Attached files
| file | filename |
|---|---|
| EX-10.1 - EXHIBIT 10.1 - DOVER MOTORSPORTS INC | tm201236d1_ex10-1.htm |
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 | 51-0357525 | |
| (State or other jurisdiction of incorporation) | (IRS Employer Identification No.) |
| 1131 N. DuPont Highway | ||
| Dover, Delaware | 19901 | |
| (Address of principal executive offices) | (Zip Code) |
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 | Trading Symbol(s) | Name of Exchange on Which Registered | ||
| Common Stock, $.10 Par Value | DVD | New York Stock Exchange |
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 | Number of Shares Granted | |
| Denis McGlynn | 20,000 | |
| Michael A. Tatoian | 20,000 | |
| Klaus M. Belohoubek | 15,000 | |
| Timothy R. Horne | 15,000 |
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.
| (d) | Exhibits | |
| 10.1 | Form of Restricted Stock Grant Agreement | |
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.
| Dover Motorsports, Inc. | |
| /s/ Denis McGlynn | |
| Denis McGlynn | |
| President and Chief Executive Officer | |
| Dated:January 3, 2020 |