People: Penn National Gaming Inc (PENN.O)
PENN.O on Nasdaq
57.66USD
21 May 2013
57.66USD
21 May 2013
Price Change (% chg)
$-0.21 (-0.36%)
$-0.21 (-0.36%)
Prev Close
$57.65
$57.65
Open
$57.85
$57.85
Day's High
$57.94
$57.94
Day's Low
$57.32
$57.32
Volume
489,948
489,948
Avg. Vol
632,249
632,249
52-wk High
$59.93
$59.93
52-wk Low
$37.00
$37.00
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Peter Carlino |
66 | 1994 | Chairman of the Board, Chief Executive Officer |
Timothy Wilmott |
54 | 2008 | President, Chief Operating Officer |
William Clifford |
55 | 2009 | Chief Financial Officer, Senior Vice President - Finance |
Jordan Savitch |
47 | 2002 | Senior Vice President, General Counsel |
Thomas Burke |
56 | 2008 | Senior Vice President - Regional Operations |
John Finamore |
54 | 2002 | Senior Vice President - Regional Operations |
Jay Snowden |
36 | 2011 | Senior Vice President - Regional Operations |
Steven Snyder |
52 | 2003 | Senior Vice President - Corporate Development |
Robert Ippolito |
2001 | Vice President, Secretary, Treasurer | |
Harold Cramer |
84 | 1994 | Independent Director |
Wesley Edens |
50 | 2008 | Independent Director |
David Handler |
47 | 1994 | Independent Director |
John Jacquemin |
65 | 1995 | Independent Director |
Robert Levy |
81 | 1995 | Independent Director |
Saul Reibstein |
64 | 2011 | Independent Director |
Barbara Shattuck Kohn |
61 | 2004 | Independent Director |
Joseph Jaffoni |
IR Contact Officer |
Biographies
| Name | Description |
|---|---|
Peter Carlino |
Mr. Peter M. Carlino is Chairman of the Board, Chief Executive Officer of Penn National Gaming Inc., since April 1994. Since 1976, Mr. Carlino has been President of Carlino Capital Management Corp. (formerly known as Carlino Financial Corporation), a holding company that owns and operates various Carlino family businesses, in which capacity he has been continuously active in strategic planning and monitoring the operations. |
Timothy Wilmott |
Mr. Timothy J. Wilmott is President, Chief Operating Officer of Penn National Gaming Inc., since February 2008. Previously, Mr. Wilmott served as Chief Operating Officer of Harrah's Entertainment, a position he held for approximately four years. In this position, he oversaw the operations of all of Harrah's revenue-generating businesses, including 48 casinos, 38,000 hotel rooms and 300 restaurants. All Harrah's Division Presidents, Senior Vice Presidents of Brand Operations, Marketing and Information Technology personnel reported to Mr. Wilmott in his capacity as Chief Operating Officer. Prior to his appointment to the position of Chief Operating Officer, Mr. Wilmott served from 1997 to 2002 as Division President of Harrah's Eastern Division with responsibility for the operations of eight Harrah's properties. |
William Clifford |
Mr. William J. Clifford is Chief Financial Officer, Senior Vice President - Finance of Penn National Gaming Inc., since October 2001. He joined Penn National Gaming Inc., in August 2001. From March 1997 to July 2001, Mr. Clifford served as the Chief Financial Officer and Senior Vice President of Finance with Sun International Resorts, Inc., Paradise Island, Bahamas. From November 1993 to February 1997, Mr. Clifford was Financial, Hotel and Operations Controller for Treasure Island Hotel and Casino in Las Vegas. From May 1989 to November 1993, Mr. Clifford was Controller for Golden Nugget Hotel and Casino, Las Vegas. Prior to May 1989, Mr. Clifford held the positions of Controller for the Dunes Hotel and Casino, Las Vegas, Property Operations Analyst with Aladdin Hotel and Casino, Las Vegas, Casino Administrator with Las Vegas Hilton, Las Vegas, Senior Internal Auditor with Del Webb, Las Vegas, and Agent, Audit Division, of the Nevada Gaming Control Board, Las Vegas and Reno. |
Jordan Savitch |
Mr. Jordan B. Savitch is Senior Vice President, General Counsel of Penn National Gaming Inc., since September 2002. From June 1999 to April 2002, Mr. Savitch served as a director and senior executive at iMedium, Inc., a venture-backed software company offering innovative software solutions for increasing sales effectiveness. From 1995 to 1999, Mr. Savitch served as senior corporate counsel at Safeguard Scientifics, Inc., a NYSE-listed company specializing in identifying, developing and operating emerging technology companies. Mr. Savitch also spent four years in private practice as an associate at Willkie Farr & Gallagher, LLP in New York, New York. |
Thomas Burke |
Mr. Thomas P. Burke is Senior Vice President - Regional Operations of Penn National Gaming Inc., since October 2008. Mr. Burke joined the Company in November 2002. In this position, Mr. Burke is responsible for overseeing all facets of Company's facilities located in Company's Southern Plains segment. Previously, Mr. Burke served as Vice President and General Manager of Company's Argosy Casino Riverside from June 2006 until October 2008 and as President and General Manager of Company's Bullwhackers properties from November 2002 until June 2006. Prior to joining the Company, Mr. Burke held senior management positions at Ameristar Casinos, Station Casinos, Trump Taj Mahal Casino Resort and Trump Castle Hotel/Casino, American Gaming and Entertainment and the Majestic Star Casino. |
John Finamore |
Mr. John V. Finamore is Senior Vice President - Regional Operations of Penn National Gaming Inc., since November 2002. In this position, Mr. Finamore is responsible for overseeing all facets of Company's facilities located in Company's Midwest segment. Prior to joining the Company, Mr. Finamore served as President of Missouri Operations for Ameristar Casinos, Inc. from December of 2000 until February of 2002 and President of Midwest Operations for Station Casinos, Inc. from July 1998 until November 2000. Mr. Finamore has over 28 years of gaming industry and hotel management experience. |
Jay Snowden |
Mr. Jay A. Snowden is Senior Vice President - Regional Operations of Penn National Gaming Inc., since October 2011. In this position, Mr. Snowden is responsible for overseeing all facets of Company's facilities located in Company's East/West segment. Prior to joining the Company, Mr. Snowden was the Senior Vice President and GM of Caesar's and Harrah's in Atlantic City, and prior to that, held various senior leadership positions with them in St. Louis, San Diego and Las Vegas. |
Steven Snyder |
Mr. Steven T. Snyder is Senior Vice President - Corporate Development of Penn National Gaming Inc. Mr. Snyder joined the Company in May 1998, and from 1998 through 2001 served as Vice President of Corporate Development. In June 2003, he accepted the position of Senior Vice President of Corporate Development and is responsible for identifying and conducting internal and industry analysis of potential acquisitions, partnerships and other opportunities. Prior to joining the Company, Mr. Snyder was a partner with Hamilton Partners, Ltd., as well as Managing Director of Municipal and Corporate Investment Banking for Meridian Capital Markets. Mr. Snyder began his career in finance at Butcher & Singer, where he served as First Vice President of Public Finance. |
Robert Ippolito |
Mr. Robert S. Ippolito is Vice President, Secretary, Treasurer of Penn National Gaming Inc., since July 2001. Mr. Ippolito has served as Company's Secretary and Treasurer since April 1994 and served as Company's Chief Financial Officer from April 1994 until July 2001. Mr. Ippolito brings more than 24 years of gaming and racing experience to the management team both as a manager at a accounting firm and as an officer of companies in the racing business. |
Harold Cramer |
Mr. Harold Cramer is Independent Director of Penn National Gaming Inc. Until November 1996, Mr. Cramer was the Chairman and Chief Executive Officer of the Graduate Health System. From November 1996 to July 2000, Mr. Cramer was Counsel to Mesirov Gelman Jaffe Cramer & Jamieson, LLP, which merged with Schnader Harrison Segal & Lewis LLP in July 2000. Mr. Cramer is now a retired partner of Schnader Harrison Segal & Lewis LLP. |
Wesley Edens |
Mr. Wesley Robert Edens is Independent Director of Penn National Gaming Inc. Mr. Edens has been Co-Chairman of the Board of Fortress Investment Group LLC ("Fortress") since August 2009, and he has been a member of the Board of Fortress since November 2006. Mr. Edens has been a member of the Management Committee of Fortress since co-founding the company in 1998. Mr. Edens is responsible for the Fortress' private equity and publicly traded alternative investment businesses. He is Chairman of the board of directors of each of Aircastle Limited, Brookdale Senior Living Inc., Florida East Coast Railway Corp., GateHouse Media, Inc., Newcastle Investment Corp. and RailAmerica, Inc. and a director of GAGFAH S.A., Springleaf Finance Corporation and Springleaf Finance Inc. Mr. Edens was Chief Executive Officer of Global Signal Inc. from February 2004 to April 2006 and Chairman of the board of directors from October 2002 to January 2007. Mr. Edens also previously served on the boards of the following publicly traded company and registered investment companies: Crown Castle Investment Corp. (merged with Global Signal Inc.) from January 2007 to July 2007; Eurocastle Investment Limited from August 2003 to November 2011; Fortress Brookdale Investment Fund LLC, from August 13, 2000 (deregistered with the SEC in March 2009); Fortress Pinnacle Investment Fund, from July 24, 2002 (deregistered with the SEC in March 2008); Fortress Investment Trust II, from July 2002 (deregistered with the SEC in January 2011); and RIC Coinvestment Fund LP, from May 10, 2006 (deregistered with the SEC in June 2009). Prior to forming Fortress, Mr. Edens was a partner and managing director of BlackRock Financial Management Inc., where he headed BlackRock Asset Investors, a private equity fund. In addition, Mr. Edens was formerly a partner and managing director of Lehman Brothers. |
David Handler |
Mr. David A. Handler is Independent Director of Penn National Gaming Inc. In August 2008, Mr. Handler joined Centerview Partners as a Partner. Centerview Partners is a boutique financial advisory and private equity firm. From April 2006 to August 2008, he was a Managing Director at UBS Investment Bank. From April 2000 until April 2006, he was a Senior Managing Director at Bear Stearns & Co., Inc. From July 1995 to April 2000, Mr. Handler was employed by Jefferies & Company, Inc. where he became a Managing Director in March 1998. |
John Jacquemin |
Mr. John M. Jacquemin is Independent Director of Penn National Gaming Inc. Mr. Jacquemin is President of Mooring Financial Corporation, a group of financial services companies founded by Mr. Jacquemin in 1982 that specialize in the purchase and administration of commercial loan portfolios. |
Robert Levy |
Mr. Robert P. Levy is Independent Director of Penn National Gaming Inc., since 1995. He is Chairman of the Board of Robert P. Levy LLC. He is a past Chairman of the Board of the Atlantic City Racing Association and served a two-year term from 1989 through 1990 as President of the Thoroughbred Racing Association. Mr. Levy has served as the Chairman of the Board of DRT Industries, Inc., a diversified business based in the Philadelphia metropolitan area, from 1960 to 2011. He is currently a consultant to Betfair Limited. Mr. Levy is also a past director of Fasig-Tipton Company, an equine auction company. Mr. Levy owns the Robert P. Levy Stable, a thoroughbred racing and breeding operation. |
Saul Reibstein |
Mr. Saul V. Reibstein is Independent Director of Penn National Gaming Inc. Since 2004, Mr. Reibstein has served as a member of the senior management team of CBIZ, Inc., a New York Stock Exchange-listed professional services company, where his current primary responsibility is managing business development on a national basis as Executive Managing Director. Mr. Reibstein has also managed nine business units in CBIZ's Financial Services Group and is part of a team that is responsible for acquisitions of accounting firms for CBIZ on a national basis. Mr. Reibstein also serves as a director of Vishay Precision Group, Inc., where he is the Chairman of the Audit Committee and a member of the Compensation Committee and the Nominating and Corporate Governance Committee. Mr. Reibstein has over 35 years of public accounting experience, including 11 years serving as a partner in BDO Seidman, LLP, (now BDO USA, LLP) a national accounting services firm, where he was the partner in charge of the Philadelphia office from June 1997 to December 2001 and Regional Business Line Leader from December 2001 until September 2004. |
Barbara Shattuck Kohn |
Ms. Barbara Shattuck Kohn is Independent Director of Penn National Gaming Inc. She is a Managing Director of Morgan Keegan--Raymond James. Morgan Keegan & Company, Inc. was recently acquired by Raymond James Financial from Regions Financial Corp. and was the successor to Shattuck Hammond Partners, an investment banking firm Ms. Shattuck Kohn co-founded in 1993. Prior to 1993, she spent 11 years at Cain Brothers, Shattuck & Company, Inc., an investment banking firm she also co-founded. From 1976 to 1982, she was a Vice President of Goldman, Sachs & Co. Ms. Shattuck Kohn began her career as a municipal bond analyst at Standard & Poor's Corporation. She is also a member of the board of directors of Sun Life Insurance & Annuity Company of New York, a wholly owned subsidiary of Sun Life Assurance of Canada. |
Joseph Jaffoni |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Peter Carlino |
11,978,300 |
Timothy Wilmott |
8,103,540 |
William Clifford |
6,103,400 |
Jordan Savitch |
2,420,300 |
Thomas Burke |
-- |
John Finamore |
1,147,000 |
Jay Snowden |
3,235,650 |
Steven Snyder |
1,851,230 |
Robert Ippolito |
1,343,410 |
Harold Cramer |
-- |
Wesley Edens |
-- |
David Handler |
-- |
John Jacquemin |
-- |
Robert Levy |
-- |
Saul Reibstein |
-- |
Barbara Shattuck Kohn |
-- |
Joseph Jaffoni |
-- |
As Of 30 Dec 2011
Options Compensation
| Name | Options | Value |
|---|---|---|
Peter Carlino |
1,408,700 | 22,345,860 |
Timothy Wilmott |
0 | 0 |
William Clifford |
706,500 | 10,659,590 |
Jordan Savitch |
271,180 | 3,480,309 |
Thomas Burke |
0 | 0 |
John Finamore |
87,892 | 1,179,210 |
Jay Snowden |
0 | 0 |
Steven Snyder |
103,000 | 2,028,700 |
Robert Ippolito |
83,446 | 748,225 |
Harold Cramer |
0 | 0 |
Wesley Edens |
0 | 0 |
David Handler |
0 | 0 |
John Jacquemin |
0 | 0 |
Robert Levy |
0 | 0 |
Saul Reibstein |
0 | 0 |
Barbara Shattuck Kohn |
0 | 0 |
Joseph Jaffoni |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
LEVY ROBERT P |
10,000 | $58.77 |
LEVY ROBERT P |
10,000 | $41.62 |
FINAMORE JOHN V |
3,944 | $25.35 |
FINAMORE JOHN V |
36,056 | $25.35 |
FINAMORE JOHN V |
40,000 | $58.41 |
SNYDER STEVEN T |
20,000 | $29.22 |
IPPOLITO ROBERT S |
300 | $58.50 |
IPPOLITO ROBERT S |
100 | $58.51 |
SNYDER STEVEN T |
20,000 | $58.75 |
SAVITCH JORDAN B |
50,000 | $58.74 |
SAVITCH JORDAN B |
3,019 | $33.12 |
SAVITCH JORDAN B |
46,981 | $33.12 |
IPPOLITO ROBERT S |
10,000 | $29.22 |
BURKE THOMAS P |
12,500 | $57.00 |
BURKE THOMAS P |
12,500 | $11.88 |
BURKE THOMAS P |
10,000 | $58.00 |
BURKE THOMAS P |
10,000 | $21.38 |
IPPOLITO ROBERT S |
10,000 | $57.50 |
SAVITCH JORDAN B |
35,000 | $56.70 |
SAVITCH JORDAN B |
35,000 | $21.38 |
IPPOLITO ROBERT S |
10,000 | $55.00 |
IPPOLITO ROBERT S |
10,000 | $29.22 |
SAVITCH JORDAN B |
74,778 | $29.22 |
SAVITCH JORDAN B |
74,778 | $54.63 |
SAVITCH JORDAN B |
3,422 | $29.22 |

