LAS VEGAS, April 20, 2015 /PRNewswire/ -- Elaine Wynn,
co-founder, Board member and third-largest stockholder of Wynn
Resorts (NASDAQ: WYNN), today released a letter to all stockholders
emphasizing her qualifications and the reasons why she believes she
is the BEST candidate for re-election to the Wynn Resorts Board of
Directors. This comes ahead of the Wynn Resorts Annual Meeting,
scheduled for this Friday, April
24th, in Las Vegas, Nevada.
Highlights include:
- Elaine believes she is the most qualified candidate to
identify and recruit the future leadership of Wynn
Resorts.
- Elaine knows Wynn Resorts and has unique insight into the
skills required to successfully fill key positions and maintain the
Company's stellar track record.
- Elaine is an engaged stockholder and while she is on the
Board, she will personally make certain that investors will not
lose access to the Boardroom or to management.
- Elaine is an independent voice on the Board of Directors,
and her interests are inextricably linked with those of all
stockholders.
- As the third-largest stockholder, Elaine will use her
position on the Board to oversee, protect and enhance stockholders'
collective investment.
A copy of the letter follows:
April 20, 2015
Dear Fellow Wynn Resorts Stockholders,
The final week of this campaign is now upon us, and within a few
short days we will know if I have the good fortune of continuing to
serve you as a member of the Wynn Resorts Board of Directors. While
incredibly difficult at times, the proxy process has been a
tremendous learning experience for me. My commitment to this
Company and to YOU, my fellow stockholders, has only strengthened
throughout this proxy fight. I am more confident than ever that
I AM THE CANDIDATE WHO BRINGS THE MOST VALUE TO THE WYNN RESORTS
BOARD OF DIRECTORS.
As you know, I have been accessible to my fellow stockholders
during this campaign. I have conducted meetings or phone
calls with many of you, and I have tried to reach all of my fellow
stockholders with letters like this one. As I mentioned in my
previous letter, this differentiates me from the Board's nominees,
who have largely chosen not to speak to you directly. I have made
myself available because it is very important to me that you fully
understand my position, and what it is I am hoping to preserve and
achieve for you in this election. Now I am making a final push to
ensure that I have left no stone unturned and all of your questions
have been addressed. So I pose to you, my fellow investors, one
last question: What do investors really have to lose without
Elaine in the Boardroom?
I believe I am the most qualified candidate to identify and
recruit the future leadership of Wynn Resorts. At any company,
succession planning is a key responsibility of the Board of
Directors. Such a responsibility is even more crucial at a company
like Wynn Resorts, where the Chairman, CEO and co-founder is so
intrinsically linked with the company's identity and its success.
As the only candidate with any operational experience at the
company at all, and as a cofounder, I believe I am uniquely
positioned to contribute to this process.
I have worked in the gaming and hospitality industry in
Las Vegas for over four
decades. I know the industry leaders, the up and comers, and
I know how to spot emerging talent. Even more importantly,
I know Wynn Resorts and have unique insight into the skills
required to successfully fill key positions and maintain our
stellar track record.
My unique relationship with the Chairman also contributes to the
significance of my role in succession planning discussions.
For the last fifty years, I have been his business partner, advisor
and confidant. I am an expert on Steve
Wynn; I know his strengths and challenges and how both have
helped make our company the iconic brand it is today. I am also
uniquely qualified to identify others with important balancing
characteristics that will help to ensure that this company
continues on its exciting path of innovation and success.
As the third-largest stockholder, I am your eyes and ears on
the Board of Directors. Since I launched this campaign, I have
been asked by many people, including some of you, why I would take
on the challenge of a proxy fight. My fellow investors, the answer
to that question is simple: I own 9.4 percent of Wynn Resorts. That
investment represents most of my net worth, and I believe that I am
the candidate best situated to oversee our collective investment at
the Board level. By contrast, each of the other two candidates owns
less than one-one-thousandth of one percent of the outstanding
stock.
My ownership position ensures that I will represent your best
interests and serve as an advocate for you on the Board and a
conduit for you to our company. With me, an engaged stockholder,
on the Board, investors will not lose access to the Boardroom or to
management. I will personally make certain of that.
I am an independent voice on the Board of Directors, and my
interests are inextricably linked with yours. Throughout this
campaign, I have made it clear that I believe my willingness to ask
questions and challenge the Board when appropriate differentiates
me from the other candidates. In my view, this is also the primary
reason I was not re-nominated to the Board in the first place.
Nowhere is this independence and willingness to challenge
highlighted more than in the fact that I launched a proxy fight to
retain my seat and maintain my voice in the company that is my
life's work and passion.
I have skin in this game, and will use my position on the
Board to oversee, protect and enhance our collective
investment.
As this campaign comes to a close and you prepare to cast your
vote, I ask that you think about what is really at stake in this
election.
- Which of the nominees has the knowledge, experience and
contacts necessary to guide this company into the future?
- Given this proxy campaign and the nominees' respective
ownership interests, which of the nominees will be most likely to
speak up and fight for stockholder interests?
- Which of the nominees is best positioned to advocate for and
identify qualified independent and diverse board leaders for the
future?
When you ask these three important questions, I believe that I,
Elaine Wynn, am clearly the best
qualified of the three nominees.
PLEASE VOTE THE GOLD PROXY CARD TODAY FOR
ELAINE WYNN --
YOUR VOICE FOR THE FUTURE OF WYNN
RESORTS.
Sincerely,
Elaine Wynn
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SOURCE Elaine Wynn