PENN Entertainment has officially responded to the Institutional Shareholder Services (ISS) report regarding the upcoming Annual Meeting of Shareholders on June 17, 2025. The company reiterates its nomination of Johnny Hartnett and Carlos Ruisanchez for the available director seats, aligning with HG Vora’s recommendations.
Key Points
- PENN and HG Vora are recommending Johnny Hartnett and Carlos Ruisanchez for two open director positions.
- ISS praises PENN for seriously considering all director candidates put forward by HG Vora.
- PENN criticises ISS for presenting an unrealistic view of candidate William Clifford, citing his resistance to necessary market changes.
- The company values shareholder feedback and is committed to enhancing its Board composition for better governance.
- 75% of PENN’s directors will have joined since 2019, highlighting a significant renewal in leadership.
Why should I read this?
If you’re keeping an eye on corporate governance changes in the entertainment and gaming industry, this article is a must-read! It gives you the inside scoop on PENN Entertainment’s strategic nominations and their take on shareholder dynamics. With major changes around the corner, knowing these details can help you stay ahead of the curve.