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Elaine Wynn Proposes Restructuring Wynn Resorts Board

In an attempt to restore the company’s reputation, Elaine Wynn is proposing an immediate restructuring of the Wynn Resorts board of directors.

Her request comes after she and her ex-husband, former Wynn Resorts Chairman Steve Wynn, formally announced  a settlement of court claims in a breach-of-contract civil lawsuit.

Regulators continue to investigate the company’s handling of  sexual misconduct allegations against Steve Wynn.

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Elaine Wynn - the company’s largest shareholder - is asking the board to reopen the window during which shareholders can nominate directors, although she says she does not plan to nominate herself.