LAS VEGAS, March 16, 2015 /PRNewswire/ -- Elaine Wynn,
a co-founder and the third-largest stockholder of Wynn Resorts,
Limited ("Wynn Resorts" or the "Company") (NASDAQ: WYNN), today
issued an open letter to the stockholders of the Company urging
them not to vote any proxy card sent by Wynn Resorts for the 2015
Annual Meeting of Stockholders. In the letter, Ms. Wynn
announced that stockholders will soon be receiving her proxy
materials and the GOLD proxy card, which they can use to
support her candidacy for the Company's board of directors.
The complete text of Ms. Wynn's letter to stockholders follows:
March 16, 2015
AN IMPORTANT MESSAGE
FROM
ELAINE WYNN
TO FELLOW STOCKHOLDERS OF
WYNN
RESORTS, LIMITED
Elaine Wynn Urges Wynn Resorts Stockholders
to
Wait for the GOLD Proxy Card for the
Wynn
Resorts 2015 Annual Meeting of Stockholders
Dear Fellow Wynn Resorts Stockholders:
Soon you will be receiving a proxy statement from Wynn Resorts,
Limited in connection with its 2015 Annual Meeting of Stockholders,
scheduled to be held on April 24,
2015. Wynn Resorts will seek your vote for the election of
John J. Hagenbuch and J. Edward Virtue to the board. Thereafter,
you will be receiving my proxy statement seeking your vote for the
election of me, Elaine Wynn, and one
of the company's nominees to the board.
I strongly urge you NOT to vote any proxy card sent to
you by Wynn Resorts, and to wait for my proxy materials and the
GOLD proxy card.
I have served tirelessly on your behalf for the past 13 years as
a director and co-founder of Wynn Resorts. The board recently
took action to shrink the size of the board by one director and
thereby exclude me from the board despite my immense industry
knowledge and expertise, and my role building and promoting the
Wynn business and brand through the years. This action was
without merit and therefore, I have decided to file my nomination
and seek your vote for my re-election to the board.
I have more than 40 years of gaming and hospitality experience
and have been an integral part of helping the company grow into the
successful enterprise it is today. No one at the company,
other than our Chairman and CEO, is more knowledgeable about its
history, its operations, its customers or its award-winning
staff. Moreover, I am the last remaining woman on the
board. The appalling lack of diversity that the board's
recommendation would bring is clearly unacceptable. We are a
global consumer-oriented company that strives to appeal to both men
and women and, as a result, it is critical that the views of women
be represented on our board.
I am also the third-largest stockholder of Wynn Resorts, with
more than 9.5 million shares, representing a 9.4% interest in the
company. It is clear that my interests are very much aligned
with the interests of you, my fellow stockholders. Given my
substantial stockholdings in the company, you can be assured that I
am keenly focused on viewing every board action through the lens of
generating overall stockholder value.
My unique history with Wynn Resorts has afforded me a strong,
independent voice on the board. I do not simply toe the party
line and instead hold our management team, including our Chairman
and CEO, accountable to our stockholders. The board's action
to exclude a strong and knowledgeable voice may make for a more
homogeneous and compliant board, but I believe that is not at all
in the best interests of our stockholders.
I urge you NOT to return any proxy card that you receive from
Wynn Resorts or any materials giving your broker, banker or trustee
authority to execute any proxy in favor of the nominees of Wynn
Resorts.
Please wait until you receive my proxy materials and the GOLD
proxy card before you cast your vote in connection with the 2015
Annual Meeting of Stockholders.
I M P O R T A N T
If you have any questions or need any further assistance, please
call my proxy solicitor, Okapi Partners LLC, at (877) 629-6355.
Thank you very much for your support.
Elaine P. Wynn
Important Additional Information
On March 5, 2015, Elaine P. Wynn filed a preliminary proxy
statement on Schedule 14A with the Securities and Exchange
Commission (the "Commission"), and she intends to file a definitive
proxy statement as soon as permitted under Commission rules.
Ms. Wynn intends to solicit proxies for use at the Company's 2015
Annual Meeting of Stockholders, to be held on April 24, 2015. She intends to use such
proxies to vote in favor of her re-election to the board of
directors, and for the election of the Company's nominee other than
John J. Hagenbuch.
SECURITY HOLDERS ARE ADVISED TO READ THE DEFINITIVE PROXY
STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF
PROXIES BY MS. WYNN FROM THE STOCKHOLDERS OF WYNN RESORTS, LIMITED
WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION. WHEN COMPLETED AND AVAILABLE, MS. WYNN'S
DEFINITIVE PROXY STATEMENT AND A FORM OF PROXY WILL BE MAILED TO
STOCKHOLDERS OF WYNN RESORTS, LIMITED. THESE MATERIALS AND
OTHER MATERIALS FILED BY MS. WYNN IN
CONNECTION WITH HER PROXY SOLICITATION WILL BE AVAILABLE AT NO
CHARGE AT THE SECURITIES AND EXCHANGE COMMISSION'S WEBSITE AT
HTTP://WWW.SEC.GOV. THE DEFINITIVE PROXY STATEMENT (WHEN
AVAILABLE) AND OTHER RELEVANT DOCUMENTS FILED BY MS. WYNN WITH THE
SECURITIES AND EXCHANGE COMMISSION WILL ALSO BE AVAILABLE, WITHOUT
CHARGE, BY DIRECTING A REQUEST TO MS. WYNN'S PROXY SOLICITOR, OKAPI
PARTNERS LLC, AT ITS TOLL-FREE NUMBER (877) 629-6355 OR VIA EMAIL
AT INFO@OKAPIPARTNERS.COM.
Currently, the sole participant in the solicitation of proxies
from stockholders of the Company is Elaine
P. Wynn. Ms. Wynn is currently a director of the
Company, and she has served as a director since 2002.
Certain other information relating to Ms. Wynn is available in the
preliminary proxy statement she filed with the Commission on
March 5, 2015.
To view the original version on PR Newswire,
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SOURCE Elaine Wynn