Penn Entertainment Inc. has issued a letter to its shareholders informing them about the upcoming Annual Meeting on May 19, 2025. The company stated that it will not be expending resources to solicit proxies for the PENN White Card over the HG Vora Gold Card, as both PENN and HG Vora are recommending the same directors for the two open board positions. Despite ongoing disputes, including HG Vora's campaign of misstatements about PENN's Board and management, both parties agree on the director nominations. PENN's letter emphasized its commitment to shareholder engagement and long-term value creation. Following the meeting, HG Vora nominees are expected to represent 25% of the Board.
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