Current Report Filing (8-k)
January 06 2020 - 4:17PM
Edgar (US Regulatory)
United States
Securities And Exchange Commission
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
January 3, 2020
Dover Motorsports, Inc.
(Exact name of registrant as specified in
its charter)
Commission File Number 1-11929
Delaware
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51-0357525
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(State or other jurisdiction of incorporation)
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(IRS Employer Identification No.)
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1131 N. DuPont Highway
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Dover, Delaware
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19901
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(Address of principal executive offices)
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(Zip Code)
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Registrant's telephone number, including
area code (302) 883-6500
N/A
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Class
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Trading Symbol(s)
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Name of Exchange on Which Registered
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Common Stock, $.10 Par Value
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DVD
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New York Stock Exchange
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Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ¨
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02 Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 3, 2019, the Company's Compensation
and Stock Incentive Committee made annual restricted stock awards in a manner consistent with prior years, with shares vesting
one-fifth per year beginning on the second anniversary of the grant date. Grants were made pursuant to the attached Form of Restricted
Stock Grant Agreement to the following executive officers in the following amounts:
Employee
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Number of Shares Granted
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Denis McGlynn
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20,000
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Michael A. Tatoian
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20,000
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Klaus M. Belohoubek
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15,000
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Timothy R. Horne
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15,000
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In addition, the Committee adjusted the
annual salary for Timothy R. Horne to $200,000 effective January 1, 2020.
A copy of the Form of Restricted Stock
Grant Agreement is attached hereto as Exhibit 10.1.
Item 9.01 Financial Statements and
Exhibits.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, we have duly caused this report to be signed on our behalf by the undersigned hereunto
duly authorized.
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Dover Motorsports, Inc.
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/s/ Denis McGlynn
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Denis McGlynn
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President and Chief Executive Officer
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Dated:January 3, 2020
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