Penn rejects William Clifford’s board candidacy after ISS backs dissident slate
Penn said it opposed William Clifford’s board candidacy after Institutional Shareholder Services recommended that investors support three nominees proposed by HG Vora. Penn said it supported Johnny Hartnett and Carlos Ruisanchez joining the board, but argued Clifford’s views could hinder decision-making; shareholders were due to vote at the 17 June annual meeting.
The dispute could affect the composition of Penn’s board and the outcome of the shareholder vote.