Item 1.02 Termination of a Material Definitive Agreement.
On December 11, 2012, Las Vegas Sands Corp. (the “Company”) terminated its Deferred Compensation Plan (the “Plan”), dated January 1, 2005. The Plan was created to provide benefits to non-employee directors and a select group of management or highly paid employees to be selected by our Compensation Committee. The Plan allowed participating employees to defer payment of their base salary and/or bonus and non-employee directors to defer payment of director fees. There have been no participants in the Plan at any time.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On December 11, 2012, the Company’s Board of Directors elected Victor Chaltiel to the Board as a Class III director, whose term will expire in 2013. There are no arrangements between Mr. Chaltiel and any other person pursuant to which Mr. Chaltiel was selected as a director, nor are there any transactions to which the Company or any of its subsidiaries is a party and in which Mr. Chaltiel has a material interest subject to disclosure under Item 404(a) of Regulation S-K.