International Game Technology (IGT) issued a statement in response to a report by proxy advisory firm Glass Lewis & Co. on IGT's 2013 Annual Meeting of Shareholders, to be held on March 5, 2013. The company said it is pleased that Glass Lewis endorses, in effect, the reelection of seven of IGT's incumbent directors and recommends that shareholders reject two of the nominees proposed by the Ader / Mathewson Group, including Charles Mathewson.
IGT believes that the Glass Lewis analysis was flawed, however, in that it did not adequately consider the significant progress that the IGT board and management team have achieved in improving its operational and financial performance over the past several years.
The IGT board recommends shareholders to protect their investment by voting the WHITE proxy card today and discarding any materials they receive from the Ader / Mathewson Group. The shareholders are encouraged to vote the WHITE proxy FOR all eight of IGT's director nominees: Paget Alves, Janice Chaffin, Greg Creed, Patti Hart, Robert Miller, David Roberson, Vincent Sadusky and Philip Satre.
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