Elaine Wynn asks shareholders to oust board member
Apr 23, 2018
Wynn Resorts co-founder and biggest shareholder, Elaine Wynn, is calling for a board member that is part of a special committee investigating sexual misconduct allegations against Steve Wynn to be removed
LAS VEGAS — The ex-wife of Steve Wynn, who is also the biggest shareholder and co-founder of Wynn Resorts, is seeking to remove one of the company directors overseeing an internal investigation into sexual misconduct allegations against the casino magnate.
Elaine Wynn said in a filing Monday with U.S. regulators that John Hagenbuch is allied too closely with Steve Wynn. She asked shareholders to reject his re-election.
Steve Wynn resigned as chairman and CEO and later sold his company shares after the Wall Street Journal reported that several women said he harassed or assaulted them and that one case led to a $7.5 million settlement. He denies the allegations. He has filed a defamation lawsuit against The Associated Press for its reporting on a separate allegation made to police.
