to 425% of salary.
Las Vegas Sands said the agreements also include separation benefits in the event of termination without cause or for good reason, subject to a release of claims.
These include one times the sum of base salary and target bonus, unpaid prior-year bonus, a pro-rata target bonus for the year of termination and one year of continued participation in health, welfare and certain retirement and deferred compensation plans.
If termination occurs within 24 months of a change of control, those benefits rise to two times the sum of base salary and target bonus, plus two years of continued plan participation. The agreements also include one-year non-compete and non-solicitation clauses, alongside perpetual confidentiality provisions.
Las Vegas Sands previously confirmed Dumont would succeed Robert Goldstein as Chairman and CEO, with Goldstein moving into a senior advisor role after the leadership transition on March 1.
That earlier announcement also noted Dumont had served as President and COO since 2021 and had been identified as the likely successor in prior disclosures.
The filing states full copies of the employment agreements will be included in Las Vegas Sands' quarterly report for the period ending March 31, 2026
