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LAS VEGAS (Associated Press) — Elaine Wynn failed Friday to win re-election to the board of Wynn Resort Ltd. — the casino-hotel company she co-founded with ex-husband Steve Wynn — a development that ended a feud over the issue.
Shareholders who had to decide between re-electing Elaine Wynn or agreeing with a company recommendation to re-elect two other sitting board members ultimately sided with the company.
Wynn Resorts general counsel Kim Sinatra announced the results at the company's annual meeting minutes after a handful of remaining votes were collected from some of the 141 shareholders in attendance at the Encore Theater inside the Las Vegas resort.
Sinatra said shareholders affirmed the company's recommendation to re-elect board members John J. Hagenbuch and J. Edward Virtue. The outcome shrinks the board from eight members to seven.
