TRT Holdings seeks four seats on Gaylord Entertainment's board

By Lisa Kerner

Charlotte, N.C., Jan. 15 - Gaylord Entertainment Co.'s largest shareholder, TRT Holdings, Inc., said it plans to nominate four directors for election to the company's board of directors.

According to TRT chairman Robert B. Rowling's Thursday open letter to fellow shareholders, Gaylord's board and management have failed to be accountable to shareholders and lack a disciplined business approach to running the company.

Rowling said his company is taking its message directly to Gaylord shareholders after TRT's attempts to discuss Gaylord's performance with board and management were rebuffed.

It was previously reported that in December, Gaylord's board rejected TRT's bid to up its stake in the Nashville entertainment company to as much as 30%. TRT also proposed replacing three members of Gaylord's board with TRT's designees.

Irving, Texas-based TRT is a privately owned, diversified holding company and owner of Gaylord competitor Omni Hotels. It owns 6,131,930 shares, or 14.99%, of Gaylord's outstanding stock.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.