Gaming and Leisure Properties Expands Board of Directors With Appointment of Michael Borofsky

Core Insights - Gaming and Leisure Properties, Inc. (GLPI) has appointed Michael Borofsky as a new independent director, expanding the Board of Directors to eight members, with seven being independent according to Nasdaq standards [1][3] Group 1: Appointment Details - Michael Borofsky's appointment is effective immediately, pending customary regulatory approvals [1] - The Board now consists of eight members, enhancing its independent oversight [1] Group 2: Background of Michael Borofsky - Borofsky is the founder of Mithrandir Ventures, focusing on high cash flow businesses and innovation through emerging technologies [2] - He has extensive experience in various sectors, including gaming, healthcare, and technology [3] - Prior roles include General Counsel at Gryphon Investors, Chief Operating and Strategy Officer at the Pohlad Companies, and a senior executive at MacAndrews & Forbes [3] Group 3: Company Overview - GLPI specializes in acquiring, financing, and owning real estate properties leased to gaming operators under triple-net lease arrangements, where tenants are responsible for all maintenance, insurance, taxes, and utilities [5]