PENN Entertainment Files 2025 Proxy Statement

TL;DR

PENN Ent (PENN) proxy filed. Annual meeting June 17. Vote your shares!

AI Summary

PENN Entertainment, Inc. filed its definitive proxy statement (DEF 14A) on April 28, 2025, for its annual meeting on June 17, 2025. The filing outlines the company's governance and shareholder matters, including executive compensation and board nominations. PENN Entertainment, formerly PENN National Gaming Inc., is headquartered in Wyomissing, PA.

Why It Matters

This filing provides shareholders with crucial information regarding company leadership, executive pay, and voting matters, enabling informed participation in corporate governance decisions.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) and does not contain new material events or financial disclosures that would inherently increase risk.

Key Numbers

• 20250617 — Annual Meeting Date (Shareholders will vote on company matters.)
• 20250428 — Filing Date (Date the proxy statement was submitted to the SEC.)

Key Players & Entities

• PENN Entertainment, Inc. (company) — Registrant
• PENN National Gaming Inc. (company) — Former company name
• 0000921738 (company) — Central Index Key
• 20250428 (date) — Filing date
• 20250617 (date) — Meeting date

FAQ

From the Filing

0001140361-25-015822.txt : 20250428 0001140361-25-015822.hdr.sgml : 20250428 20250428060149 ACCESSION NUMBER: 0001140361-25-015822 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 113 CONFORMED PERIOD OF REPORT: 20250617 FILED AS OF DATE: 20250428 DATE AS OF CHANGE: 20250428 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PENN Entertainment, Inc. CENTRAL INDEX KEY: 0000921738 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction EIN: 232234473 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-24206 FILM NUMBER: 25875815 BUSINESS ADDRESS: STREET 1: 825 BERKSHIRE BLVD STE 200 STREET 2: WYOMISSING PROFESSIONAL CENTER CITY: WYOMISSING STATE: PA ZIP: 19610 BUSINESS PHONE: 6103732400 MAIL ADDRESS: STREET 1: 825 BERKSHIRE BLVD STREET 2: SUITE 200 CITY: WYOMISSING STATE: PA ZIP: 19610 FORMER COMPANY: FORMER CONFORMED NAME: PENN NATIONAL GAMING INC DATE OF NAME CHANGE: 19940415 DEF 14A 1 ny20042107x2_def14a.htm DEF 14A TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.   ) Filed by the Registrant ☒ Filed by a Party other than the Registrant    ☐ Check the appropriate box:   ☐ Preliminary Proxy Statement   ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Definitive Proxy Statement   ☐ Definitive Additional Materials   ☐ Soliciting Material Pursuant to §240.14a-12 PENN ENTERTAINMENT, INC. (Name of Registrant as Specified In Its Charter)   (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): ☒ No fee required.   ☐ Fee paid previously with preliminary materials.   ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. TABLE OF CONTENTS   TABLE OF CONTENTS             PROXY STATEMENT - 2025 i         A LETTER TO OUR SHAREHOLDERS         Dear Fellow Shareholders, PENN Entertainment is navigating a pivotal chapter—anchored by our legacy of operational excellence and guided by a clear, long-term vision. Over the past several years, we’ve made meaningful investments to modernize our business and build a foundation for sustainable growth and shareholder value creation. While the execution of our digital strategy has introduced near-term volatility in our operational performance, we are beginning to see indicators of progress that validate our strategy as we leverage our rapidly growing database. With the proliferation of both legalized online sports betting and online gaming continuing across North America, we view it as imperative to have an omnichannel relationship with our customers to successfully compete long term. We recognize that recent shareholder returns have fallen short of expectations. Our Board and management team remain fully committed to returning to the level of performance and value creation that has been a hallmark of PENN over the past three decades. Retail Leadership, Built to Last PENN continues to set the standard for operational excellence and customer experience in regional gaming. We have the nation’s largest and most geographically diversified collection of regional assets in the industry, spanning over 40 properties across 20 states. Our retail business leads the industry in tax-adjusted margins and remains a model for operational consistency and efficiency. At the same time, we are consistently rated as one of the top employers of choice in gaming. While some companies lose focus in the pursuit of digital growth, we’ve held the line—ma