Las Vegas Sands Corp 8-K, filed Apr 17, 2020
Las Vegas Sands Corp (LVS)
8-K
2020-04-17
For: 2020-04-17
View Original
Added on
April 03, 2026
About this 8-K
Las Vegas Sands Corp filed this 8-K on April 17, 2020.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 8.01: Other events
- 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) April 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 April 17, 2020, Sands China Ltd., an indirect subsidiary of Las Vegas Sands Corp. (“Sands China”), announced it will not pay a final dividend in respect of the year ended December 31, 2019. Sands China’s announcement is furnished hereto as Exhibit 99.1.
The information in this Item 7.01 and Exhibit 99.1 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 8.01. | Other Events. |
As stated above, on April 17, 2020, Sands China announced it will not pay a final dividend in respect of the year ended December 31, 2019.
ITEM 9.01. | Financial Statements and Exhibits. |
(d) | Exhibits |
99.1 | |
104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document |
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: April 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
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
SANDS CHINA LTD.
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1928)
NO RECOMMENDATION OF FINAL DIVIDEND
FOR THE YEAR ENDED DECEMBER 31, 2019
The board of directors (the “Board”) of Sands China Ltd. (the “Company”) announces that, at the meeting of the Board held on Friday, April 17, 2020, members resolved not to recommend the payment of a final dividend in respect of the year ended December 31, 2019.
Visitation to Macao has decreased substantially since January 2020 as a result of the COVID-19 coronavirus pandemic’s strong deterrent effect on travel and social activities, the Chinese government’s suspension of its visa and group tour schemes that allow mainland Chinese residents to travel to Macao, quarantine measures, travel and entry restrictions and conditions in Macao, Hong Kong and certain cities and regions in mainland China, the suspension of ferry services and other modes of transportation within Macao and regionally, and, most recently, the ban on entry or enhanced quarantine requirements, depending on the person’s residency and their recent travel history.
The Macao Government has announced publicly that total visitation from mainland China to Macao decreased by 14.9% in January 2020 (with a 83% decrease in visitation over the first seven days of Chinese New Year) and 97.2% in February 2020 as compared to the same periods in 2019. It has also announced that monthly gross gaming revenue decreased by 11.3%, 87.8% and 79.7% in January, February and March 2020 respectively.
The Board recognizes the current and potential material impact of the COVID-19 coronavirus pandemic on the global economy and the important role that the Company plays in helping Macao and our team members manage through the crisis. The Company has a strong capital, funding and liquidity position and remains committed to executing its ongoing capital expenditure programs in Macao. The Board will continue to review the situation and monitor market conditions.
By order of the Board
SANDS CHINA LTD.
Dylan James Williams
Company Secretary
Macao, April 17, 2020
As at the date of this announcement, the directors of the Company are:
Executive Directors:
Sheldon Gary Adelson
Wong Ying Wai
Non-Executive Directors:
Robert Glen Goldstein
Charles Daniel Forman
Independent Non-Executive Directors:
Chiang Yun
Victor Patrick Hoog Antink
Steven Zygmunt Strasser
Kenneth Patrick Chung
In case of any inconsistency between the English version and the Chinese version of this announcement, the English version shall prevail.