FILE PHOTO: Company logos are displayed at Wynn Macau resort in Macau, China February 8, 2018. REUTERS/Bobby Yip
May 23, 2018
(Reuters) – Shareholders of casino operator Wynn Resorts Ltd <WYNN.O> 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. http://bit.ly/2IE6h3B
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. http://bit.ly/2kj1bvd
The company had said the appointments, made last month, were intended to help “improve the workplace environment and further stabilize Wynn”.
(Reporting by Abinaya Vijayaraghavan in Bengaluru; Editing by Sunil Nair)
