UNITE HERE announced that two top independent proxy voting firms, Institutional Shareholder Services (ISS) and Glass, Lewis & Co., have both issued recommendations in support of UNITE HERE's three shareholder proposals seeking corporate governance reform at Station Casinos, Inc. (NYSE:STN). These proposals will be voted on by shareholders at the Company's annual shareholder meeting on May 18.
"We are delighted that both ISS and Glass Lewis came out in support of all three of our proposals," said Chris Bohner, a UNITE HERE research director.
UNITE HERE is asking Station Casinos shareholders to vote for proposals to change the supermajority provision for amending the Company's bylaws, institute annual elections of directors, and allow shareholders to vote on the company's "poison pill" anti-takeover device.
See full Top Independent Proxy Voting Firms Support UNITE HERE's Corporate Governance Reform Proposals at Station Casinos
