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Leading Proxy Advisory Firm ISS Recommends PENN Entertainment Shareholders Vote "FOR" All Three Director Candidates Nominated by HG Vora
NEW YORK, June 06, 2025--HG Vora Capital Management, LLC (together with its affiliates, "HG Vora") today announced that Institutional Shareholder Services Inc. ("ISS"), a leading independent proxy advisory firm, has recommended that shareholders of PENN Entertainment, Inc. (NASDAQ: PENN) ("PENN" or the "Company") cast their votes "FOR" the election of all three independent director candidates nominated by HG Vora – William Clifford, Johnny Hartnett, and Carlos Ruisanchez – to the Company’s Board
About this update from Penn Entertainment, Inc.
[{"type":"text","content":"Institutional Shareholder Services ("ISS") Recommends Shareholders Cast Votes Using the GOLD Proxy Card "FOR" William Clifford, Johnny Hartnett and Carlos Ruisanchez at PENN’s 2025 Annual Meeting","length":215,"tagName":"p","attribs":{}},{"type":"text","content":"ISS Finds a Clear Case for Meaningful Change at PENN; Highlights that PENN has "Underperformed Peers Across the Board" and Raises "Concerns About its Approach to Refreshment"","length":194,"tagName":"p","attribs":{}},{"type":"text","content":"ISS States the Independent Director Nominees Would Bring "Direct Gaming Industry Experience" to PENN’s Board","length":118,"tagName":"p","attribs":{}},{"type":"text","content":"HG Vora Urges Shareholders to Vote "FOR" All Three Independent Candidates on the GOLD Proxy Card to Express Their Desire for Genuine, Shareholder-Driven Change at PENN","length":177,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, June 06, 2025--(BUSINESS WIRE)--HG Vora Capital Management, LLC (together with its affiliates, "HG Vora") today announced that Institutional Shareholder Services Inc. ("ISS"), a leading independent proxy advisory firm, has recommended that shareholders of PENN Entertainment, Inc. (NASDAQ: PENN) ("PENN" or the "Company") cast their votes "FOR" the election of all three independent director candidates nominated by HG Vora – William Clifford, Johnny Hartnett, and Carlos Ruisanchez – to the Company’s Board of Directors (the "Board") on the GOLD proxy card at PENN’s 2025 Annual Meeting of Shareholders (the "Annual Meeting"), scheduled for June 17, 2025.","length":736,"tagName":"p"},{"type":"text","content":"In its report,* ISS concluded that PENN’s performance under current leadership has "been disappointing over all measurement periods", that the Board’s misguided interactive strategy has "failed to drive the returns expected by shareholders", and that there is "clearly a case for board change" given there is "little evidence that the board has been able to hold management accountable."","length":427,"tagName":"p"},{"type":"text","content":"With respect to PENN’s significant underperformance and strategic errors under the current Board, ISS said:","lengt...