MGM Resorts enters voting agreement with major shareholder, guarantees board seats
MGM Resorts International has entered into a voting agreement with its largest shareholder, IAC Inc., led by Barry Diller. This agreement guarantees IAC two board seats while limiting its voting power to 25.73%, with any excess shares voted proportionally with other stockholders. The move follows IAC's strategic increase in its holding in MGM, which it considers a "forever asset."
https://asgam.com/2026/04/08/mgm-resorts-enters-voting-agreement-with-major-shareholder-guarantees-board-seats/