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News Breaks | | | | February 25, 2013 | | 06:07 EDT |  | IGT | International Game urges shareholders to vote for director nominees
International Game Technology issued the following letter to shareholders: "Your Board of Directors unanimously believes that the reelection of IGT's eight highly qualified and experienced incumbent directors is in the best interests of shareholders. Whereas the Ader / Mathewson Group has offered no specific plan for IGT and does not recognize the significant growth opportunities available to IGT in online, social and mobile gaming, your IGT Board is overseeing a successful growth strategy that is positioning IGT for long-term success and significant shareholder value creation. Three of your independent directors have been targeted for replacement by the Ader / Mathewson Group at IGT's upcoming Annual Meeting, specifically Paget Alves, David Roberson and Vincent Sadusky, and you cannot use the gold card to vote for them. Your Board unanimously believes that these three incumbent directors are better qualified to serve the interests of shareholders than Daniel Silvers, the only Ader / Mathewson Group nominee recommended by Institutional Shareholder Services and Glass Lewis. The Board believes the loss of ANY incumbent director in favor of Mr. Silvers would represent a significant loss for shareholders." | |
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