Mary Chris Jammet
About Mary Chris Jammet
Mary Chris Jammet is an independent director of MGM Resorts International, serving on the board since 2014. She is 56 years old, a former senior portfolio manager and equity research analyst focused on gaming and lodging, and the founder/principal of Bristol Partners, LLC . She holds a CERT Certificate in Cybersecurity Oversight from Carnegie Mellon’s Software Engineering Institute (2020), underscoring board-relevant cybersecurity credentials .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Legg Mason Global Asset Management (now Franklin Templeton) | Equity Research Analyst (Gaming/Lodging) | 1989–1998 | Covered industry fundamentals; built domain expertise |
| Legg Mason Global Asset Management (now Franklin Templeton) | Senior Vice President & Portfolio Manager | 1998–2013 | Managed $20B across U.S. and international clients |
| Payless ShoeSource Inc. | Independent Director | Jun 2018–Jan 2019 | Chair: Nominating & Governance; Chair: Corporate Social Responsibility; Member: Special Committee |
External Roles
| Organization | Role | Tenure | Committees |
|---|---|---|---|
| Adams Funds (closed-end public funds) | Director | Since Dec 2020 | Chair: Audit; Member: Nominating & Governance, Compensation, Executive |
| Loyola University Maryland (Sellinger School) | Finance Dept Advisory Board Member | Not disclosed | Advisory engagement |
Board Governance
- Independence: The Board determined Ms. Jammet is independent under NYSE rules; all members of Audit, Human Capital & Compensation, and Nominating/Governance committees are independent and meet NYSE/SEC standards .
- Committee assignments and expertise:
- Audit Committee member; all current members are designated financial experts and NYSE/SEC qualified .
- Human Capital & Compensation Committee member .
- Corporate Social Responsibility & Sustainability Committee member .
- Attendance and engagement: In 2024, the Board met five times; each director attended at least 75% of Board and applicable committee meetings, and ten of eleven then-current directors attended the virtual annual meeting .
- Executive sessions and governance practices: Separate Chair/CEO roles; regular executive sessions of independent directors; robust governance guidelines, code of conduct, proxy access, and director stock ownership guidelines .
- Audit oversight: Signatory to Audit Committee Report in 2024 and 2025, evidencing active audit oversight participation .
Fixed Compensation
| Year | Cash Fees ($) | Equity RSUs ($ fair value) | Other Comp (MGM Rewards Points) ($) | Total ($) |
|---|---|---|---|---|
| 2024 | 157,500 | 215,000 (5,261 RSUs) | 35,000 | 407,500 |
| 2023 | 150,000 | 190,000 (4,344 RSUs) | 17,360 | 357,360 |
Compensation structure for independent directors (2024): annual retainer $100,000; $20,000 per committee; $20,000 for committee chair (if applicable); $7,500 diligence fee; MGM China board service $105,000; annual equity grant $215,000; per-meeting fees: none . The Board increased the annual equity grant (to $215,000 from $190,000) and cash retainer (to $100,000 from $90,000) to align with peer median .
Performance Compensation
Directors receive time-based RSUs (no performance metrics). 2024 RSUs: 5,261 granted in May 2024, vest May 2, 2025; 2023 RSUs: 4,344 granted in May 2023, vest May 1, 2024 .
| Grant Year | Grant Date | RSUs Granted | Fair Value ($) | Vesting |
|---|---|---|---|---|
| 2024 | May 2024 | 5,261 | 215,000 | Vests May 2, 2025 |
| 2023 | May 2023 | 4,344 | 190,000 | Vests May 1, 2024 |
Policies: Anti-hedging and anti-pledging apply to directors; clawback policy addresses erroneously awarded incentive-based comp (primarily executive-focused per NYSE standards) .
Other Directorships & Interlocks
- Adams Funds: Current public company directorship; audit chair role indicates deep financial oversight experience .
- No disclosed related-party transactions or Item 404 relationships involving Ms. Jammet; Human Capital & Compensation Committee interlocks: none; no insider participation .
Expertise & Qualifications
- Finance: Former SVP portfolio manager overseeing $20B; audit chair in external board service .
- Industry: Prior equity analyst coverage of gaming and lodging; direct domain knowledge applicable to MGM .
- Cybersecurity oversight: CERT Certificate in Cybersecurity Oversight (SEI, Carnegie Mellon) .
- Governance: Multiple committee roles (Audit; Human Capital & Compensation; CSR & Sustainability) reflect broad governance skill set .
Equity Ownership
| As of | Common Shares | RSUs Exercisable/Vesting ≤60 Days | Total Beneficial Ownership | % of Class | Deferred Stock Units |
|---|---|---|---|---|---|
| Mar 14, 2025 | 5,250 | 5,261 | 10,511 | <1% | 8,954 |
Stock ownership guidelines: Directors must reach 5x annual base cash retainer within five years; all directors were in compliance or on track as of Dec 31, 2024 .
Governance Assessment
- Board effectiveness: Independent status, multi-committee engagement, and audit financial expert designation support strong governance oversight and investor confidence .
- Alignment: Equity retainer in RSUs and director stock ownership guidelines enhance alignment; Ms. Jammet holds common shares, RSUs, and DSUs consistent with policy .
- Attendance & engagement: Minimum attendance threshold met; audit report signatory indicates active involvement .
- Conflicts & related-party exposure: No Item 404 related-party issues disclosed for Ms. Jammet; company’s related-party policies overseen by Audit Committee are robust .
- Compensation signals: YOY increase in director cash/equity retainer reflects peer alignment, not pay inflation red flag; compensation capped by omnibus plan .
- Risk indicators: Company prohibits hedging/pledging by directors; no Section 16 filing issues noted for Ms. Jammet; strong say-on-pay (95.6% in 2024) reflects shareholder support for compensation governance generally .
RED FLAGS: None disclosed specific to Ms. Jammet (no related-party transactions, no pledging/hedging, no low attendance, no compensation anomalies). Facility-use MGM Rewards Points are disclosed and standardized; fair value reported as “All Other Compensation” ($35,000 in 2024) and do not indicate preferential related-party arrangements .