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Resorts International filed a current report after it inadvertently posted preliminary financial information for the fourth quarter and full year ended December 31, 2025. The company explains this data, included as Exhibit 99.1, is preliminary and still subject to its normal financial closing procedures.
The company also notes the preliminary figures have not been audited or reviewed by its independent registered public accounting firm. Resorts International clarifies that this information is being furnished, not filed, and will not be incorporated into other securities filings unless specifically referenced.
Davis Selected Advisers, a Colorado-based investment adviser, reports beneficial ownership of 26,820,202 shares of Resorts International common stock, representing 8.8% of the outstanding class. The firm has sole voting power over 23,348,499 shares and sole dispositive power over all 26,820,202 shares.
Davis Selected Advisers states that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Resorts International. The filing is signed by Vice President Michaela McLoughry, confirming the accuracy of the ownership information.
MGM Resorts International approved a new employment agreement for Chief Legal and Administrative Officer and Secretary John McManus, effective January 1, 2026 and running through December 31, 2029. The contract sets a minimum base salary of $1,000,000 per year and an annual target bonus equal to 150% of base salary. Any bonus paid above that target will be delivered as fully vested deferred restricted stock units, payable in three equal installments over three years, with acceleration if his employment ends.
McManus is eligible, at the board committee’s discretion, for annual equity awards in 2026–2029 with an aggregate targeted value of $2,500,000 per year, split 50% into performance share units and 50% into restricted stock units. The agreement outlines severance protections, including salary and bonus continuation and COBRA-related payments if he is terminated without cause or resigns for good cause, and provides one year of salary and any earned but unpaid bonus upon death or disability. It also includes a 12‑month non-compete and non-solicitation period after termination and continuing confidentiality obligations.
MGM Resorts International's chief operating officer has filed an initial statement of ownership, reporting both direct and indirect holdings of the company’s common stock as of 01/01/2026. The filing shows direct ownership of 23,359 shares of common stock and indirect ownership of 200 shares held by the officer’s spouse.
The officer also holds several equity-based awards. These include performance share units that can settle into up to 7,349 and 9,528 shares of common stock, depending on stock performance over three-year periods tied to target prices of $52.44 and $47.21, respectively. In addition, multiple restricted stock unit grants are listed, covering thousands of shares that vest in either three or four equal annual installments beginning on the first anniversary of their grant dates.
MGM Resorts International reported an insider equity transaction by one of its directors. On 12/31/2025, the director acquired 1,096.1907 Deferred Stock Units (DSUs) under the company’s Deferred Compensation Plan for Non-Employee Directors at a reference price of $36.49 per unit. Each DSU is the economic equivalent of one share of MGM common stock and becomes payable when the director’s board service ends. Following this transaction, the director beneficially owned a total of 61,885.7073 DSUs, all held directly.
MGM Resorts International director reports deferred stock units and share holdings
A director of MGM Resorts International reported holdings of 1,702,500 shares of common stock held directly as of a transaction dated 12/31/2025. In addition, the director acquired 2,671.9649 deferred stock units (DSUs) under the company’s Deferred Compensation Plan for Non-Employee Directors at a reference price of $36.49 per unit. Each DSU is economically equivalent to one share of MGM common stock and becomes payable upon the director’s termination of board service. Following this transaction, the director beneficially owned 115,567.5193 DSUs directly.
MGM Resorts International reported an insider stock purchase by a reporting person identified as a director. On 12/05/2025, the insider bought 1,098,748 shares of common stock in an open market transaction coded "P" at a weighted average price of about $36.30 per share. The filing notes that these shares were acquired through multiple trades at prices ranging from $35.99 to $36.81. After this transaction, the insider directly beneficially owned 65,822,350 shares of MGM common stock.
IAC Inc. filed Amendment No. 5 to its Schedule 13D on MGM Resorts International, reporting a higher ownership stake. IAC now beneficially owns about 65,822,350 shares of MGM common stock, representing approximately 24.07% of the outstanding shares, based on 273,506,440 shares outstanding as of October 27, 2025. The increase reflects both MGM’s share repurchases and IAC’s recent buying activity.
On December 5, IAC purchased 1,098,748 MGM shares in open market transactions using cash on hand for a total of about $40,011,018, including brokerage commissions. IAC states that, apart from these December 2025 trades, it made no other MGM share transactions in the prior 60 days. The filing confirms IAC as a major strategic shareholder and updates its ownership and recent trading history.
MGM Resorts International officer Michael B. Evans, President, Interactive, reported equity transactions involving company stock. On 12/01/2025, 15,005 restricted stock units were converted into an equal number of common shares at an exercise price of $0, reflecting previously granted equity that vested.
On the same date, 5,992 common shares were disposed of at $35.44 per share, typically reflecting share withholding to cover tax obligations associated with the RSU vesting. After these transactions, Evans directly beneficially owned 130,648 shares of MGM Resorts International common stock, aligning his compensation further with shareholder value.
Davis Selected Advisers filed Amendment No. 4 to Schedule 13G reporting its beneficial ownership in MGM Resorts International.
The filing states beneficial ownership of 23,953,452 shares of MGM common stock, representing 9.6% of the class as of the event date. Davis reports 23,224,456 shares with sole voting power and 23,953,452 shares with sole dispositive power.
The certification affirms the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The event date is September 30, 2025.