Summary by Moomoo AI
Las Vegas Sands Corp. announced an update to its board of directors with the appointment of Alain Li as a new member, effective January 22, 2024. Initially reported on January 18, the company filed an amendment revealing that Li will also serve on the Audit, Nominating and Governance, and Compliance Committees. The board has been resized to seven directors. Li's compensation for his committee services will align with the rates disclosed in the 2023 proxy statement, with increased annual retainers for the Audit Committee at $20,000 and $10,000 for each of the other two committees. This amendment was filed with the SEC and signed by Executive Vice President, Global General Counsel and Secretary, D. Zachary Hudson, on January 25, 2024.