Tuesday, Dec. 9, 2003 | 9:48 a.m.
Station Casinos Inc. today announced that Lee Isgur has been elected to its board of directors and that Chief Financial Officer Glenn Christenson and shareholder Delise Sartini have resigned from the board.
The locals' gambling giant said that due to the changes, the majority of the company's board now consists of independent directors.
The independent members of the board are Lowell H. Lebermann, Dr. James Nave, Lynette Boggs-McDonald and Isgur. The remaining members of the Board are Frank Fertitta III, Lorenzo Fertitta and Blake Sartini. The company also announced that Lorenzo Fertitta has assumed the additional responsibilities of Vice Chairman of the Board.
"Changing the Board composition to a majority of independent directors is an important step and is reflective of our growth as a company. We are excited that Lee has chosen to join our Board. He brings a wealth of financial expertise, as well as experience in the gaming, entertainment and technology industries. Lee will serve as the 'financial expert' on our Board's Audit Committee in accordance with the new disclosure requirements under Sarbanes-Oxley. We are also fortunate that the Board will still have access to Glenn Christenson in his continuing role as Chief Financial Officer and to Delise Sartini in her role as one of the Company's largest shareholders," said Frank Fertitta III, chairman and chief executive.
Isgur, a CFA, has over thirty years of experience in research and investment banking in the gaming, entertainment, and technology industries.
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