Monarch Casino & Resort, Inc. Announces 2021 Annual Meeting Results

Monarch Casino & Resort, Inc. held its Annual Meeting of Stockholders on June 8, 2021, where 84.2% of shares outstanding were present or represented by proxy. At the meeting, two directors were elected, and executive compensation was approved on a non-binding advisory basis.

Key Takeaways:

• Two directors, Bob Farahi and Yvette E. Landau, were elected to serve until the 2023 annual meeting of stockholders.
• The directors received a significant number of votes in favor, with Bob Farahi receiving 10,944,187 votes and Yvette E. Landau receiving 14,141,338 votes.
• The executive compensation of named executive officers was approved on a non-binding advisory basis, with 12,655,950 shares voting in favor and 2,879,334 shares voting against.
• Abstentions and broker non-votes were relatively low, with 23,664 abstentions and 0 broker non-votes for Proposal 1, and 58,737 abstentions and 0 broker non-votes for Proposal 2.

Statistics:

• 15,594,021 shares, representing 84.2% of shares outstanding, were present or represented by proxy at the meeting.
• 10,944,187 votes were cast in favor of Bob Farahi's election, and 4,626,170 votes were cast against.
• 14,141,338 votes were cast in favor of Yvette E. Landau's election, and 1,430,041 votes were cast against.

Sources:

• UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT (Filed June 11, 2021)