Our class II directors are Janet E. Grove, Eric C. Resnick and Michael S. Shannon
and their term will expire at this meeting.
The Board of Directors, acting upon the unanimous recommendation of its Nominating and Corporate Governance Committee
, has unanimously nominated Janet E. Grove, Eric C. Resnick and Michael S. Shannon
for election as Class II directors.
Michael S. Shannon, age 56, has served as a director since 2006.
He has served as a managing director of KSL since its founding in 2005.
He co-founded and previously served as chief executive officer of KSL Resorts from 2004 to 2005, and founded and previously served as president and chief executive officer of KSL Recreation Corporation from 1992 to 2004.
Prior to establishing KSL Recreation Corporation, he served as president and chief executive officer of Vail Associates, Inc. from 1986 to 1992.
He holds a Bachelor of Business Administration from the University of Wisconsin and a Master of Management in accounting and finance from Northwestern University's Kellogg School of Management.
As a member of the Board of Directors, Mr. Shannon contributes his knowledge of the resort and recreation industry, as well substantial experience developing corporate strategy and assessing emerging industry trends and business operations.
also brings his
insight into the proper functioning and role of corporate boards of directors, gained through his
years of service on various boards of directors.
Michael S. Shannon(1)
The special investment committee of each of the KSL General Partners consists of Eric C. Resnick, Michael S. Shannon
and Siegel disclaim beneficial ownership of these shares except to the extent of their individual pecuniary interest in these entities.
and Siegel is c/o KSL Capital Partners, LLC, 100 Fillmore Street, Suite 600, Denver, Colorado 80206.
Michael S. Shannon