Monarch Casino & Resort Inc. Announces Results of 2025 Annual Meeting

Strategic Insights -

Monarch Casino & Resort, Inc. held its Annual Meeting of Stockholders on June 6, 2025, where stockholders elected two directors nominated by the board of directors and approved the executive compensation of the company's named executive officers. A total of 16,260,458 shares, representing 88.1% of shares outstanding as of the record date, were present or represented by proxy at the meeting.

Key Takeaways:

  • The company's two director nominees, Bob Farahi and Yvette E. Landau, were elected with 12,153,534 and 13,126,260 shares, respectively, voting in favor of their election.
  • Proposal 1 resulted in 16,169,778 shares voting in favor of the election of the two directors, while 4,106,241 shares voted against.
  • Proposal 2, on executive compensation, was approved with 15,203,699 shares voting in favor and 901,929 shares voting against.
  • 154,830 shares abstained from voting on Proposal 2.
  • The non-binding advisory vote on executive compensation passed, indicating stockholder support for the company's compensation practices.

Statistics:

  • Total shares present or represented by proxy at the meeting: 16,260,458 (88.1% of shares outstanding as of the record date).
  • Shares voting for Proposal 1: 28,279,794.
  • Shares voting against Proposal 1: 4,106,241.
  • Shares voting for Proposal 2: 15,203,699.
  • Shares voting against Proposal 2: 901,929.

Sources:

  • EDGAR Online via COMTEX, "Monarch Casino & Resort Inc - 8-K, Current Report" (June 6, 2025)