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: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.