24.05.2006 20:50:00
|
Station Casinos' Stockholders Approve Company's Proposals; Union's Non-Binding Proposal Fails
At the Annual Meeting, the Company's stockholders re-elected twodirectors, Lowell H. Lebermann, Jr. and Robert E. Lewis, both of whomare independent members of the Board, each to serve a term of threeyears. The Company's stockholders also ratified the appointment of theCompany's independent auditors, Ernst & Young LLP, for 2006.
For the second year in a row, the Company's stockholders alsovoted down a non-binding proposal submitted by UNITE HERE, anaffiliate of the Culinary Workers' Union Local 226 (the "Union") andthe holder of 262 shares of the Company's common stock, whichrecommended changes to the Company's shareholder rights plan. TheUnion has been engaged in a long-running campaign to unionize theCompany's workforce. This proposal was unanimously opposed by theCompany's Board of Directors.
Wells Fargo Shareowner Services, the independent inspector ofelections for the Annual Meeting, has certified the voting results. Acopy of the Certificate of Report of Inspector of Elections (the"Certified Report") is attached as an Exhibit to the Company's Reporton Form 8-K to be filed with the Securities and Exchange Commission.In order for the Union's non-binding proposal to be consideredapproved by the stockholders, the proposal would have needed theaffirmative vote of a majority of the shares present at the meeting inperson or represented by proxy. According to the Certified Report, theUnion's proposal received less than 45% affirmative votes at theAnnual Meeting.
"We certainly appreciate the support we received from ourstockholders on all of the matters presented at the Annual Meeting andlook forward to continuing to create value for all of ourstockholders," said Frank J. Fertitta III.
Company Information
Station Casinos, Inc. is the leading provider of gaming andentertainment to the residents of Las Vegas, Nevada. Station'sproperties are regional entertainment destinations and include variousamenities, including numerous restaurants, entertainment venues, movietheaters, bowling and convention/banquet space, as well as traditionalcasino gaming offerings such as video poker, slot machines, tablegames, bingo and race and sports wagering. Station owns and operatesRed Rock Casino Resort Spa, Palace Station Hotel & Casino, BoulderStation Hotel & Casino, Santa Fe Station Hotel & Casino, WildfireCasino and Wild Wild West Gambling Hall & Hotel in Las Vegas, Nevada,Texas Station Gambling Hall & Hotel and Fiesta Rancho Casino Hotel inNorth Las Vegas, Nevada, and Sunset Station Hotel & Casino, FiestaHenderson Casino Hotel, Magic Star Casino and Gold Rush Casino inHenderson, Nevada. Station also owns a 50% interest in Green ValleyRanch Station Casino, Barley's Casino & Brewing Company and The Greensin Henderson, Nevada and a 6.7% interest in the Palms Casino Resort inLas Vegas, Nevada. In addition, Station manages Thunder Valley Casinonear Sacramento, California on behalf of the United Auburn IndianCommunity.
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Station Casinos Inc.mehr Nachrichten
Keine Nachrichten verfügbar. |