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Play nowAfter several months of internal struggle and mutual accusations among board members, IGT’s shareholders had a meeting for choosing the company’s new board of directors and possible reelections.
IGT’s incumbent CEO Patti Hart was reelected with 203 million share votes, while her opponent and ex- IGT member, Charles Mathewson, only got 29 million. The company’s current board of members has remained almost intact, except for David Roberson, who was not reelected as Chairman of IGT’s Audit Committee.
IGT’s CEO Patti Hart concluded the meeting with the statement:
Since 2009, IGT has outperformed its peers, reversed its previous decline in ship share and driven an increase in market capitalization, while strengthening its focus on product quality and innovation. This year IGT expects to build on its momentum and deliver its fourth consecutive year of double-digit growth in adjusted EPS from continuing operations.
A legal statement must be made by an independent inspector of elections in order to fully certify the final results.
Additionally, IGT also declared its cash dividends of US$ 0.08 per share, bringing a total of 33% increase in dividends compared to last year’s results. It has been their 40th consecutive trimester with increasing return value to the company’s shareholders.