Jan 7 International Game Technology said
Ader Investment Management LP is seeking to nominate four
directors, including the slot-machine maker's former chief
executive Charles Mathewson, to its board.
Ader Investment, founded by Jason Ader, claims to
collectively hold about 3 percent of IGT's shares, the company
Ader Investment, which focuses on hospitality and real
estate sectors, also plans to nominate Jason Ader to IGT's
board. Jason Ader has been an independent director on the Las
Vegas Sands Corp board since April 2009.
The notice was submitted in conjunction with and on behalf
of Mathewson, IGT said.
Ader Investment's proxy fight is the result of a
long-running dispute between the company and Mathewson, who
retired in 2003, IGT said.
New York-based Ader Investment was not immediately available
Shares of IGT, which has a market value of $3.9 billion,
were up marginally in after-market trading. They closed at
$14.68 on the New York Stock Exchange on Monday.