Shareholder Activism Intensifies as ISS Backs HG Vora's Director Nominees for PENN Entertainment's 2025 Annual Meeting

Reuters
06-06
Shareholder Activism Intensifies as ISS Backs HG Vora's Director Nominees for PENN Entertainment's 2025 Annual Meeting

Penn Entertainment Inc. is experiencing significant shareholder activism ahead of its 2025 Annual Meeting scheduled for June 17. HG Vora Capital Management, LLC, a notable shareholder, is urging fellow shareholders to vote in favor of three independent director candidates-William Clifford, Johnny Hartnett, and Carlos Ruisanchez-nominated by HG Vora. Institutional Shareholder Services (ISS), a leading proxy advisory firm, has endorsed these candidates, citing the need for meaningful change on PENN's Board of Directors. ISS highlighted concerns over PENN's strategic direction, noting the company's underperformance and the failure of its interactive strategy to deliver expected shareholder returns. Shareholders are encouraged to vote using the GOLD proxy card to express their desire for board change. For further voting instructions, stakeholders are directed to PENN's official website or encouraged to contact the proxy solicitor, Okapi Partners.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Penn Entertainment Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250606852752) on June 06, 2025, and is solely responsible for the information contained therein.

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