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): April 27, 2011
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) |
Registrants 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)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On April 27, 2011, we issued a press release announcing the addition of an independent director to our Board of Directors. Richard K. Struthers was elected at our annual meeting of stockholders held this morning at the Dover Downs Hotel & Casino in Dover, Delaware. A copy of our press release is attached hereto as Exhibit 99.1 and hereby incorporated by reference.
Item 9.01 Financial Statements and Exhibits.
(d) | Exhibits |
99.1 | Press Release dated April 27, 2011 |
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: April 27, 2011
EXHIBIT INDEX
Exhibit |
Description | |
99.1 | Press Release dated April 27, 2011, issued by Dover Motorsports, Inc. |
Exhibit 99.1
FOR IMMEDIATE RELEASE | For further information, call: | |
Timothy R. Horne - Sr. Vice President-Finance | ||
Dover, Delaware, April 27, 2011 | (302) 857-3292 |
Dover Motorsports, Inc. Announces
Election of Richard K. Struthers as a Director
Dover Motorsports, Inc. (NYSE-Symbol: DVD) announced today the addition of an independent director to its Board of Directors. Richard K. Struthers was elected at the Companys annual meeting of stockholders held this morning at the Dover Downs Hotel & Casino in Dover, Delaware. Existing Board members standing for re-election were also re-elected at the meeting.
Mr. Struthers brings to the Dover Board a wealth of knowledge and experience from his tenure with Bank of America and MBNA America Bank.
Mr. Struthers is past President of Bank of America Global Card Services and was a member of the Banks Executive Management Team. He oversaw the worlds largest credit card portfolio with operations in the United States, Canada and Europe and also led the companys unsecured lending and international card businesses. In total, he was responsible for more than $200 billion in managed loans. He retired in April of 2010.
Mr. Struthers joined Bank of America in January 2006 after serving as Executive Vice-Chairman of MBNA America Bank. Mr. Struthers was a founding member of the management team that established MBNA in 1982 and has more than 31 years of management experience in consumer lending.
Henry B. Tippie, Chairman of Dover, stated, Ric is a tremendous addition to our Board. He is well known and well respected in the community, has a deep understanding of all matters financial, and will be a great resource for us both in terms of the insights he will bring to our Board and the extensive contacts that he has developed in the business community.
Denis McGlynn, President of Dover, stated, I have known and worked with Ric for many years and am delighted to welcome someone of his stature to our Board. I look forward to continuing our relationship and expect that Ric will make a significant contribution to our organization.
Mr. Struthers has a Bachelor of Science degree in business administration from Penn State and is also a graduate of the Retail School of Banking at the University of Virginia.
* * *
This release contains or may contain forward-looking statements based on managements beliefs and assumptions. Such statements are subject to various risks and uncertainties which could cause results to vary materially. Please refer to the Companys SEC filings for a discussion of such factors.
Dover Motorsports, Inc. is a leading promoter of motorsports events in the United States. Its motorsports subsidiaries operate two motorsports tracks in two states and promote NASCAR sanctioned and other motorsports events. The Company owns and operates Dover International Speedway in Dover, Delaware and Nashville Superspeedway near Nashville, Tennessee. For further information, log on to www.dovermotorsports.com.
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