Las Vegas Sands Corp. adds new member to board of directors
The Las Vegas Sands Corp. board has appointed a new member.
According to a Wednesday SEC filing, Sands’ board of directors elected Xuan Yan as a member on Tuesday, effective immediately.
Yan is a senior executive with Microsoft Corp. in China and has held senior leadership positions in China with other global technology firms, according to the SEC filing.
As a non-employee director, Yan will be paid $1,500 for each board meeting he attends, or $750 for telephonic board meetings. Sands also will pay him $1,000 for each committee meeting he attends, or $500 for attending via phone. Non-employee directors are reimbursed for travel expenses.
According to SEC filings, Sands pays its non-employee directors an annual cash retainer of $150,000.
The Review-Journal is owned by the family of Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson.
Contact Bailey Schulz at bschulz@reviewjournal.com or 702-383-0233. Follow @bailey_schulz on Twitter.