AGÕæÈ˹ٷ½

STOCK TITAN

[8-K] PENN Entertainment, Inc. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

PENN Entertainment (Nasdaq:PENN) filed a Form 8-K reporting the final voting results from its 2025 Annual Meeting held on June 17 2025, at which 117,166,555 shares were represented.

Director elections: Class II nominees Johnny Harnett and Carlos Ruisanchez were re-elected to the board through the 2028 meeting, receiving 108.4 million and 108.4 million votes FOR, respectively, with fewer than 0.7 million votes withheld for each and 8.1 million broker non-votes.

Auditor ratification: PricewaterhouseCoopers LLP was reaffirmed as independent auditor for fiscal 2025 by a wide margin�112.9 million FOR, 1.2 million AGAINST, 3.0 million abstentions.

Say-on-pay (advisory vote): Shareholders rejected the 2024 executive compensation package; only 38.4 million votes (�37%) were in favor versus 65.1 million (�63%) against, with 4.8 million abstentions and 8.9 million broker non-votes, signalling notable dissatisfaction with pay practices.

Equity plan amendment: The second amendment to the 2022 Long-Term Incentive Compensation Plan passed�77.3 million FOR (�65%), 26.3 million AGAINST, 4.7 million abstentions.

Shareholder proposal: A proposal requesting a report on the impacts of adopting a company-wide non-smoking policy failed (21.5 million FOR, 81.7 million AGAINST, 5.0 million abstentions).

Under Item 7.01, the company furnished (not filed) a press release summarizing preliminary results; no financial statements or operational updates accompanied this disclosure.

PENN Entertainment (Nasdaq:PENN) ha presentato un modulo 8-K riportando i risultati finali delle votazioni della sua Assemblea Annuale 2025, tenutasi il 17 giugno 2025, durante la quale sono state rappresentate 117.166.555 azioni.

Elecciones de directores: I candidati della Classe II Johnny Harnett e Carlos Ruisanchez sono stati rieletti nel consiglio fino all'assemblea del 2028, ricevendo rispettivamente 108,4 milioni di voti a favore, con meno di 0,7 milioni di voti trattenuti per ciascuno e 8,1 milioni di voti non espressi dai broker.

Ratifica del revisore: PricewaterhouseCoopers LLP è stata riconfermata come revisore indipendente per l'esercizio 2025 con un ampio margine: 112,9 milioni di voti a favore, 1,2 milioni contrari e 3,0 milioni di astensioni.

Voto consultivo sulla remunerazione: Gli azionisti hanno respinto il pacchetto di compensi esecutivi per il 2024; solo 38,4 milioni di voti (circa il 37%) erano a favore contro 65,1 milioni (circa il 63%) contrari, con 4,8 milioni di astensioni e 8,9 milioni di voti non espressi dai broker, segnalando un notevole malcontento sulle pratiche retributive.

Modifica al piano azionario: La seconda modifica al Piano di Incentivi a Lungo Termine 2022 è stata approvata con 77,3 milioni di voti a favore (circa il 65%), 26,3 milioni contrari e 4,7 milioni di astensioni.

Proposta degli azionisti: Una proposta che richiedeva un rapporto sugli impatti dell'adozione di una politica aziendale di non fumo è stata respinta (21,5 milioni a favore, 81,7 milioni contrari, 5,0 milioni di astensioni).

Ai sensi dell'Articolo 7.01, la società ha fornito (ma non depositato) un comunicato stampa che riassume i risultati preliminari; non sono stati allegati bilanci o aggiornamenti operativi a questa comunicazione.

PENN Entertainment (Nasdaq:PENN) presentó un Formulario 8-K reportando los resultados finales de votación de su Asamblea Anual 2025 celebrada el 17 de junio de 2025, en la que se representaron 117.166.555 acciones.

Elecciones de directores: Los nominados de la Clase II Johnny Harnett y Carlos Ruisanchez fueron reelectos para la junta hasta la reunión de 2028, recibiendo 108.4 millones y 108.4 millones de votos a favor, respectivamente, con menos de 0.7 millones de votos retenidos para cada uno y 8.1 millones de votos de corretaje no emitidos.

Ratificación del auditor: PricewaterhouseCoopers LLP fue reafirmado como auditor independiente para el año fiscal 2025 por un amplio margen�112.9 millones a favor, 1.2 millones en contra, 3.0 millones de abstenciones.

Voto consultivo sobre la remuneración: Los accionistas rechazaron el paquete de compensación ejecutiva 2024; solo 38.4 millones de votos (�37%) estuvieron a favor frente a 65.1 millones (�63%) en contra, con 4.8 millones de abstenciones y 8.9 millones de votos de corretaje no emitidos, señalando un descontento notable con las prácticas salariales.

Enmienda al plan de acciones: La segunda enmienda al Plan de Compensación a Largo Plazo 2022 fue aprobada�77.3 millones a favor (�65%), 26.3 millones en contra, 4.7 millones de abstenciones.

Propuesta de accionistas: Una propuesta que solicitaba un informe sobre los impactos de adoptar una política de no fumar en toda la empresa fue rechazada (21.5 millones a favor, 81.7 millones en contra, 5.0 millones de abstenciones).

Bajo el ítem 7.01, la compañía proporcionó (pero no presentó) un comunicado de prensa que resume resultados preliminares; no se acompañaron estados financieros ni actualizaciones operativas con esta divulgación.

PENN Entertainment (Nasdaq:PENN)ì€ 2025ë…� 6ì›� 17ì¼ì— 개최ë� 2025ë…� ì—°ë¡€ 주주ì´íšŒ 최종 투표 ê²°ê³¼ë¥� 보고하는 Form 8-Kë¥� 제출했으ë©�, ì´� 117,166,555ì£¼ì˜ ì£¼ì‹ì� 대표ë˜ì—ˆìŠµë‹ˆë‹¤.

ì´ì‚¬ ì„ ì¶œ: í´ëž˜ìŠ� II 후보ì� Johnny Harnett와 Carlos Ruisanchezê°€ 2028ë…� ì´íšŒê¹Œì§€ ì´ì‚¬íšŒì— 재선ë˜ì—ˆìœ¼ë©°, ê°ê° 1ì–� 840ë§� í‘œì˜ ì°¬ì„±í‘œë¥¼ 받았ê³�, ê°� 후보ì—� 대í•� 70ë§� í‘� 미만ì� 기권표와 810ë§� ì£¼ì˜ ì¤‘ê°œì� 무투표가 있었습니ë‹�.

ê°ì‚¬ì� 승ì¸: PricewaterhouseCoopers LLPê°€ 2025 íšŒê³„ì—°ë„ ë…립 ê°ì‚¬ì¸ìœ¼ë¡� 재확ì¸ë˜ì—ˆìœ¼ë©�, 찬성 1ì–� 1290ë§� í‘�, 반대 120ë§� í‘�, 기권 300ë§� 표로 í� ì°¨ì´ë¡� 승ì¸ë˜ì—ˆìŠµë‹ˆë‹�.

보수ì—� 대í•� 권고 투표: ì£¼ì£¼ë“¤ì€ 2024ë…� ê²½ì˜ì§� 보수 패키지ë¥� 거부했으ë©�, ì°¬ì„±ì€ 3840ë§� í‘�(ì•� 37%)ì—� 불과했고 반대ëŠ� 6510ë§� í‘�(ì•� 63%)였으며, 480ë§� í‘œì˜ ê¸°ê¶Œê³� 890ë§� ì£¼ì˜ ì¤‘ê°œì� 무투표가 있어 보수 ì •ì±…ì—� 대í•� ìƒë‹¹í•� 불만ì� 나타냈습니다.

ì£¼ì‹ ê³„íš ìˆ˜ì •ì•�: 2022ë…� 장기 ì¸ì„¼í‹°ë¸Œ ë³´ìƒ ê³„íšì—� 대í•� ë‘� 번째 ìˆ˜ì •ì•ˆì´ í†µê³¼ë˜ì—ˆìœ¼ë©°, 찬성 7730ë§� í‘�(ì•� 65%), 반대 2630ë§� í‘�, 기권 470ë§� 표였습니ë‹�.

주주 제안: 회사 ì „ë°˜ì� 금연 ì •ì±… ë„ìž… ì˜í–¥ì—� 대í•� 보고서를 요청하는 ì œì•ˆì€ ë¶€ê²°ë˜ì—ˆìœ¼ë©�, 찬성 2150ë§� í‘�, 반대 8170ë§� í‘�, 기권 500ë§� 표였습니ë‹�.

항목 7.01ì—� ë”°ë¼ íšŒì‚¬ëŠ� 예비 ê²°ê³¼ë¥� 요약í•� ë³´ë„ìžë£Œë¥� 제공했으ë‚�(제출 아님), 재무제표ë‚� ìš´ì˜ ì—…ë°ì´íЏëŠ� í¬í•¨ë˜ì§€ 않았습니ë‹�.

PENN Entertainment (Nasdaq:PENN) a déposé un formulaire 8-K rapportant les résultats finaux des votes de son assemblée annuelle 2025 tenue le 17 juin 2025, lors de laquelle 117 166 555 actions étaient représentées.

Élections des administrateurs : Les candidats de la classe II, Johnny Harnett et Carlos Ruisanchez, ont été réélus au conseil jusqu'à l'assemblée de 2028, recevant respectivement 108,4 millions de voix POUR, avec moins de 0,7 million de voix retenues pour chacun et 8,1 millions de votes non exprimés par les courtiers.

Ratification de l'auditeur : PricewaterhouseCoopers LLP a été reconfirmé en tant qu'auditeur indépendant pour l'exercice 2025 par une large majorité�112,9 millions de votes POUR, 1,2 million CONTRE, 3,0 millions d'abstentions.

Vote consultatif sur la rémunération : Les actionnaires ont °ù±ðÂá±ð³Ùé le paquet de rémunération des dirigeants 2024 ; seuls 38,4 millions de votes (â‰�37 %) étaient en faveur contre 65,1 millions (â‰�63 %) contre, avec 4,8 millions d'abstentions et 8,9 millions de votes non exprimés par les courtiers, signalant un mécontentement notable quant aux pratiques salariales.

Modification du plan d'actions : La deuxième modification du Plan de rémunération incitative à long terme 2022 a été adoptée�77,3 millions POUR (�65 %), 26,3 millions CONTRE, 4,7 millions d'abstentions.

Proposition des actionnaires : Une proposition demandant un rapport sur les impacts de l'adoption d'une politique anti-tabac à l'échelle de l'entreprise a échoué (21,5 millions POUR, 81,7 millions CONTRE, 5,0 millions d'abstentions).

En vertu de l'article 7.01, la société a fourni (sans déposer) un communiqué de presse résumant les résultats préliminaires ; aucun état financier ni mise à jour opérationnelle n'a accompagné cette divulgation.

PENN Entertainment (Nasdaq:PENN) hat ein Formular 8-K eingereicht, in dem die endgültigen Abstimmungsergebnisse seiner Hauptversammlung 2025 vom 17. Juni 2025 gemeldet werden, bei der 117.166.555 Aktien vertreten waren.

Direktorenwahlen: Die Kandidaten der Klasse II, Johnny Harnett und Carlos Ruisanchez, wurden bis zur Versammlung 2028 wieder in den Vorstand gewählt und erhielten jeweils 108,4 Millionen Stimmen FÜR, mit weniger als 0,7 Millionen Enthaltungen pro Kandidat und 8,1 Millionen Broker-Nichtstimmen.

Bestätigung des Abschlussprüfers: PricewaterhouseCoopers LLP wurde mit großer Mehrheit als unabhängiger Abschlussprüfer für das Geschäftsjahr 2025 bestätigt�112,9 Millionen Stimmen FÜR, 1,2 Millionen DAGEGEN, 3,0 Millionen Enthaltungen.

Beratende Abstimmung zur Vergütung: Die Aktionäre lehnten das Vergütungspaket für Führungskräfte 2024 ab; nur 38,4 Millionen Stimmen (�37%) waren dafür, gegenüber 65,1 Millionen (�63%) dagegen, mit 4,8 Millionen Enthaltungen und 8,9 Millionen Broker-Nichtstimmen, was auf erhebliche Unzufriedenheit mit den Vergütungspraktiken hinweist.

Änderung des Aktienplans: Die zweite Änderung des Long-Term Incentive Compensation Plan 2022 wurde angenommen�77,3 Millionen FÜR (�65%), 26,3 Millionen DAGEGEN, 4,7 Millionen Enthaltungen.

´¡°ì³Ù¾±´Ç²Ôä°ù²õ±¹´Ç°ù²õ³¦³ó±ô²¹²µ: Ein Vorschlag, der einen Bericht über die Auswirkungen der Einführung einer unternehmensweiten Nichtraucherpolitik forderte, wurde abgelehnt (21,5 Millionen FÜR, 81,7 Millionen DAGEGEN, 5,0 Millionen Enthaltungen).

Unter Punkt 7.01 stellte das Unternehmen eine Pressemitteilung mit einer Zusammenfassung der vorläufigen Ergebnisse bereit (nicht eingereicht); keine Finanzberichte oder operative Updates wurden mit dieser Offenlegung veröffentlicht.

Positive
  • None.
Negative
  • Shareholders rejected 2024 executive compensation: only 38.4 million votes FOR (â‰�37%) versus 65.1 million AGAINST, indicating significant governance concern.

Insights

TL;DR: Failed say-on-pay spotlights compensation concerns despite board stability.

The decisive 63% opposition to 2024 executive pay is the filing’s most material element. While advisory, such a defeat often triggers board-level review of pay metrics, heightened proxy-adviser scrutiny and potential engagement by activist investors. In contrast, directors were re-elected with near-unanimous support and PwC’s ratification (97% FOR) preserves audit continuity, indicating shareholder frustration is narrowly focused on remuneration rather than broad governance. Approval of the LTIP amendment suggests investors still endorse equity-based incentives, but want different payout structures. The failed non-smoking proposal shows limited appetite for operational policy changes. Overall, the event adds moderate governance risk that may influence future compensation design but carries negligible near-term financial impact.

TL;DR: Routine meeting with one surprise—compensation vote fails, limited market impact.

Aside from the compensation defeat, outcomes were predictable: directors retained, auditor confirmed, LTIP expanded. Historically, isolated say-on-pay failures produce modest price reactions unless followed by further activism. Because no operational or financial data were disclosed, consensus estimates, leverage and liquidity assumptions remain unchanged. Still, the vote could catalyze discussions with large holders ahead of the 2026 proxy season. Near-term valuation effect is neutral, but governance optics warrant monitoring.

PENN Entertainment (Nasdaq:PENN) ha presentato un modulo 8-K riportando i risultati finali delle votazioni della sua Assemblea Annuale 2025, tenutasi il 17 giugno 2025, durante la quale sono state rappresentate 117.166.555 azioni.

Elecciones de directores: I candidati della Classe II Johnny Harnett e Carlos Ruisanchez sono stati rieletti nel consiglio fino all'assemblea del 2028, ricevendo rispettivamente 108,4 milioni di voti a favore, con meno di 0,7 milioni di voti trattenuti per ciascuno e 8,1 milioni di voti non espressi dai broker.

Ratifica del revisore: PricewaterhouseCoopers LLP è stata riconfermata come revisore indipendente per l'esercizio 2025 con un ampio margine: 112,9 milioni di voti a favore, 1,2 milioni contrari e 3,0 milioni di astensioni.

Voto consultivo sulla remunerazione: Gli azionisti hanno respinto il pacchetto di compensi esecutivi per il 2024; solo 38,4 milioni di voti (circa il 37%) erano a favore contro 65,1 milioni (circa il 63%) contrari, con 4,8 milioni di astensioni e 8,9 milioni di voti non espressi dai broker, segnalando un notevole malcontento sulle pratiche retributive.

Modifica al piano azionario: La seconda modifica al Piano di Incentivi a Lungo Termine 2022 è stata approvata con 77,3 milioni di voti a favore (circa il 65%), 26,3 milioni contrari e 4,7 milioni di astensioni.

Proposta degli azionisti: Una proposta che richiedeva un rapporto sugli impatti dell'adozione di una politica aziendale di non fumo è stata respinta (21,5 milioni a favore, 81,7 milioni contrari, 5,0 milioni di astensioni).

Ai sensi dell'Articolo 7.01, la società ha fornito (ma non depositato) un comunicato stampa che riassume i risultati preliminari; non sono stati allegati bilanci o aggiornamenti operativi a questa comunicazione.

PENN Entertainment (Nasdaq:PENN) presentó un Formulario 8-K reportando los resultados finales de votación de su Asamblea Anual 2025 celebrada el 17 de junio de 2025, en la que se representaron 117.166.555 acciones.

Elecciones de directores: Los nominados de la Clase II Johnny Harnett y Carlos Ruisanchez fueron reelectos para la junta hasta la reunión de 2028, recibiendo 108.4 millones y 108.4 millones de votos a favor, respectivamente, con menos de 0.7 millones de votos retenidos para cada uno y 8.1 millones de votos de corretaje no emitidos.

Ratificación del auditor: PricewaterhouseCoopers LLP fue reafirmado como auditor independiente para el año fiscal 2025 por un amplio margen�112.9 millones a favor, 1.2 millones en contra, 3.0 millones de abstenciones.

Voto consultivo sobre la remuneración: Los accionistas rechazaron el paquete de compensación ejecutiva 2024; solo 38.4 millones de votos (�37%) estuvieron a favor frente a 65.1 millones (�63%) en contra, con 4.8 millones de abstenciones y 8.9 millones de votos de corretaje no emitidos, señalando un descontento notable con las prácticas salariales.

Enmienda al plan de acciones: La segunda enmienda al Plan de Compensación a Largo Plazo 2022 fue aprobada�77.3 millones a favor (�65%), 26.3 millones en contra, 4.7 millones de abstenciones.

Propuesta de accionistas: Una propuesta que solicitaba un informe sobre los impactos de adoptar una política de no fumar en toda la empresa fue rechazada (21.5 millones a favor, 81.7 millones en contra, 5.0 millones de abstenciones).

Bajo el ítem 7.01, la compañía proporcionó (pero no presentó) un comunicado de prensa que resume resultados preliminares; no se acompañaron estados financieros ni actualizaciones operativas con esta divulgación.

PENN Entertainment (Nasdaq:PENN)ì€ 2025ë…� 6ì›� 17ì¼ì— 개최ë� 2025ë…� ì—°ë¡€ 주주ì´íšŒ 최종 투표 ê²°ê³¼ë¥� 보고하는 Form 8-Kë¥� 제출했으ë©�, ì´� 117,166,555ì£¼ì˜ ì£¼ì‹ì� 대표ë˜ì—ˆìŠµë‹ˆë‹¤.

ì´ì‚¬ ì„ ì¶œ: í´ëž˜ìŠ� II 후보ì� Johnny Harnett와 Carlos Ruisanchezê°€ 2028ë…� ì´íšŒê¹Œì§€ ì´ì‚¬íšŒì— 재선ë˜ì—ˆìœ¼ë©°, ê°ê° 1ì–� 840ë§� í‘œì˜ ì°¬ì„±í‘œë¥¼ 받았ê³�, ê°� 후보ì—� 대í•� 70ë§� í‘� 미만ì� 기권표와 810ë§� ì£¼ì˜ ì¤‘ê°œì� 무투표가 있었습니ë‹�.

ê°ì‚¬ì� 승ì¸: PricewaterhouseCoopers LLPê°€ 2025 íšŒê³„ì—°ë„ ë…립 ê°ì‚¬ì¸ìœ¼ë¡� 재확ì¸ë˜ì—ˆìœ¼ë©�, 찬성 1ì–� 1290ë§� í‘�, 반대 120ë§� í‘�, 기권 300ë§� 표로 í� ì°¨ì´ë¡� 승ì¸ë˜ì—ˆìŠµë‹ˆë‹�.

보수ì—� 대í•� 권고 투표: ì£¼ì£¼ë“¤ì€ 2024ë…� ê²½ì˜ì§� 보수 패키지ë¥� 거부했으ë©�, ì°¬ì„±ì€ 3840ë§� í‘�(ì•� 37%)ì—� 불과했고 반대ëŠ� 6510ë§� í‘�(ì•� 63%)였으며, 480ë§� í‘œì˜ ê¸°ê¶Œê³� 890ë§� ì£¼ì˜ ì¤‘ê°œì� 무투표가 있어 보수 ì •ì±…ì—� 대í•� ìƒë‹¹í•� 불만ì� 나타냈습니다.

ì£¼ì‹ ê³„íš ìˆ˜ì •ì•�: 2022ë…� 장기 ì¸ì„¼í‹°ë¸Œ ë³´ìƒ ê³„íšì—� 대í•� ë‘� 번째 ìˆ˜ì •ì•ˆì´ í†µê³¼ë˜ì—ˆìœ¼ë©°, 찬성 7730ë§� í‘�(ì•� 65%), 반대 2630ë§� í‘�, 기권 470ë§� 표였습니ë‹�.

주주 제안: 회사 ì „ë°˜ì� 금연 ì •ì±… ë„ìž… ì˜í–¥ì—� 대í•� 보고서를 요청하는 ì œì•ˆì€ ë¶€ê²°ë˜ì—ˆìœ¼ë©�, 찬성 2150ë§� í‘�, 반대 8170ë§� í‘�, 기권 500ë§� 표였습니ë‹�.

항목 7.01ì—� ë”°ë¼ íšŒì‚¬ëŠ� 예비 ê²°ê³¼ë¥� 요약í•� ë³´ë„ìžë£Œë¥� 제공했으ë‚�(제출 아님), 재무제표ë‚� ìš´ì˜ ì—…ë°ì´íЏëŠ� í¬í•¨ë˜ì§€ 않았습니ë‹�.

PENN Entertainment (Nasdaq:PENN) a déposé un formulaire 8-K rapportant les résultats finaux des votes de son assemblée annuelle 2025 tenue le 17 juin 2025, lors de laquelle 117 166 555 actions étaient représentées.

Élections des administrateurs : Les candidats de la classe II, Johnny Harnett et Carlos Ruisanchez, ont été réélus au conseil jusqu'à l'assemblée de 2028, recevant respectivement 108,4 millions de voix POUR, avec moins de 0,7 million de voix retenues pour chacun et 8,1 millions de votes non exprimés par les courtiers.

Ratification de l'auditeur : PricewaterhouseCoopers LLP a été reconfirmé en tant qu'auditeur indépendant pour l'exercice 2025 par une large majorité�112,9 millions de votes POUR, 1,2 million CONTRE, 3,0 millions d'abstentions.

Vote consultatif sur la rémunération : Les actionnaires ont °ù±ðÂá±ð³Ùé le paquet de rémunération des dirigeants 2024 ; seuls 38,4 millions de votes (â‰�37 %) étaient en faveur contre 65,1 millions (â‰�63 %) contre, avec 4,8 millions d'abstentions et 8,9 millions de votes non exprimés par les courtiers, signalant un mécontentement notable quant aux pratiques salariales.

Modification du plan d'actions : La deuxième modification du Plan de rémunération incitative à long terme 2022 a été adoptée�77,3 millions POUR (�65 %), 26,3 millions CONTRE, 4,7 millions d'abstentions.

Proposition des actionnaires : Une proposition demandant un rapport sur les impacts de l'adoption d'une politique anti-tabac à l'échelle de l'entreprise a échoué (21,5 millions POUR, 81,7 millions CONTRE, 5,0 millions d'abstentions).

En vertu de l'article 7.01, la société a fourni (sans déposer) un communiqué de presse résumant les résultats préliminaires ; aucun état financier ni mise à jour opérationnelle n'a accompagné cette divulgation.

PENN Entertainment (Nasdaq:PENN) hat ein Formular 8-K eingereicht, in dem die endgültigen Abstimmungsergebnisse seiner Hauptversammlung 2025 vom 17. Juni 2025 gemeldet werden, bei der 117.166.555 Aktien vertreten waren.

Direktorenwahlen: Die Kandidaten der Klasse II, Johnny Harnett und Carlos Ruisanchez, wurden bis zur Versammlung 2028 wieder in den Vorstand gewählt und erhielten jeweils 108,4 Millionen Stimmen FÜR, mit weniger als 0,7 Millionen Enthaltungen pro Kandidat und 8,1 Millionen Broker-Nichtstimmen.

Bestätigung des Abschlussprüfers: PricewaterhouseCoopers LLP wurde mit großer Mehrheit als unabhängiger Abschlussprüfer für das Geschäftsjahr 2025 bestätigt�112,9 Millionen Stimmen FÜR, 1,2 Millionen DAGEGEN, 3,0 Millionen Enthaltungen.

Beratende Abstimmung zur Vergütung: Die Aktionäre lehnten das Vergütungspaket für Führungskräfte 2024 ab; nur 38,4 Millionen Stimmen (�37%) waren dafür, gegenüber 65,1 Millionen (�63%) dagegen, mit 4,8 Millionen Enthaltungen und 8,9 Millionen Broker-Nichtstimmen, was auf erhebliche Unzufriedenheit mit den Vergütungspraktiken hinweist.

Änderung des Aktienplans: Die zweite Änderung des Long-Term Incentive Compensation Plan 2022 wurde angenommen�77,3 Millionen FÜR (�65%), 26,3 Millionen DAGEGEN, 4,7 Millionen Enthaltungen.

´¡°ì³Ù¾±´Ç²Ôä°ù²õ±¹´Ç°ù²õ³¦³ó±ô²¹²µ: Ein Vorschlag, der einen Bericht über die Auswirkungen der Einführung einer unternehmensweiten Nichtraucherpolitik forderte, wurde abgelehnt (21,5 Millionen FÜR, 81,7 Millionen DAGEGEN, 5,0 Millionen Enthaltungen).

Unter Punkt 7.01 stellte das Unternehmen eine Pressemitteilung mit einer Zusammenfassung der vorläufigen Ergebnisse bereit (nicht eingereicht); keine Finanzberichte oder operative Updates wurden mit dieser Offenlegung veröffentlicht.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549 

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported): June 17, 2025

 

 

 

PENN Entertainment, Inc.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Pennsylvania   0-24206   23-2234473
(State or Other Jurisdiction of
Incorporation)  
  (Commission File Number)    (I.R.S. Employer Identification No.)

 

825 Berkshire Blvd., Suite 200

Wyomissing, PA 19610

(Address of Principal Executive Offices, and Zip Code)

 

610-373-2400

Registrant’s Telephone Number, Including Area Code

 

 

 

(Former name, former address and former fiscal year, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered  
Common Stock, $0.01 par value per share PENN The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

  

 

 

 

Item 5.07. Submission of Matters to a Vote of Security Holders.

 

PENN Entertainment, Inc. (the “Company”) held its 2025 Annual Meeting of Shareholders (the “Annual Meeting”) on June 17, 2025. There were present at the Annual Meeting, either in person or by proxy, holders of 117,166,555 shares of common stock. A description of each matter voted upon at the Annual Meeting is described in detail in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 28, 2025. The number of votes cast for and against and the number of abstentions and broker non-votes with respect to each matter voted upon are set forth below.

 

1. The following Class II Director nominees were elected to the Company’s Board of Directors (the “Board”) to serve until the 2028 Annual Meeting of Shareholders. The votes cast for each nominee were as follows:

 

Director  Votes FOR  Votes WITHHELD  Broker Non-Votes
Johnny Harnett  108,409,603  699,900  8,057,052
Carlos Ruisanchez  108,370,058  739,455  8,057,052

 

The term of office of each of David Handler, Vimla Black-Gupta, Anuj Danda, Marla Kaplowitz, Jane Scaccetti and Jay Snowden continued following the Annual Meeting.

 

2. The results of the vote to ratify the appointment of PricewaterhouseCoopers LLP to serve as the Company’s independent registered public accounting firm for the 2025 fiscal year were as follows:

 

Votes FOR  Votes AGAINST  Abstentions  Broker Non-Votes
112,928,192  1,191,010  3,047,353  0

 

3. The results of the advisory vote on executive compensation of the Company’s Named Executive Officers for the 2024 fiscal year were as follows:

 

Votes FOR  Votes AGAINST  Abstentions  Broker Non-Votes
38,425,126  65,078,367  4,760,640  8,902,422

 

4. The results of the vote to approve the second amendment to the Company’s 2022 Long-Term Incentive Compensation Plan were as follows:

 

Votes FOR  Votes AGAINST  Abstentions  Broker Non-Votes
77,271,973  26,323,148  4,669,012  8,902,422

 

5. The results of the advisory vote to approve the shareholder proposal regarding the commissioning of a report on the effects of a company-wide non-smoking policy were as follows:  

 

Votes FOR  Votes AGAINST  Abstentions  Broker Non-Votes
21,487,739  81,735,962  5,040,432  8,902,422

 

 

 

 

Item 7.01. Regulation FD Disclosure.

 

On June 17, 2025, the Company issued a press release announcing the preliminary voting results with respect to the election of directors from the Annual Meeting, a copy of which is attached as Exhibit 99.1 and incorporated by reference in this Item 7.01.

 

The information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 hereto, is being furnished to the Securities and Exchange Commission and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. This information shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference to such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d)       Exhibits.

 

Exhibit No. Description
99.1 Press Release, dated June 17, 2025, issued by PENN Entertainment, Inc. (furnished under Item 7.01)
104 Cover Page Interactive Data File (formatted as Inline XBRL)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: June 23, 2025 PENN ENTERTAINMENT, INC.
       
    By: /s/ Christopher Rogers
      Christopher Rogers
      Executive Vice President, Chief Strategy and Legal Officer and Secretary

 

 

 

FAQ

What percentage of PENN (PENN) shareholders supported the 2024 executive compensation package?

The Form 8-K shows roughly 37% support�38,425,126 votes FOR versus 65,078,367 AGAINST.

Were PENN’s Class II directors re-elected at the 2025 Annual Meeting?

Yes. Johnny Harnett received 108,409,603 votes FOR and Carlos Ruisanchez 108,370,058 votes FOR, securing terms until 2028.

Did shareholders ratify PricewaterhouseCoopers as PENN’s auditor for fiscal 2025?

Yes. The auditor ratification passed with 112,928,192 FOR, 1,191,010 AGAINST and 3,047,353 abstentions.

Was the amendment to PENN’s 2022 Long-Term Incentive Compensation Plan approved?

Yes. 77,271,973 votes (�65%) were FOR, 26,323,148 AGAINST and 4,669,012 abstained.

Did the shareholder proposal on adopting a company-wide non-smoking policy pass?

No. The proposal failed with 21,487,739 votes FOR and 81,735,962 AGAINST.

How many shares were represented at PENN’s 2025 Annual Meeting?

The 8-K states that 117,166,555 shares were present in person or by proxy.
Penn Ent

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2.76B
148.59M
1.34%
97.03%
9.94%
Resorts & Casinos
Hotels & Motels
United States
WYOMISSING