Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
May 04 2021 - 7:19AM
Edgar (US Regulatory)
FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a16 OR 15d16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2021
Commission File Number: 001-33178
MELCO RESORTS & ENTERTAINMENT LIMITED
36th Floor, The Centrium
60 Wyndham Street
Central
Hong Kong
(Address of principal executive offices)
Indicate by check mark whether
the registrant files or will file annual reports under cover Form 20F or Form 40F. Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
EXPLANATORY NOTE
The 2011 Share Incentive Plan of Melco Resorts & Entertainment Limited (the Company) has a term of 10 years and will
expire on December 7, 2021. In view of the impending expiry of the 2011 Share Incentive Plan, the Company proposes to adopt a new 2021 Share Incentive Plan to enable the Company to continue to grant awards to eligible participants as
incentive for their contributions to the success of the Company.
The boards of directors of both the Company and its majority
shareholder, Melco International Development Limited (Melco International), a Hong Kong-listed company, have approved the 2021 Share Incentive Plan. In addition, as the Company is a subsidiary of Melco International, the implementation
of the 2021 Share Incentive Plan is subject to the approval of the shareholders of Melco International by an ordinary resolution in accordance with the applicable listing rules in Hong Kong. Accordingly, the 2021 Share Incentive Plan will be
submitted for approval at Melco Internationals annual general meeting of shareholders which is scheduled to be held on June 4, 2021. Melco Internationals board of directors proposes to recommend to its shareholders at the annual
general meeting to approve the adoption of the 2021 Share Incentive Plan by the Company.
If Melco Internationals shareholders
approve the 2021 Share Incentive Plan, it will become effective as of a date specified by the compensation committee of the Companys board of directors as the effective date for the plan (but not later than December 7, 2021 when the 2011
Share Incentive Plan expires). Approval of the 2021 Share Incentive Plan by the Companys shareholders is not required under the laws of the Cayman Islands.
Upon the termination or expiration of the 2011 Share Incentive Plan, no further awards may be granted pursuant to the 2011 Share
Incentive Plan but the provisions of such plan shall remain in full force and effect in all other respects in respect of any awards granted prior to the date of termination or expiration of such plan.
A summary of the principal terms of the 2021 Share Incentive Plan which is proposed to be approved by the shareholders of Melco International
as described above is set out in Exhibit 99.1 attached to this Form 6-K.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
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MELCO RESORTS & ENTERTAINMENT LIMITED
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By:
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/s/ Stephanie Cheung
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Name:
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Stephanie Cheung
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Title:
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Chief Legal Officer and Company Secretary
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Date: May 4, 2021
EXHIBIT INDEX
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Exhibit No.
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Description
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Exhibit 99.1
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Summary of 2021 Share Incentive Plan
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