Wynn Resorts Says Proxy Firms Back Plans for Board Nominees, Executive Pay

Wynn Resorts (WYNN) said proxy advisory firms Glass Lewis & Co. and Institutional Shareholder Services Inc. have recommended that shareholders vote for the casino and resort company’s planned executive compensation proposal and endorse all three directors who are up for re-election.

“”Given the very high level of refreshment of the Company’s management and board, as well as the remedial actions taken by the Company following Mr. Wynn’s ouster, we do not believe it is necessary for shareholders to oppose the election of any of the board’s current directors based on the failings of former Company officials,” Wynn cited Glass Lewis as saying.

Directors seeking a new term at the May 7 AGM include Jay L. Johnson, Margaret J. Myers and Winifred M. Webb.

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