Wynn Resorts reports vote results in board feud

Wynn Resorts reports vote results in board feud


2 photos
Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

LAS VEGAS (AP) — Vote results show Elaine Wynn received 21.4 percent of votes cast affirmatively for company directors in her fight to stay on the board of Wynn Resorts Ltd.

Wynn lost her campaign at last week's shareholder meeting but a vote tally wasn't immediately available.

Wynn fought to be re-elected to the casino-resort company she co-founded after directors didn't re-nominate her.

Wynn's votes represented 26.6 million shares including her own and those ex-husband Steve Wynn is obligated to vote. Combined those shares amount to 19.6 million.

Shareholders re-elected directors J. Edward Virtue with 51 million shares and John J. Hagenbuch with 46.6 million shares. Shareholders also withheld 12.3 million votes for Hagenbuch and 15 million shares for Virtue following a recommendation from proxy firm Institutional Shareholder Services that raised corporate compensation concerns.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Photos

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast