Attached files
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8-K - FORM 8-K - Ryman Hospitality Properties, Inc. | g27909e8vk.htm |
EX-4.1 - EX-4.1 - Ryman Hospitality Properties, Inc. | g27909exv4w1.htm |
Exhibit 99.1

GAYLORD ENTERTAINMENT EXTENDS SHAREHOLDER RIGHTS PLAN BY ONE YEAR
NASHVILLE, Tenn. (August 12, 2011) Gaylord Entertainment Co. (NYSE: GET) today announced that
its Board of Directors elected yesterday to extend the term of the Companys shareholder rights
plan by one year until August 12, 2012. This extension was not in response to any acquisition
proposal. Except for the extension of the expiration date of the plan from August 12, 2011 to
August 12, 2012, the other terms and conditions of the shareholder rights plan remain unchanged.
Colin V. Reed, chairman and chief executive officer of Gaylord Entertainment, stated, The Board
decided to extend our existing shareholder rights plan as a result of this weeks turbulent and
unpredictable stock market gyrations, which we believe has led to a substantial disconnect between
the true value of the company and our stock price. The Board also took into account significant
recent acquisitions of our stock by our largest shareholder when making this determination. By
extending the shareholder rights plan, we are ensuring that all shareholders can equally and fairly
participate in the benefits of our unique business model.
The full text of the amendment to the shareholder rights plan will be filed on a Current Report on
Form 8-K to be filed with the Securities and Exchange Commission.
About Gaylord Entertainment
Gaylord Entertainment (NYSE: GET), a leading hospitality and entertainment company based in Nashville, Tenn., owns and operates Gaylord Hotels (www.gaylordhotels.com), its network of upscale, meetings-focused resorts, and the Grand Ole Opry (www.opry.com), the weekly showcase of country musics finest performers for more than 85 consecutive years. The Companys entertainment brands and properties include the Radisson Hotel Opryland, Ryman Auditorium, General Jackson Showboat, Gaylord Springs Golf Links, Wildhorse Saloon, and WSM-AM. For more information about the Company, visit www.GaylordEntertainment.com.
Gaylord Entertainment (NYSE: GET), a leading hospitality and entertainment company based in Nashville, Tenn., owns and operates Gaylord Hotels (www.gaylordhotels.com), its network of upscale, meetings-focused resorts, and the Grand Ole Opry (www.opry.com), the weekly showcase of country musics finest performers for more than 85 consecutive years. The Companys entertainment brands and properties include the Radisson Hotel Opryland, Ryman Auditorium, General Jackson Showboat, Gaylord Springs Golf Links, Wildhorse Saloon, and WSM-AM. For more information about the Company, visit www.GaylordEntertainment.com.
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This press release contains statements as to the Companys 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. These forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially from the statements made. These
include the risks and uncertainties associated with the flood damage to Gaylord Opryland and our
other Nashville-area Gaylord facilities, including our remaining flood-related repair projects,
effects of the hotel closure such as the loss of customer goodwill, uncertainty of future hotel
bookings and other negative factors yet to be determined, risks associated with compliance with the
Companys $925 million credit facility which matures in August 2015, risks associated with
development, budgeting, financing and approvals for our Colorado project, economic conditions
affecting the hospitality business generally, rising labor and benefits costs, the timing of any
new development projects, increased costs and other risks associated with building and developing
new hotel facilities, the geographic concentration of our hotel properties, business levels at the
Companys hotels, our ability to successfully operate our hotels, our ability to refinance
indebtedness as it matures and our ability to obtain financing for new developments. Other factors
that could cause operating and financial results to differ are described in the filings made from
time to time by the Company with the Securities and Exchange Commission and include the risk
factors described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2010 and
our Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2011. 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.
Investor Relations Contacts: Mark Fioravanti, Senior Vice President and Chief Financial Officer Gaylord Entertainment (615) 316-6588 mfioravanti@gaylordentertainment.com ~or~ Patrick Chaffin, Vice President of Strategic Planning and Investor Relations Gaylord Entertainment (615) 316-6282 pchaffin@gaylordentertainment.com |
Media Contacts: Brian Abrahamson, Vice President of Corporate Communications Gaylord Entertainment (615) 316-6302 babrahamson@gaylordentertainment.com ~or~ Josh Hochberg or Dan Zacchei Sloane & Company (212) 446-1892 or (212) 446-1882 jhochberg@sloanepr.com or dzacchei@sloanepr.com |