Monday, Feb. 28, 2011 | 2:15 p.m.
Wynn Resorts CEO Steve Wynn has received an annual salary increase of about $1 million, according to a regulatory filing today.
Wynn’s base salary was increased to $4 million, the filing indicated. The change was effective Feb. 24.
The casino owner received a base salary of $2.95 million in 2009 and was expected to receive the same in 2010, according to a regulatory filing in April 2010. Wynn Resorts’ 2010 proxy statement with employee salaries hasn't yet been released.
In 2009, Wynn's compensation totaled $8.39 million, compared to $8.45 million in 2008, the April 2010 filing indicated. Those numbers compare to the $11.2 million Wynn made in 2007.
The package included a $2.95 million base salary, a $4.06 million cash bonus and $1.37 million in perks, mostly for personal use of a company aircraft. Wynn received no stock or options.
The Sun calculates total compensation based on an executive’s base salary, bonus, non-equity compensation, change in pension, all other compensation, options exercised and stocks vested. The Sun does not include stock and option awards until the stocks vest or options are exercised.