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PENN ENTERTAINMENT INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and PENN ENTERTAINMENT INC.’s Form 8-K, filed June 23, 2025 (Item 5.07 on EDGAR). Page generated October 18, 2026.

7Reported items
424Asset managers
2,171Fund votes
June 17, 2025Meeting date

Results at a glance

Meeting of June 17, 2025: 6 items on PENN ENTERTAINMENT INC.’s Form 8-K, filed June 23, 2025: 6 without a stated outcome.

Material dissent

4. The results of the vote to approve the second amendment to the Company's 2022 Long-Term Incentive Compensation Plan 75% of votes cast Outcome not stated Under 80%
3. The results of the advisory vote on executive compensation of the Company's Named Executive Officers for the 2024 fiscal year 37% of votes cast Outcome not stated Say-on-pay under 70%

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore PENN ENTERTAINMENT INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by PENN ENTERTAINMENT INC.

These tallies are PENN ENTERTAINMENT INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed June 23, 2025 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

PENN ENTERTAINMENT INC. — official shareholder meeting results, meeting held June 17, 2025
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: Johnny Harnett	108,409,603	--	--	699,900	8,057,052	99.3%	Not verified	—
Elect Director: Carlos Ruisanchez	108,370,058	--	--	739,455	8,057,052	99.3%	Not verified	—
2. The results of the vote to ratify the appointment of PricewaterhouseCoopers LLP to serve as the Company's independent registered public accounting firm for the 2025 fiscal year	112,928,192	1,191,010	3,047,353	--	0	99%	Not verified	—
3. The results of the advisory vote on executive compensation of the Company's Named Executive Officers for the 2024 fiscal year	38,425,126	65,078,367	4,760,640	--	8,902,422	37%	Not verified	—
4. The results of the vote to approve the second amendment to the Company's 2022 Long-Term Incentive Compensation Plan	77,271,973	26,323,148	4,669,012	--	8,902,422	75%	Not verified	—
5. The results of the advisory vote to approve the shareholder proposal regarding the commissioning of a report on the effects of a company-wide non-smoking policy	21,487,739	81,735,962	5,040,432	--	8,902,422	21%	Not verified	—

Source: PENN ENTERTAINMENT INC., Form 8-K, filed with the SEC on June 23, 2025 — read the filing on EDGAR.

How asset managers voted at the PENN ENTERTAINMENT INC. 2024-2025 meeting

Each item below shows how the 424 asset managers that disclosed a PENN ENTERTAINMENT INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of PENN ENTERTAINMENT INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Elect Director: Johnny Harnett

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 10 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%

FOR: 108,409,603WITHHELD: 699,900

Details: description as filed, official tally, votes by 65 asset managers

Description as filed by funds: HG Vora's proposal to elect to serve as directors of the Company Johnny Hartnett and Carlos Ruisanchez to hold office until the Company's 2028 Annual Meeting of Shareholders: HG VORA'S NOMINEES (also nominated by the Company): Johnny Hartnett

PENN ENTERTAINMENT INC.’s own tally for this item (“Elect Director: Johnny Harnett”): 108,409,603 for, 699,900 withheld, per its Form 8-K filed June 23, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.3% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 65 asset managers below reported 40,384,134 for, 16,879 withheld, 2,340,942 not voted.

FOR

FOR: 40,384,134WITHHOLD: 16,879NOT VOTED: 2,340,942

Largest asset managers voting on “HG Vora's proposal to elect to serve as directors of the Company Johnny Hartnett and Carlos Ruisanchez to hold” at PENN ENTERTAINMENT INC., 2024-2025
Asset manager	For	Vote
Vanguard	16,142,539	For
BlackRock	8,260,389	For
Invesco	4,616,142	For
NORTHERN LIGHTS FUND TRUST II	1,418,040	For
Fidelity	2,423,321	For
Federated Hermes	736,053	For
State Street	1,316,543	For
Charles Schwab	1,250,156	For
Harbor Funds II	486,721	For
AMERICAN BEACON FUNDS	337,300	For
Victory Capital	327,314	For
Jackson National	323,257	For
SEI	158,418	For
Columbia Threadneedle	297,954	For
TIAA	250,218	For
Northern Lights Fund Trust	195,045	For
Brinker Capital Destinations Trust	162,413	For
DRIEHAUS MUTUAL FUNDS	156,671	For
Principal	145,325	For
JPMorgan	122,940	For
Empower	115,484	For
Thrivent	109,902	For
PACE SELECT ADVISORS TRUST	108,155	For
LOCORR INVESTMENT TRUST	104,643	For
First Trust	101,506	For

Showing the 25 largest of 65 asset managers. See all 65 in the interactive database.

2. Elect Director: Carlos Ruisanchez

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 10 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%

FOR: 108,370,058WITHHELD: 739,455

Details: description as filed, official tally, votes by 65 asset managers

PENN ENTERTAINMENT INC.’s own tally for this item (“Elect Director: Carlos Ruisanchez”): 108,370,058 for, 739,455 withheld, per its Form 8-K filed June 23, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 65 asset managers below reported 40,390,134 for, 16,879 withheld, 2,340,942 not voted.

FOR

FOR: 40,390,134WITHHOLD: 16,879NOT VOTED: 2,340,942

Largest asset managers voting on “HG Vora's proposal to elect to serve as directors of the Company Johnny Hartnett and Carlos Ruisanchez to hold” at PENN ENTERTAINMENT INC., 2024-2025
Asset manager	For	Vote
Vanguard	16,142,539	For
BlackRock	8,260,389	For
Invesco	4,616,142	For
NORTHERN LIGHTS FUND TRUST II	1,418,040	For
Fidelity	2,423,321	For
Federated Hermes	736,053	For
State Street	1,316,543	For
Charles Schwab	1,250,156	For
Harbor Funds II	486,721	For
AMERICAN BEACON FUNDS	337,300	For
Victory Capital	327,314	For
Jackson National	323,257	For
SEI	158,418	For
Columbia Threadneedle	297,954	For
TIAA	250,218	For
Northern Lights Fund Trust	195,045	For
Brinker Capital Destinations Trust	162,413	For
DRIEHAUS MUTUAL FUNDS	156,671	For
Principal	145,325	For
JPMorgan	122,940	For
Empower	115,484	For
Thrivent	109,902	For
PACE SELECT ADVISORS TRUST	108,155	For
LOCORR INVESTMENT TRUST	104,643	For
First Trust	101,506	For

Showing the 25 largest of 65 asset managers. See all 65 in the interactive database.

3. HG Vora's proposal to elect to serve as a director of the Company William Clifford to hold office…: William Clifford

No official matchDIRECTOR ELECTIONS

Combines 5 wordings of this item as funds reported it.

78% of fund votes cast · no official result

FORWITHHOLD

Details: description as filed, votes by 49 asset managers

Description as filed by funds: HG Vora's proposal to elect to serve as a director of the Company William Clifford to hold office until the Company's 2028 Annual Meeting of Shareholders. This will only be voted by the proxy holder if there are three (3) director seats are up for election. HG VORA'S NOMINEE: William Clifford

The 49 asset managers below reported 11,375,631 for, 3,240,205 withheld, 173,293 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 11,375,631WITHHOLD: 3,240,205NOT VOTED: 173,293

Largest asset managers voting on “HG Vora's proposal to elect to serve as a director of the Company William Clifford to hold office until the Co” at PENN ENTERTAINMENT INC., 2024-2025
Asset manager	For	Withheld	Vote
Invesco	4,616,142	0	For
Fidelity	375,079	1,973,170	Mixed
NORTHERN LIGHTS FUND TRUST II	1,417,826	0	For
State Street	1,315,907	0	For
Charles Schwab	0	1,250,156	Withhold
Federated Hermes	736,053	0	For
Victory Capital	327,314	0	For
Jackson National	323,257	0	For
Columbia Threadneedle	297,954	0	For
TIAA	250,218	0	For
Northern Lights Fund Trust	195,045	0	For
Brinker Capital Destinations Trust	162,413	0	For
SEI	0	0	Not Voted
DRIEHAUS MUTUAL FUNDS	156,671	0	For
Principal	145,325	0	For
JPMorgan	122,940	0	For
Thrivent	109,902	0	For
PACE SELECT ADVISORS TRUST	108,155	0	For
LOCORR INVESTMENT TRUST	104,643	0	For
First Trust	101,506	0	For
BNY Mellon	100,792	0	For
Listed Funds Trust	77,845	0	For
Northern Lights Fund Trust IV	75,000	0	For
T. Rowe Price	40,578	0	For
GMO	35,400	0	For

Showing the 25 largest of 49 asset managers. See all 49 in the interactive database.

4. 5. The results of the advisory vote to approve the shareholder proposal regarding the commissioning of a report on the…

Outcome not verifiedOTHERReported outcome: Not verified

Combines 7 wordings of this item as funds reported it.

21% Majority: no · of votes cast

FOR 21%AGAINST

FOR: 21,487,739AGAINST: 81,735,962

Details: description as filed, official tally, votes by 63 asset managers

Description as filed by funds: THE COMPANY'S PROPOSAL TO APPROVE, ON AN ADVISORY BASIS, THE COMMISSIONING OF A REPORT ON THE EFFECTS OF A COMPANY-WIDE NON-SMOKING POLICY.

PENN ENTERTAINMENT INC.’s own tally for this item (“5. The results of the advisory vote to approve the shareholder proposal regarding the commissioning of a report on the effects of a company-wide non-smoking policy”): 21,487,739 for, 81,735,962 against, per its Form 8-K filed June 23, 2025 (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 21% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 63 asset managers below reported 2,183,138 for, 38,039,883 against, 56,082 abstained, 2,340,942 not voted.

AGAINST

FOR: 2,183,138AGAINST: 38,039,883ABSTAIN: 56,082NOT VOTED: 2,340,942

Largest asset managers voting on “THE COMPANY'S PROPOSAL TO APPROVE, ON AN ADVISORY BASIS, THE COMMISSIONING OF A REPORT ON THE EFFECTS OF A COM” at PENN ENTERTAINMENT INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	13,099	16,114,850	14,591	Against
BlackRock	0	8,260,389	0	Against
Invesco	0	4,616,142	0	Against
NORTHERN LIGHTS FUND TRUST II	1,417,826	214	0	For
Fidelity	0	2,423,321	0	Against
Federated Hermes	0	736,053	0	Against
State Street	949	1,315,594	0	Against
Charles Schwab	0	1,250,156	0	Against
Harbor Funds II	0	486,721	0	Against
AMERICAN BEACON FUNDS	0	337,300	0	Against
Victory Capital	0	327,314	0	Against
Jackson National	0	323,257	0	Against
SEI	158,418	0	0	For
Columbia Threadneedle	0	297,954	0	Against
TIAA	250,218	0	0	For
Northern Lights Fund Trust	195,045	0	0	For
Brinker Capital Destinations Trust	0	162,413	0	Against
DRIEHAUS MUTUAL FUNDS	0	156,671	0	Against
Principal	0	145,325	0	Against
JPMorgan	0	122,940	0	Against
Thrivent	0	109,902	0	Against
PACE SELECT ADVISORS TRUST	0	108,155	0	Against
LOCORR INVESTMENT TRUST	0	104,643	0	Against
First Trust	0	101,506	0	Against
BNY Mellon	0	100,792	0	Against

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

5. 4. The results of the vote to approve the second amendment to the Company's 2022 Long-Term Incentive Compensation Plan

Outcome not verified Fund totals may overlapCOMPENSATIONReported outcome: Not verified

Combines 9 wordings of this item as funds reported it.

75% Majority: yes · of votes cast

FOR 75%AGAINST

FOR: 77,271,973AGAINST: 26,323,148

Details: description as filed, official tally, votes by 69 asset managers

Description as filed by funds: THE COMPANY'S PROPOSAL TO APPROVE THE SECOND AMENDMENT TO THE COMPANY'S LONG TERM INCENTIVE COMPENSATION PLAN TO INCREASE THE NUMBER OF SHARES RESERVED FOR ISSUANCE THEREUNDER BY 8,563,000 SHARES.

PENN ENTERTAINMENT INC.’s own tally for this item (“4. The results of the vote to approve the second amendment to the Company's 2022 Long-Term Incentive Compensation Plan”): 77,271,973 for, 26,323,148 against, per its Form 8-K filed June 23, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 75% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of PENN ENTERTAINMENT INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Amend Omnibus Stock Plan” (3 managers, 115,603 for, 12,427 against).

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 60 asset managers voting on “THE COMPANY'S PROPOSAL TO APPROVE THE SECOND AMENDMENT TO THE COMPANY'S LONG TERM INCENTIVE COMPENSATION PLAN ” at PENN ENTERTAINMENT INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	16,142,539	0	0	For
BlackRock	8,260,389	0	0	For
Invesco	4,616,142	0	0	For
NORTHERN LIGHTS FUND TRUST II	1,418,040	0	0	For
Fidelity	2,048,242	375,079	0	Mixed
Federated Hermes	736,053	0	0	For
State Street	1,316,465	78	0	For
Charles Schwab	1,250,156	0	0	For
Harbor Funds II	486,721	0	0	For
AMERICAN BEACON FUNDS	337,300	0	0	For
Victory Capital	327,314	0	0	For
Jackson National	30,533	292,724	0	Mixed
SEI	158,418	0	0	For
Columbia Threadneedle	297,954	0	0	For
TIAA	250,218	0	0	For
Northern Lights Fund Trust	195,045	0	0	For
Brinker Capital Destinations Trust	162,413	0	0	For
DRIEHAUS MUTUAL FUNDS	156,671	0	0	For
Principal	145,325	0	0	For
JPMorgan	122,940	0	0	For
Thrivent	109,902	0	0	For
PACE SELECT ADVISORS TRUST	0	0	108,155	Abstain
LOCORR INVESTMENT TRUST	0	0	104,643	Abstain
First Trust	101,506	0	0	For
BNY Mellon	0	100,792	0	Against

Fund voting reports, all 60 managers: 39,182,253 for, 837,607 against, 229,677 abstained, 2,340,942 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 6 asset managers voting on “THE COMPANY'S PROPOSAL TO APPROVE THE SECOND AMENDMENT TO THE COMPANY'S LONG TERM INCENTIVE COMPENSATION PLAN ” at PENN ENTERTAINMENT INC., 2024-2025
Asset manager	For	Against	Vote
HG Vora Capital Management, LLC	0	7,250,000	Against
UNITED CAPITAL FINANCIAL ADVISORS, LLC	5,172	0	For
Summit Trail Advisors, LLC	750	0	For
EXENCIAL WEALTH ADVISORS, LLC	125	0	For
Petros Family Wealth, LLC	50	0	For
BRANDYWINE OAK PRIVATE WEALTH LLC	17	0	For

Institutional-manager reports, all 6 managers: 6,114 for, 7,250,000 against.

6. 3. The results of the advisory vote on executive compensation of the Company's Named Executive Officers for the 2024…

Outcome not verified Fund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Not verified

Combines 26 wordings of this item as funds reported it.

37% Majority: no · of votes cast

FOR 37%AGAINST

FOR: 38,425,126AGAINST: 65,078,367

Details: description as filed, official tally, votes by 422 asset managers

Description as filed by funds: Approval, on an advisory basis, of the compensation paid to the Company's named executive officers.

PENN ENTERTAINMENT INC.’s own tally for this item (“3. The results of the advisory vote on executive compensation of the Company's Named Executive Officers for the 2024 fiscal year”): 38,425,126 for, 65,078,367 against, per its Form 8-K filed June 23, 2025 (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 37% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports: 63 asset managers voting on “Approval, on an advisory basis, of the compensation paid to the Company's named executive officers.” at PENN ENTERTAINMENT INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	16,114,827	13,121	14,591	For
BlackRock	0	8,260,389	0	Against
Invesco	0	4,616,142	0	Against
NORTHERN LIGHTS FUND TRUST II	214	1,417,826	0	Against
Fidelity	1,973,170	450,151	0	Mixed
Federated Hermes	0	736,053	0	Against
State Street	636	1,315,907	0	Against
Charles Schwab	0	1,250,156	0	Against
Harbor Funds II	486,721	0	0	For
AMERICAN BEACON FUNDS	337,300	0	0	For
Victory Capital	0	327,314	0	Against
Jackson National	0	323,257	0	Against
SEI	0	158,418	0	Against
Columbia Threadneedle	0	297,954	0	Against
TIAA	0	250,218	0	Against
Northern Lights Fund Trust	195,045	0	0	For
Brinker Capital Destinations Trust	0	162,413	0	Against
DRIEHAUS MUTUAL FUNDS	0	156,671	0	Against
Principal	0	145,325	0	Against
JPMorgan	122,940	0	0	For
Empower	0	115,484	0	Against
Thrivent	0	109,902	0	Against
PACE SELECT ADVISORS TRUST	0	0	108,155	Abstain
LOCORR INVESTMENT TRUST	0	0	104,643	Abstain
First Trust	0	101,506	0	Against

Fund voting reports, all 63 managers: 19,392,903 for, 20,825,747 against, 233,799 abstained, 2,340,942 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 378 asset managers voting on “Approval, on an advisory basis, of the compensation paid to the Company's named executive officers.” at PENN ENTERTAINMENT INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
HG Vora Capital Management, LLC	0	7,250,000	0	Against
DME Capital Management, LP	0	6,305,145	0	Against
SHAPIRO CAPITAL MANAGEMENT LLC	4,896,487	0	0	For
Invesco	0	4,755,946	0	Against
BlackRock	171	3,839,797	0	Against
Contrarius Group Holdings Ltd	0	3,791,155	0	Against
Invenomic Capital Management LP	0	1,657,725	0	Against
TOMS Capital Investment Management LP	2,950,902	0	0	For
State Street	636	2,647,075	0	Against
NewEdge Wealth, LLC	0	1,281,846	0	Against
EARNEST PARTNERS LLC	0	2,456,112	0	Against
GEODE CAPITAL MANAGEMENT, LLC	2,190,737	0	0	For
Long Focus Capital Management, LLC	0	1,840,000	0	Against
Wolf Hill Capital Management, LP	1,819,904	0	0	For
CANADA PENSION PLAN INVESTMENT BOARD	0	1,711,700	0	Against
Federated Hermes	0	796,000	0	Against
ARMISTICE CAPITAL, LLC	1,566,961	0	0	For
Charles Schwab	0	1,312,325	0	Against
ADAGE CAPITAL PARTNERS GP, L.L.C.	0	588,491	588,491	Mixed
JENNISON ASSOCIATES LLC	0	568,361	0	Against
NEW YORK STATE COMMON RETIREMENT FUND	0	546,317	0	Against
Melqart Asset Management (UK) Ltd	0	0	0	Not Voted
PRINCIPAL GLOBAL INVESTORS	0	743,345	0	Against
Victory Capital	0	647,406	0	Against
Northern Trust	563,077	15,442	0	For

Institutional-manager reports, all 378 managers: 15,401,424 for, 49,765,508 against, 1,208,215 abstained, 6,343,756 not voted. Showing the 25 largest; see all in the interactive database.

7. 2. The results of the vote to ratify the appointment of PricewaterhouseCoopers LLP to serve as the Company's…

Outcome not verifiedAUDIT-RELATEDReported outcome: Not verified

Combines 11 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 112,928,192AGAINST: 1,191,010

Details: description as filed, official tally, votes by 65 asset managers

Description as filed by funds: The Company's proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025

PENN ENTERTAINMENT INC.’s own tally for this item (“2. The results of the vote to ratify the appointment of PricewaterhouseCoopers LLP to serve as the Company's independent registered public accounting firm for the 2025 fiscal year”): 112,928,192 for, 1,191,010 against, per its Form 8-K filed June 23, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 65 asset managers below reported 40,435,586 for, 16,879 abstained, 2,340,942 not voted.

FOR

FOR: 40,435,586ABSTAIN: 16,879NOT VOTED: 2,340,942

Largest asset managers voting on “The Company's proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent re” at PENN ENTERTAINMENT INC., 2024-2025
Asset manager	For	Vote
Vanguard	16,142,539	For
BlackRock	8,260,389	For
Invesco	4,616,142	For
NORTHERN LIGHTS FUND TRUST II	1,418,040	For
Fidelity	2,423,321	For
Federated Hermes	736,053	For
State Street	1,316,543	For
Charles Schwab	1,250,156	For
Harbor Funds II	486,721	For
AMERICAN BEACON FUNDS	337,300	For
Victory Capital	327,314	For
Jackson National	323,257	For
SEI	158,418	For
Columbia Threadneedle	297,954	For
TIAA	250,218	For
Northern Lights Fund Trust	195,045	For
Brinker Capital Destinations Trust	162,413	For
DRIEHAUS MUTUAL FUNDS	156,671	For
Principal	145,325	For
JPMorgan	122,940	For
Empower	115,484	For
Thrivent	109,902	For
PACE SELECT ADVISORS TRUST	108,155	For
LOCORR INVESTMENT TRUST	104,643	For
First Trust	101,506	For

Showing the 25 largest of 65 asset managers. See all 65 in the interactive database.

Largest PENN ENTERTAINMENT INC. shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 151,001,976 shares outstanding at the time of that meeting.

Fund voting reports: top PENN ENTERTAINMENT INC. shareholders by shares voted on “Approval, on an advisory basis, of the compensation paid to the Company's named executive…”, 2024-2025
#	Asset manager	% of shares outstanding
1	Vanguard	10.69%
2	BlackRock	5.47%
3	Invesco	3.06%
4	NORTHERN LIGHTS FUND TRUST II	1.88%
5	Fidelity	1.60%
6	Federated Hermes	0.97%
7	State Street	0.87%
8	Charles Schwab	0.83%
9	Harbor Funds II	0.32%
10	AMERICAN BEACON FUNDS	0.22%

Institutional-manager reports: top PENN ENTERTAINMENT INC. shareholders by shares voted on “Approval, on an advisory basis, of the compensation paid to the Company's named executive…”, 2024-2025
#	Asset manager	% of shares outstanding
1	HG Vora Capital Management, LLC	4.80%
2	DME Capital Management, LP	4.18%
3	SHAPIRO CAPITAL MANAGEMENT LLC	3.24%
4	Invesco	3.15%
5	BlackRock	2.54%
6	Contrarius Group Holdings Ltd	2.51%
7	Invenomic Capital Management LP	2.20%
8	TOMS Capital Investment Management LP	1.95%
9	State Street	1.75%
10	NewEdge Wealth, LLC	1.70%

Reported PENN ENTERTAINMENT INC. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

PENN ENTERTAINMENT INC. holdings and ownership disclosed for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
BlackRock	11.59%	13F
Vanguard Group	10.76%	13F
Vanguard Portfolio Management	5.64%	13G
HG Vora Capital Management, LLC	4.80%	13D
Invesco	3.98%	13F
State Street	3.23%	13F
FMR LLC	3.20%	13G
Citadel Advisors	2.16%	13F
Goldman Sachs	2.08%	13F
Morgan Stanley	1.33%	13F

Percentages above are of 151,001,976 shares outstanding, as reported by PENN ENTERTAINMENT INC. on its Form 10-Q dated May 7, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from PENN ENTERTAINMENT INC.’s 10-Q dated May 7, 2025. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.

At PENN ENTERTAINMENT INC.'s shareholder meeting held June 17, 2025, in the 2024-2025 proxy season, 424 asset managers reported how they voted in their SEC Form N-PX filings, covering 2,171 separate fund positions. Their filings are grouped here into 7 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — Approval, on an advisory basis, of the compensation paid to the Company's named executive… — FOR was 37% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is not more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: PENN ENTERTAINMENT INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on June 23, 2025.

PENN ENTERTAINMENT INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Download data (CSV): ballot items · votes by manager · column guide.