Penn Entertainment appoints Johnny Hartnett and Carlos Ruisanchez as board members
Both board members were elected during the 2025 Annual Meeting amid a dispute over the number of available board seats.
Key Points
- Shareholders approved Hartnett and Ruisanchez at the June 17 meeting
- HG Vora Capital filed a lawsuit over the reduction of board seats up for election
- Penn stated it will continue discussions with shareholders on board composition and strategic direction
Penn Entertainment has appointed Johnny Hartnett and Carlos Ruisanchez to serve on the Company’s Board of Directors.
After its 2025 Annual Meeting of Shareholders held in Wyomissing on June 17, 2025, shareholders elected both director nominees put forward by the company.
According to the statement released by the company, the two elected directors bring highly relevant experience in digital and retail gaming to the Board.
Besides, it has stated that, over the past several months, the company has engaged with its shareholders and plans to incorporate feedback from those conversations moving forward, aiming to “achieve its full potential.”
Penn has recently been involved in controversy due to the reduction of seats on the Board of Directors.
Regarding this, HG Vora Capital Management sued the company in the United States District Court for the Eastern District of Pennsylvania, alleging that Penn Entertainment violated the shareholders’ interests when it decided to reduce the number of seats up for election from three to two at the operator’s upcoming 2025 Annual Meeting of Shareholders.
After that, the company released a statement responding to the Institutional Shareholder Services (ISS) and encouraging shareholders to vote for Hartnett and Ruisanchez.
Good to know: Penn currently operates in 28 jurisdictions throughout North America
The discussion was held after the company nominated Harnett and Ruisanchez, who were ultimately elected to the Board.
The company concluded its statement by saying: “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.”
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
