Las Vegas Monorail bondholders can nominate special director candidate

By Caroline Salls

Pittsburgh, May 28 – Las Vegas Monorail Co. bond trustee Wells Fargo Bank, NA said the term of a special director of the company’s board of directors will expire on Nov. 7, and the holders of series A senior current interest bonds can nominate a candidate for appointment to fill the vacancy, according to a notice from the trustee released Thursday.

Nominations for appointment of a special director to fill Michael Solow’s seat are due by Aug. 3.

If no nominations are received by 90 days before the expiration of the director’s term and the person currently serving is willing to continue, the trustee will present that person to Las Vegas Monorail as nominee for the vacancy.

After any nominee is presented to the company, Las Vegas Monorail will present the nominee to the Governor of Nevada for appointment to the board.

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