Preliminary voting results reported by Penn Entertainment this week show Johnny Hartnett and Carlos Ruisanchez being elected to the company’s board and voting at its annual shareholders meeting on June 17.
A statement from the company said:
“We are pleased to welcome Johnny and Carlos, both of whom bring highly relevant experience in digital and retail gaming to the Board. Over the past several months, we have continued to engage with our shareholders, and we look forward to incorporating feedback from those conversations as we move ahead. It is clear from this engagement that Penn’s Board, management team and shareholders are aligned in their focus on ensuring Penn is achieving its full potential.
“The Board remains committed to the close oversight of our differentiated omni-channel strategy and to delivering sustainable long-term value. We recognize there is more work to be done, and we are intently focused on driving profitability in our interactive segment and growth across the business as we continue strengthening the company’s balance sheet and liquidity position, deleveraging and accelerating capital return to shareholders. We look forward to further dialogue with our shareholders about our Board’s composition and skillset evolution, as well as Penn’s executive compensation program and strategic priorities, to ensure alignment with our shareholders.
“Thank you for your continued support and investment in PENN.”
The company will report final results on a Form 8-K that will be filed with the Securities and Exchange Commission in the coming days.
