Wynn shareholders reject executive compensation plan
Reuters
Published May 23, 2018 12:20AM ET
Wynn shareholders reject executive compensation plan
(Reuters) - Shareholders of casino operator Wynn Resorts Ltd (O:WYNN) voted against the company's executive compensation plan at its annual meeting last week, Wynn said in a regulatory filing late on Tuesday.
The company's founder, Steve Wynn, resigned earlier this year after allegations of sexual misconduct and disposed his entire 11.8 percent stake in the firm for $2.1 billion.
Nearly 80 percent of the company's shareholders voted against the compensation proposal.
Wynn Resorts could not be immediately reached for comment on the vote.
In a separate filing on Tuesday, Wynn said the compensation committee would comprise all three of its recently-appointed female board members.
The company had said the appointments, made last month, were intended to help "improve the workplace environment and further stabilize Wynn".
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Written By: Reuters
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