Las Vegas Sands Corp 8-K, filed Mar 18, 2020
Las Vegas Sands Corp (LVS)
8-K
2020-03-18
For: 2020-03-17
View Original
Added on
April 03, 2026
About this 8-K
Las Vegas Sands Corp filed this 8-K on March 18, 2020, reporting on events of March 17, 2020.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) March 17, 2020
(Exact name of registrant as specified in its charter) | ||
(State or other jurisdiction of incorporation) | ||
(Commission File Number) | (IRS Employer Identification No.) | |
(Address of principal executive offices) | (Zip Code) | |
(702 ) 414-1000
(Registrant's Telephone Number, Including Area Code)
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||||||
Securities registered pursuant to Section 12(b) of the Act: | ||||||||
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | ||||||||
Emerging growth company | ||||||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ | |||||||
ITEM 7.01. | Regulation FD Disclosure. |
On March 17, 2020, Las Vegas Sands Corp. (the “Company”) issued a press release announcing the closure of its Venetian and Palazzo resorts in Las Vegas until at least April 1, 2020. The press release is furnished herewith as Exhibit 99.1.
The information in this Item 7.01 and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.
ITEM 9.01. | Financial Statements and Exhibits. |
(d) | Exhibits |
99.1 | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned, hereunto duly authorized.
Dated: March 17, 2020
LAS VEGAS SANDS CORP. | |||
By: | /s/ D. Zachary Hudson | ||
Name: D. Zachary Hudson Title: Executive Vice President, Global General Counsel and Secretary | |||
EXHIBIT 99.1
 | Press Release |
For Immediate Release
Las Vegas Sands Announces Temporary Closure of Las Vegas Properties: Company will continue to Pay Team Members, Pledges $250,000 to Local Community Groups
LAS VEGAS, March 17, 2020 - Las Vegas Sands (NYSE: LVS) today announced that, out of an abundance of caution and in line with recent guidance from federal and state governments, it is closing its Venetian and Palazzo resorts in Las Vegas until at least April 1. A decision on whether to extend the closure or re-open will be made at a later date. The process of closing the properties will begin immediately and be completed as soon as possible.
The company said it is committed to paying its team members while the buildings are closed. No layoffs or furloughs are being contemplated and the closure will not impact health care eligibility the company stated.
“These are clearly challenging times for our country and our community. We are in the hospitality and entertainment business and our team members work very hard to provide a great experience for the thousands of people who come through our doors daily. However, our most important commitment is the one we have made to the health and safety of our team members and guests. Right now, the best way to fulfill that commitment is by asking people to not come to work. While we hope this closure is a short-term necessity, we are realistic it may be a prolonged event. Our team members and their families will rightly be concerned about their health and safety, but we do not want them worried about their jobs, income or health care. Like we have done in the past, we are fully prepared to support our team members over an extended period should it be needed,” said Rob Goldstein, president and chief operating officer of Las Vegas Sands.
The company also announced it is donating a total of $250,000 to several important local organizations to serve our community during this time of need. Those organizations include Three Square, Communities In
Schools and Share Village Las Vegas. In addition, the company plans to bolster that financial support with donations of meals and needed equipment.
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About Las Vegas Sands Corp. (NYSE: LVS)
Las Vegas Sands is the world’s pre-eminent developer and operator of world-class Integrated Resorts. We deliver unrivaled economic benefits to the communities in which we operate.
Sands created the meetings, incentives, convention and exhibition (MICE)-based Integrated Resort. Our industry-leading Integrated Resorts provide substantial contributions to our host communities including growth in leisure and business tourism, sustained job creation and ongoing financial opportunities for local small and medium-sized businesses.
Our properties include The Venetian Resort and Sands Expo in Las Vegas, and the iconic Marina Bay Sands in Singapore. Through majority ownership in Sands China Ltd., we have developed the largest portfolio of properties on the Cotai Strip in Macao, including The Venetian Macao, The Plaza and Four Seasons Hotel Macao, Sands Cotai Central and The Parisian Macao, as well as the Sands Macao on the Macao Peninsula.
Sands is dedicated to being a good corporate citizen, anchored by the core tenets of serving people, planet and communities. We deliver a great working environment for 50,000 team members worldwide, drive social impact through the Sands Cares charitable giving and community engagement program and lead in environmental performance through the award-winning Sands ECO360 global sustainability program. To learn more, please visit www.sands.com.
Contacts:
Investment Community: |
Daniel Briggs |
Daniel.Briggs@sands.com |
(702) 414-1221 |
Media: |
Ron Reese |
Ron.Reese@sands.com |
(702) 414-3607 |