Gaming and Leisure Properties Appoints Debra Martin Chase to Board of Directors
24 Aprile 2024 - 2:00PM
Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”),
announced today that Debra Martin Chase has been appointed to the
Board of Directors as a new independent director, effective
immediately, to fill the vacancy created by the previously
disclosed passing of JoAnne A. Epps. The appointment of Ms. Chase
to the Board of Directors brings the total number of directors to
eight, seven of whom are considered independent according to the
listing standards of the Nasdaq Stock Exchange. Ms. Chase has also
been appointed as a member of the Nominating and Corporate
Governance Committee of the Board of Directors, effective
immediately. Ms. Chase will hold her directorship until the
Company’s next annual meeting of shareholders or until her
successor is duly elected and qualified or until her earlier death,
disqualification, resignation or removal.
Ms. Chase is the founder and Chief Executive
Officer of an entertainment production company doing business as
Martin Chase Productions. She is a two-time Tony Award winning, a
Peabody Award winning, and three-time Emmy nominated television,
motion picture, and Broadway producer. Ms. Chase is an
entertainment industry trailblazer, being the first female African
American producer to have a deal with a major motion picture
studio. Her films have grossed over $500 million at the box office.
She brings to the Company over 30 years of experience in motion
picture and television production as well as a corporate legal
background.
Peter Carlino, Chairman and Chief Executive
Officer of GLPI, commented, “I am delighted to welcome Debra to our
Board as we believe her extensive entertainment industry
experience, impressive legal background and broad board experience
across public companies and the arts will serve GLPI well as we
continue to drive growth in shareholder value. She brings a wealth
of knowledge to GLPI, which we believe is a perfect complement to
the existing strengths of the Board. I am confident that she will
help expand the diverse set of viewpoints that ultimately shape our
mission.”
Ms. Chase currently serves on the board of
B&G Foods (NYSE: BGS), where she chairs the Corporate Social
Responsibility Committee, and the board of Bridge Investment Group
Holdings Inc. (NYSE: BRDG), where she serves on the Audit
Committee. She also serves on the board of the Second Stage Theater
in Manhattan, where she chairs the Artistic Committee. She
previously served on the board of the New York City Ballet for a
decade, where she founded and chaired its Diversity and Inclusion
Committee, and the board of trustees for Mount Holyoke College. She
is a member of the Motion Picture Academy, where she serves on the
Producers Executive Committee; the Television Academy; the Broadway
League, where she is a member of the Tony Management Committee; and
the board of the Producers Guild Foundation. Prior to entering the
entertainment industry, Ms. Chase practiced law at Houston’s Mayor,
Day, and Caldwell from 1981 to 1983. After serving as a lawyer for
Tenneco from 1983 to 1985, Ms. Chase moved to New York City where
she worked for the Stroock, Stroock & Lavan, and eventually
became in-house counsel for Avon Products.
Ms. Chase holds degrees from Mount Holyoke
College, including an honorary Doctorate of Arts, and the Harvard
Law School.
About Gaming and Leisure
PropertiesGLPI 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.
Forward-Looking StatementsThis
press release includes “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
including our expectations regarding Ms. Chase’s ability to
contribute meaningfully to the experience and perspectives of the
Board. Forward-looking statements can be identified by the use of
forward-looking terminology such as “expects,” “believes,”
“estimates,” “intends,” “may,” “will,” “should” or “anticipates” or
the negative or other variation of these or similar words, or by
discussions of future events, strategies or risks and
uncertainties. Such forward looking statements are inherently
subject to risks, uncertainties and assumptions about GLPI and its
subsidiaries, including risks related to the following: the effect
of pandemics, such as COVID-19, on GLPI as a result of the impact
such pandemics may have on the business operations of GLPI’s
tenants and their continued ability to pay rent in a timely manner
or at all; the potential negative impact of ongoing high levels of
inflation (which have been exacerbated by global conflict) on our
tenants' operations; the availability of and the ability to
identify suitable and attractive acquisition and development
opportunities and the ability to acquire and lease those properties
on favorable terms; the ability to receive, or delays in obtaining,
the regulatory approvals required to own and/or operate its
properties, or other delays or impediments to completing
acquisitions or projects; GLPI's ability to maintain its status as
a REIT; our ability to access capital through debt and equity
markets in amounts and at rates and costs acceptable to GLPI; the
impact of our substantial indebtedness on our future operations;
changes in the U.S. tax law and other state, federal or local laws,
whether or not specific to REITs or to the gaming or lodging
industries; and other factors described in GLPI’s Annual Report on
Form 10-K for the year ended December 31, 2023, Quarterly Reports
on Form 10-Q and Current Reports on Form 8-K, each as filed with
the Securities and Exchange Commission. All subsequent written and
oral forward-looking statements attributable to GLPI or persons
acting on GLPI’s behalf are expressly qualified in their entirety
by the cautionary statements included in this press release. GLPI
undertakes no obligation to publicly update or revise any
forward-looking statements contained or incorporated by reference
herein, whether as a result of new information, future events or
otherwise, except as required by law. In light of these risks,
uncertainties and assumptions, the forward-looking events discussed
in this press release may not occur as presented or at all.
Contact: |
Gaming and Leisure Properties, Inc. |
Investor Relations |
Matthew Demchyk, Chief Investment Officer |
Joseph Jaffoni, Richard Land, James Leahy at JCIR |
610/401-2900 |
212/835-8500 |
investorinquiries@glpropinc.com |
glpi@jcir.com |
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