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
26, 2008
Wynn
Resorts, Limited
(Exact
Name of Registrant as specified in Charter)
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Nevada
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000-50028
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46-0484987
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(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File
Number)
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(I.R.S.
Employer
Identification
Number)
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3131
Las Vegas Boulevard South
Las
Vegas, Nevada 89109
(Address
of principal executive offices) (Zip Code)
(702)
770-7555
(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:
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[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
1.01. Entry Into a Material Definitive Agreement.
On March 26, 2008, Wynn Resorts,
Limited (the “Company”) entered into an amendment to the Employment Agreement,
dated as of August 31, 2005, between the Company and John
Strzemp. The amendment, which is effective as of March 18, 2008,
reflects Mr. Strzemp’s previously announced promotion to Executive Vice
President and Chief Administrative Officer on March 17, 2008, and extends the
term of his employment agreement to March 31, 2009.
Item
5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
The information contained in Item 1.01
of this report is incorporated herein by reference.
Item
9.01. Financial Statements and Exhibits.
(d) Exhibits
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10.1
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First
Amendment to Employment Agreement, dated as of March 26, 2008, between
Wynn Resorts, Limited and John Strzemp.
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
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Date: March
27, 2008
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WYNN
RESORTS, LIMITED
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By:
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/s/
Kim Sinatra
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Kim
Sinatra
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Senior
Vice President, General
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Counsel
and Secretary
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Exhibit
10.1
FIRST
AMENDMENT TO EMPLOYMENT AGREEMENT
This
First Amendment to Employment Agreement (this “First Amendment”) is
made this 26th day of March, 2008, effective March 18, 2008 (the “Effective Date”), by
and between Wynn Resorts, Limited (“Employer”) and John
Strzemp (“Employee”).
Recitals
Whereas,
Employer and Employee are party to that certain Employment Agreement dated as of
August 31, 2005 (the “Existing Agreement”);
and
Whereas,
Employer and Employee have agreed to modify the Existing Agreement as set forth
herein.
Now
therefore, for and in consideration of the foregoing recitals, and in
consideration of the mutual covenants, agreements, understandings, undertakings,
representations, warranties and promises hereinafter set forth, and intending to
be legally bound thereby, Employer and Employee agree as follows:
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1.
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Promotion. As
of the Effective Date, Employee has been promoted to Executive Vice
President and Chief Administrative Officer of Employer and Section 4 of
the Existing Agreement is modified to reflect such
change.
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2.
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Term. Section
6 of the Existing Agreement is modified to provide that the Term shall be
extended until March 31. 2009.
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3.
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Bonus
Compensation. Employer has agreed that Employee shall
continue his participation in Employer’s Annual Performance Based
Incentive Plan for 2008.
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4.
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Ratification. Other
than as modified hereby, the terms and conditions of the Existing
Agreement are ratified and
confirmed.
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In
witness whereof, the parties have executed and delivered this First Amendment
effective on the Effective Date.
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Wynn
Resorts, Limited
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Employee
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By:
/s/ Marc D. Schorr
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/s/ John Strzemp
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Name: Marc
D. Schorr
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John
Strzemp
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Title: Chief
Operating Officer
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