PENN Entertainment announces board refreshment; three directors depart, two new nominees named

PENN Entertainment, Inc.

Ron Naples resigned from board effective April 25, 2025; Barbara Shattuck Kohn and Saul Reibstein will not stand for reelection at 2025 annual meeting.
Board intends to nominate Johnny Hartnett (former CEO of Superbet) and Carlos Ruisanchez (former CFO of Pinnacle) to fill the two Class II seats.
Changes follow engagement with activist investor HG Vora; company rejected HG Vora's request for board seats but appointed two of its nominees.
Board reduced from nine to eight members; departing directors will serve as director emeriti until January 3, 2026.
Company states digital business nearing inflection point, expects Interactive division profitable in 2026.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Barbara Shattuck Kohn

Lead Independent Director

PENN · PENN Entertainment, Inc.

Filed: April 28, 2025, 7:59 PM ET

Also on April 25, 2025, Barbara Shattuck Kohn and Saul Reibstein notified the Board of their respective decision not to stand for reelection to the Board at the expiration of their respective current term at the Company’s 2025 annual meeting of shareholders

Departed

Saul Reibstein

Director

PENN · PENN Entertainment, Inc.

Filed: April 28, 2025, 7:59 PM ET

Also on April 25, 2025, Barbara Shattuck Kohn and Saul Reibstein notified the Board of their respective decision not to stand for reelection to the Board at the expiration of their respective current term at the Company’s 2025 annual meeting of shareholders

Departed

Ronald J. Naples

Director

PENN · PENN Entertainment, Inc.

Effective: 2025-04-25
Filed: April 28, 2025, 7:59 PM ET

On April 25, 2025, Ronald J. Naples resigned from the Board of Directors (the “Board”) of PENN Entertainment, Inc. (the “Company”) effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Barbara Shattuck Kohn departed as Lead Independent Director at PENN Entertainment, Inc..

Action: not standing for reelection
Role: Lead Independent Director

Exact text from the filing

Also on April 25, 2025, Barbara Shattuck Kohn and Saul Reibstein notified the Board of their respective decision not to stand for reelection to the Board at the expiration of their respective current term at the Company’s 2025 annual meeting of shareholders

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Saul Reibstein departed as Director at PENN Entertainment, Inc..

Action: not standing for reelection
Role: Director

Exact text from the filing

Also on April 25, 2025, Barbara Shattuck Kohn and Saul Reibstein notified the Board of their respective decision not to stand for reelection to the Board at the expiration of their respective current term at the Company’s 2025 annual meeting of shareholders

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ronald J. Naples resigned as Director at PENN Entertainment, Inc..

Action: resigned
Role: Director

Exact text from the filing

On April 25, 2025, Ronald J. Naples resigned from the Board of Directors (the “Board”) of PENN Entertainment, Inc. (the “Company”) effective immediately.

View on SEC.gov

PENN Entertainment, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-039656

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