Ryman Hospitality Properties, Inc. Announces 2020 Annual Meeting of Stockholders Location and Process Update
April 30 2020 - 8:30AM
In light of public health and safety concerns regarding the
COVID-19 pandemic, Ryman Hospitality Properties, Inc. (the
“Company”) intends to convene and then immediately adjourn the 2020
Annual Meeting of Stockholders of the Company (the “2020 Annual
Meeting”). The 2020 Annual Meeting is scheduled to occur at 10:00
am Central Time, Wednesday, May 13, 2020 at the Gaylord Opryland
Resort and Convention Center in Nashville, Tennessee. The 2020
Annual Meeting will be reconvened at the Company’s corporate
headquarters, located at One Gaylord Drive, Nashville, Tennessee
37214, on Wednesday, May 13, 2020, at 3:00 p.m. Central Time.
All stockholders of record as of the close of business on
March 25, 2020 (the “record date”) may attend the 2020 Annual
Meeting, but please be advised that the Company will follow all
applicable state and local guidelines then in effect with respect
to social distancing and the number of attendees in any one
location during the 2020 Annual Meeting, there will not be an
opportunity to directly interact with management and the Board of
Directors before or after the meeting, and no refreshments will be
served. Additionally, the Company reserves the right to admit only
stockholders as of the record date to the 2020 Annual Meeting by
requiring that potential attendees provide proof of stock
ownership.
The 2020 Annual Meeting will consist of official business only.
Management and our Board of Directors enjoy the opportunity to
interact with stockholders at the Company’s annual meetings;
however, this year, management and our Board of Directors believe,
as a matter of public health and safety, that it would be in the
best interests of the Company and its stockholders for stockholders
to utilize the audio conference call option described below in lieu
of attending the 2020 Annual Meeting in-person. Moreover, as a
result of existing restrictions on travel and gatherings, the
Company anticipates that a very limited number of the Company’s
management team and Board of Directors will be present in-person at
the 2020 Annual Meeting.
Stockholders voting their shares by proxy do not need to attend
the 2020 Annual Meeting, unless they wish to revoke their proxy and
vote in-person. The Company intends to provide audio conference
call access for the 2020 Annual Meeting, which will allow those who
wish to remotely listen to the 2020 Annual Meeting. To listen to
the conference call, please dial 973-935-8756 and use conference ID
6373864. The call will be available for replay through May 31,
2020 by dialing 800-585-8367 and using conference ID 6373864.
Stockholders, specifically those electing to listen to the audio
conference call, may submit questions in advance of the 2020 Annual
Meeting by emailing your question, along with proof of stock
ownership, to the Company’s General Counsel, Scott Lynn, via email
at slynn@rymanhp.com. Any stockholders attending the 2020 Annual
Meeting in-person will be able to ask questions at the 2020 Annual
Meeting.
Please note that the audio conference call will only permit
listening to the 2020 Annual Meeting, and will not allow
stockholders to vote or otherwise participate in the 2020 Annual
Meeting. Additionally, any stockholders who elect to listen
remotely to the 2020 Annual Meeting will not be considered as
attending the 2020 Annual Meeting for purposes of determining a
quorum.
Your vote is important to the Company. As
always, the Company urges all stockholders of record as of the
record date to vote their shares prior to the 2020 Annual Meeting.
Stockholders can ensure their shares are represented at the 2020
Annual Meeting by promptly voting and submitting their proxy by
telephone, Internet or by completing, signing, dating and returning
the proxy card in the postage-prepaid envelope previously provided
by the Company. Stockholders may access the Company’s proxy
materials on the 2020 Annual Meeting website at the following
location:
http://ir.rymanhp.com/proxy.
The Company will make available a list of stockholders of record
as of the record date for inspection by stockholders for any
purpose germane to the 2020 Annual Meeting from May 1 through May
12, 2020 during normal business hours at our corporate
headquarters. As our normal business hours have been affected due
to COVID-19, to access the stockholders list during this time,
please send your request, along with proof of stock ownership, to
the Company’s General Counsel, Scott Lynn, via email at
slynn@rymanhp.com. The stockholder list will also be available for
inspection by stockholders at the Company’s corporate headquarters
during the 2020 Annual Meeting.
About Ryman Hospitality Properties, Inc.
Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading
lodging and hospitality real estate investment trust that
specializes in upscale convention center resorts and country music
entertainment experiences. The Company’s core holdings* include a
network of five of the top 10 largest non-gaming convention center
hotels in the United States based on total indoor meeting space.
These convention center resorts operate under the Gaylord Hotels
brand and are managed by Marriott International. The Company also
owns two adjacent ancillary hotels and a small number of
attractions managed by Marriott International for a combined total
of 10,110 rooms and more than 2.7 million square feet of total
indoor and outdoor meeting space in top convention and leisure
destinations across the country. The Company’s Entertainment
segment includes a growing collection of iconic and emerging
country music brands, including the Grand Ole Opry; Ryman
Auditorium, WSM 650 AM; Ole Red and Circle, a country lifestyle
media network the Company owns in a joint-venture partnership with
Gray Television. The Company operates its Entertainment segment as
part of a taxable REIT subsidiary.
*The Company is the sole owner of Gaylord Opryland Resort &
Convention Center; Gaylord Palms Resort & Convention Center;
Gaylord Texan Resort & Convention Center; and Gaylord National
Resort & Convention Center. It is the majority owner and
managing member of the joint venture that owns Gaylord Rockies
Resort & Convention Center.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains statements as to the Company’s
beliefs and expectations of the outcome of future events that are
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. You can identify these statements by
the fact that they do not relate strictly to historical or current
facts. Examples of these statements include, but are not limited
to, statements regarding the anticipated impact of COVID-19 on
travel, transient and group demand, the anticipated impact of
COVID-19 on our results of operations, the amount and collection of
cancellation and attrition fees, cost containment efforts, and our
plans to assess the reopening of our Gaylord Hotels properties and
other assets when the COVID-19 pandemic subsides. These
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from the
statements made. These risks and uncertainties include, but are not
limited to, the effects of the COVID-19 pandemic on us and the
hospitality and entertainment industries generally; the effects of
the COVID-19 pandemic on the demand for travel, transient and group
business (including government-imposed restrictions); levels of
consumer confidence in the safety of travel and group gathering as
a result of COVID-19; the length and severity of the COVID-19
pandemic in the United States and the pace of recovery following
the COVID-19 pandemic; the length and severity of the COVID-19
pandemic in the markets where our assets are located; our ability
to implement cost containment strategies; and the adverse effects
of COVID-19 on our business or the market price of our common
stock. Other factors that could cause results to differ are
described in the filings made from time to time by the Company with
the U.S. Securities and Exchange Commission and include the risk
factors and other risks and uncertainties described in the
Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2019 and its Quarterly Reports on Form 10-Q and
subsequent filings. Except as required by law, the Company does not
undertake any obligation to release publicly any revisions to
forward-looking statements made by it to reflect events or
circumstances occurring after the date hereof or the occurrence of
unanticipated events.
Source: Ryman Hospitality Properties, Inc.
Investor Relations Contacts: |
Media Contacts: |
Mark Fioravanti, President & Chief Financial Officer |
Shannon Sullivan, Vice President Corporate and Brand
Communications |
Ryman Hospitality Properties, Inc. |
Ryman Hospitality Properties, Inc. |
(615) 316-6588 |
(615) 316-6725 |
mfioravanti@rymanhp.com |
ssullivan@rymanhp.com |
~or~ |
~or~ |
Todd Siefert, Senior Vice President Corporate Finance &
Treasurer |
Robert Winters |
Ryman Hospitality Properties, Inc. |
Alpha IR Group |
(615) 316-6344 |
(929) 266-6315 |
tsiefert@rymanhp.com |
robert.winters@alpha-ir.com |
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