Here are the DEF 14A proxy statements from PENN Entertainment, Inc. (PENN) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, so if you follow PENN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PENN filings page.
PENN Entertainment’s 2026 proxy outlines major board, strategy and compensation changes alongside plans for its virtual annual meeting on June 16, 2026. Shareholders will vote on electing four Class III directors, ratifying the auditor, approving executive pay, amending the 2022 long‑term incentive plan and a shareholder proposal to declassify the board, which the board recommends against. The company highlights significant board refreshment with five new independent directors since the 2025 meeting, plus three additional directors added in 2026, including three nominated under a cooperation agreement with HG Vora. Strategy updates include refocusing digital around theScore Bet and Hollywood iCasino, strong early profitability in Interactive, and successful retail projects at Hollywood Casino Joliet and M Resort. PENN emphasizes disciplined capital allocation, citing $354 million of share repurchases in 2025 and $1.1 billion since 2022, and expects over $10 million in annual run‑rate overhead savings, lower maintenance capital and large segment‑adjusted EBITDA improvement in 2026. Executive pay is described as mostly at risk, with 2025 short‑term and long‑term incentive payout percentages below target and meaningful reductions and redesigns to the CEO’s 2026 equity opportunity in response to shareholder feedback.