Las Vegas Sands (LVS) Proxy Filing summary

Executive summary

• Achieved $11.3B net revenue, $1.75B net income, and $4.38B adjusted property EBITDA in 2024, returning $2.34B to stockholders through repurchases and dividends.

• Major capital investments in Macao and Singapore, including $880M at The Londoner Macao and $650M at Marina Bay Sands, with further expansion planned.

• Record financial performance at Marina Bay Sands, with adjusted property EBITDA up 10% year-over-year to $2.05B.

• Concluded a supplemental agreement for a new $8B integrated resort adjacent to Marina Bay Sands, targeted to open in 2031.

• Maintained strong balance sheet, enabling continued investment and capital returns.

Voting matters and shareholder proposals

• Election of nine directors to serve until the 2026 annual meeting.

• Ratification of Deloitte & Touche LLP as independent registered public accounting firm.

• Advisory (non-binding) vote to approve executive compensation (say-on-pay).

Board of directors and corporate governance

• Board consists of nine directors, with 11% female and 33% racially/ethnically diverse members.

• Five directors are independent; all committees (Audit, Compensation, Nominating and Governance, Compliance) are fully independent.

• Annual board and committee self-evaluations; no classified board, poison pill, or hedging/pledging of securities.

• Succession plan in place: CEO to transition to senior advisor in March 2026, with President/COO to become CEO.