0001193125-11-111974.txt : 20110427 0001193125-11-111974.hdr.sgml : 20110427 20110427162623 ACCESSION NUMBER: 0001193125-11-111974 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110427 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110427 DATE AS OF CHANGE: 20110427 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DOVER MOTORSPORTS INC CENTRAL INDEX KEY: 0001017673 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] IRS NUMBER: 510357525 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11929 FILM NUMBER: 11783950 BUSINESS ADDRESS: STREET 1: 1131 N DUPONT HWY CITY: DOVER STATE: DE ZIP: 19901 BUSINESS PHONE: 3026744600 MAIL ADDRESS: STREET 1: P O BOX 843 CITY: DOVER STATE: DE ZIP: 19903 FORMER COMPANY: FORMER CONFORMED NAME: DOVER DOWNS ENTERTAINMENT INC DATE OF NAME CHANGE: 19960627 8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

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)

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))

 

 

 


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
Number

  

Description

99.1    Press Release dated April 27, 2011, issued by Dover Motorsports, Inc.
EX-99.1 2 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

LOGO

 

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 Company’s 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 Bank’s Executive Management Team. He oversaw the world’s largest credit card portfolio with operations in the United States, Canada and Europe and also led the company’s 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 management’s beliefs and assumptions. Such statements are subject to various risks and uncertainties which could cause results to vary materially. Please refer to the Company’s 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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