Wynn Resorts, Ltd. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Wynn Resorts, Limited on April 18, 2011. The filing addresses a correction to a voluntary disclosure made in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010.
Financial Metrics
The filing does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly a corrective disclosure regarding a stock performance graph and contains no new financial statement data.
Material Changes
The Company identified an error in the stock performance graph included in Item 5 of its 2010 10-K. The original graph failed to reflect the reinvestment of dividends on the Company's common stock, resulting in an under-reporting of stock price performance. A revised graph (Exhibit 99.1) covering the period from December 31, 2005, to December 31, 2010, supersedes the previous disclosure.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. It is limited to the correction of the historical stock performance data.
Key Facts for Investor Verification
- The 2010 10-K stock performance graph was corrected to include dividend reinvestment.
- The revised graph is attached as Exhibit 99.1 and supersedes the original Item 5 disclosure.
- Exhibit 99.1 is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
- No financial results or operational updates are included in this report.