Gamco trimmed its stake after withdrawing its proposal in Ryman Hospitality Properties (RHP)

M. Cap: $2 billion | Ryman is the successor to Gaylord Entertainment Company (“Gaylord”), formerly a Delaware corporation originally incorporated in 1956.

• In December 2011, Gamco submitted a shareholder proposal requesting that the board of directors of the Company not extend the August 12, 2012, expiration date of the Company’s amended and restated rights plan unless the stockholders of the Company approve such an extension.
• At the AGM held on May 10, 2012, this proposal was approved by the shareholders.
• On September 12, 2012, Gamco sent a letter to the Company announcing that, at the special meeting of shareholders, it would vote against the REIT conversion proposed by the Company.
• However, at the special meeting held on September 25, 2012, the shareholders approved the conversion to a REIT.
• On December 16, 2016, Gamco reported holding 11.1%.
• On September 28, 2017, Gamco (10.43%) stated that it was making a formal request for the separation of the Company’s Entertainment segment by submitting a stockholder proposal to be voted on at the 2018 Annual Meeting. Source
• On November 1, 2017, Gamco submitted a stockholder proposal for the separation of the Company’s Entertainment segment to be voted on at the 2018 Annual Meeting. Source
• On May 3, 2018, the Company disclosed that Gamco’s proposal requesting that the Company effect a tax-deferred spin-off of the Company’s Entertainment business into a separate publicly traded C-corporation was withdrawn by Gamco prior to the Annual Meeting and was therefore not voted upon at the Annual Meeting. Source
• On September 4, 2018, Gamco reduced its stake to 8.31%.
• On March 5, 2020, Gamco reduced its stake to 5.91%.
• On June 2, 2020, Gamco reduced its stake to 4.7%.