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twitterBrief: SEC orders LV company to put issue on shareholder proxy
Thursday, Oct. 22, 1998 | 11:51 a.m.
The shareholders, Bolero Investment Group LP, of Miami, and Windward Capital Management Co., of Los Angeles, have tried repeatedly over the past year to make Jackpot put itself up for sale. They believe Jackpot's managers have rejected numerous acquisition offers, a charge the slot route and casino company denies.
The shareholders want Jackpot to include a resolution on its 1998 proxy which, if passed, would require the company to divulge any acquisition offers received in the past three years and management's reasons for rejecting those offers.
Jackpot denied the shareholder request, a ruling overturned by the SEC.
Jackpot officials did not return calls for comment. The company's annual meeting will be held in December.
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