Wynn Resorts reports vote results in board feud

Wynn Resorts reports vote results in board feud

By The Associated Press | Posted - Apr. 30, 2015 at 7:12 p.m.


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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.

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