BUSINESS WIRE<\/a>)–<\/span>UNITE HERE announced today that PENN Entertainment, Inc. (NASDAQ: PENN) shareholders approved the advisory proposal to declassify the Company\u2019s Board of Directors at PENN\u2019s Annual Meeting of Shareholders held on June 16.<\/p>\n\nThis marks the second time a majority of PENN shareholders have backed board declassification, following majority support for a similar proposal presented in 2010.<\/p>\n
\n\u201cPENN shareholders have spoken clearly: they want annual elections for all directors,\u201d said Michael Hachey, Director of Gaming Industry Research at UNITE HERE. \u201cThe Board should now take the necessary steps toward implementing declassification.\u201d<\/p>\n
\n\u201cInvestors will be looking for real, timely responsiveness here; not performative action that kicks the can down the road, and certainly not silence from leadership,\u201d said Derrick Wortes, founder and principal of Cora Strategies, a boutique advisory firm focused on shareholder activism, corporate governance, and investor engagement.<\/p>\n
\nAnnual director elections are widely recognized as a cornerstone of effective corporate governance, providing shareholders with a regular mechanism to evaluate board performance and hold directors accountable for their oversight. A classified board structure can insulate directors from shareholder feedback and diminish a board\u2019s responsiveness to investor concerns.<\/p>\n
\n\u201cBy adopting annual elections, PENN would strengthen alignment between directors and shareholders and bring its governance practices more closely in line with investor expectations,\u201d said Hachey. \u201cWe look forward to seeing how the Board takes action.\u201d<\/p>\n<\/div>\n<\/div>\n
\u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n \u2018 Some details of this article were extracted from the following source www.businesswire.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"NEW YORK–(BUSINESS WIRE)–UNITE HERE announced today that PENN Entertainment, Inc. (NASDAQ: PENN) shareholders approved the advisory proposal to declassify the Company\u2019s Board of Directors at PENN\u2019s Annual Meeting of Shareholders held on June 16. This marks the second time a majority of PENN shareholders have backed board declassification, following majority support for a similar proposal […]<\/p>\n","protected":false},"author":2,"featured_media":2463814,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[],"class_list":["post-2463813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/06\/UNITE-HERE-PENN-Entertainment-Shareholders-Approve-Board-Declassification-Proposal.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2463813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2463813"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2463813\/revisions"}],"predecessor-version":[{"id":2463815,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2463813\/revisions\/2463815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2463814"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2463813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2463813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2463813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}