Gaming and Leisure Properties Expands Board of Directors With Appointment of Michael Borofsky

Gaming and Leisure Properties (NASDAQ: GLPI) announced that Michael Borofsky has been appointed to its Board of Directors as an independent director, effective December 8, 2025, subject to customary regulatory approvals.

Rhea-AI Summary

Gaming and Leisure Properties (NASDAQ: GLPI) announced that Michael Borofsky has been appointed to its Board of Directors as an independent director, effective December 8, 2025, subject to customary regulatory approvals.

The appointment expands the board to eight members, seven of whom meet Nasdaq independence standards. Borofsky is founder of Mithrandir Ventures and previously served in senior roles at Gryphon Investors, Pohlad Companies, MacAndrews & Forbes, Skadden and Goldman Sachs. His background highlights experience in gaming, finance, capital allocation, strategy and legal matters intended to support GLPI’s tenant growth and property portfolio strategy.

Argus Dec 8 session

-0.10% close to close Open Argus

Details

News Market Reaction – GLPI

On Dec 8, the day this news came out, GLPI closed 0.10% below the previous close.

Data tracked by StockTitan Argus for the Dec 8 session.

Key Figures

Board size: 8 members Independent directors: 7 members Gryphon AUM: $9 billion +3 more

Board size

8 members

Total GLPI Board members after appointment

Independent directors

7 members

Directors considered independent under Nasdaq standards

Gryphon AUM

$9 billion

Size of Gryphon Investors middle market private equity fund

Portfolio companies

36 companies

Controlled portfolio companies at Gryphon Investors

Industry sectors

5 sectors

Industry sectors covered by Gryphon’s portfolio

MacAndrews & Forbes tenure

16 years

Time Borofsky spent as senior executive there

Historical Context

5 past events · Latest: Dec 08

5 events

1. Dec 08

   Board appointment

   24h Move

   -0.1%

   New independent director added, expanding board to eight members.

2. Dec 05

   Financing updates

   24h Move

   -2.1%

   Updates on multiple development financings and capital commitments.

3. Nov 24

   Dividend declaration

   24h Move

   -0.1%

   Declared Q4 2025 cash dividend of $0.78 per share.

4. Nov 10

   Peer earnings

   24h Move

   +0.4%

   Bally’s reported revenue growth and portfolio reshaping transactions.

5. Nov 06

   Peer earnings

   24h Move

   -2.0%

   PENN results with early termination of ESPN alliance and refocus of digital.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

private equity fund, capital allocation, mergers & acquisitions

3 terms

private equity fund financial

"Gryphon Investors, a $9 billion middle market private equity fund"

A private equity fund is a pooled investment vehicle where a group of investors gives money to professional managers who buy, improve, and later sell private companies or assets. Think of it as a renovation team that buys rundown houses, upgrades them, and sells them for a profit; for investors this can mean higher returns than public stocks but also longer lock-up periods, higher risk, and less liquidity.

capital allocation financial

"brings deep financial, capital allocation, strategy and legal expertise"

Capital allocation is the process of deciding how a company or individual uses their money to grow, pay bills, save, or invest. It matters because good decisions can help build wealth and ensure resources are used wisely, while poor choices can limit growth or cause financial problems. Think of it like managing your allowance—deciding whether to spend, save, or invest to meet your goals.

View in glossary

mergers & acquisitions financial

"where he specialized in mergers & acquisitions, and was an analyst"

Mergers & acquisitions are deals in which one company buys another or two companies combine into one, like two households joining to share costs or a family buying a neighbor’s house to expand. Investors care because these moves can change a company’s size, revenue and profit potential, alter its debt load, and create shortcuts to new markets or technologies — but they also bring risks such as integration problems and unexpected costs that can affect stock value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

WYOMISSING, Pa., Dec. 08, 2025 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”), announced today that Michael Borofsky has been appointed to the Board of Directors as a new independent director, effective immediately, subject to receipt of customary regulatory approvals. The appointment of Mr. Borofsky expands the Board of Directors to eight members, seven of whom are considered independent according to the listing standards of the Nasdaq Stock Exchange.

Michael Borofsky is the founder of Mithrandir Ventures, a diversified family office with investments in gaming, healthcare, software and climate tech. Michael's primary focus is on building high cash flow generating businesses with leading market positions and helping companies innovate and evolve through emerging technologies.

Peter Carlino, Chairman and Chief Executive Officer of GLPI, commented, “Michael has a proven track record of investing in and advising companies through transformative growth and brings deep financial, capital allocation, strategy and legal expertise which will complement the Board. I am delighted to welcome Michael as our newest Director and am confident that his extensive experience in the gaming, entertainment and technology sectors, will be highly valuable as we continue to grow our tenant base and property portfolio and build value for shareholders."

Prior to Mithrandir Ventures, Mr. Borofsky was General Counsel and a Member of the Management and Investment Committees at Gryphon Investors, a $9 billion middle market private equity fund, with 36 controlled portfolio companies across five industry sectors: consumer, healthcare, software, industrial growth and business services. Prior to Gryphon, he was the Chief Operating and Strategy Officer of the Pohlad Companies, a holding company with a diverse group of operating businesses, including the Minnesota Twins, Par Systems, United Properties, Carousel Motors and Northmarq Capital. Michael also spent 16 years as a senior executive at MacAndrews & Forbes, Ronald O. Perelman's investment vehicle, with interests in consumer products, defense, media and entertainment, gaming, financial services, biotechnology and food products. Prior to MacAndrews, Michael worked for Skadden, Arps, Slate, Meagher & Flom LLP, where he specialized in mergers & acquisitions, and was an analyst at Goldman Sachs.

Mr. Borofsky earned a B.A. with honors from Yale University and a J.D. from Columbia University School of Law where he was a Harlan Fiske Stone Scholar.

About Gaming and Leisure Properties
GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

Contact
Gaming and Leisure Properties, Inc.	Investor Relations
Carlo Santarelli, SVP - Corporate Strategy & Investor Relations	Joseph Jaffoni at JCIR
610/378-8232	212/835-8500
csantarelli@GLPROPINC.COM	glpi@jcir.com

                         

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who was appointed to the Gaming and Leisure Properties board on December 8, 2025 (GLPI)?

Michael Borofsky was appointed as an independent director, effective December 8, 2025, subject to customary regulatory approvals.

How does Michael Borofsky’s appointment change GLPI’s board composition (GLPI)?

The appointment expands the board to eight members, with seven independent directors under Nasdaq standards.

What relevant experience does Michael Borofsky bring to GLPI (GLPI)?

He founded Mithrandir Ventures and previously held senior roles at Gryphon Investors, Pohlad Companies, MacAndrews & Forbes, Skadden and Goldman Sachs.

What areas of expertise did GLPI cite for Michael Borofsky (GLPI)?

GLPI highlighted his experience in financial strategy, capital allocation, legal matters, and gaming and technology sectors.

Is Michael Borofsky’s board appointment at GLPI conditional (GLPI)?

Yes. The appointment is effective immediately but subject to receipt of customary regulatory approvals.

Will Michael Borofsky’s appointment affect GLPI’s tenant growth or property strategy (GLPI)?

Management said his experience should complement efforts to grow the tenant base and property portfolio and build shareholder value.