06.04.2015 05:26:10
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Elaine Wynn Comments On ISS Report On Wynn Resorts Director Nominees
(RTTNews) - Elaine Wynn, co-founder, Board member and third-largest stockholder of Wynn Resorts, Limited (WYNN) commented on the recommendation from Institutional Shareholder Service or "ISS", a leading independent proxy advisory service, that Wynn stockholders WITHHOLD their vote for management's nominees for the Wynn Resorts Board of Directors at the upcoming 2015 Annual Meeting.
In response, Elaine Wynn said, "I believe the stockholders of Wynn Resorts deserve better than the choices presented to them by the Company this proxy season, and the only way to achieve meaningful value creation for my fellow stockholders is to vote the GOLD card FOR my reelection at the upcoming Annual Meeting."
Elaine Wynn said that the ISS report raises a number of important concerns about the performance of the Board. She firmly believed her judgment, considerable experience, important diversity and willingness to challenge the status quo makes her the best positioned candidate to guard and grow stockholders' interest and identify additional diverse candidates with independent voices.
"As the third largest stockholder, my interests inextricably align with my fellow stockholders, giving me a unique perspective on protecting and increasing the value of our collective investment in the future. The Company, by contrast, continues to disseminate comments designed to obscure the truth, as they did tonight in their statement on the ISS recommendation, and it is my hope that other stockholders recognize my value and vote FOR my reelection using the GOLD proxy card TODAY. " Elaine said.
Elaine Wynn said that the proxy advisory firm expressed dissatisfaction with the board's questionable commitment to good governance practices in recommendation to Withhold Votes from John Hagenbuch and Edward Virtue.
As previously indicated, Elaine has filed a proxy statement with a GOLD proxy card with the SEC in order to solicit votes for her re-nomination to the Board. Wynn Resorts stockholders can vote for Elaine by returning the GOLD proxy card or instruction form physically or by voting online or by telephone.
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