Canterbury Park Elects New Directors, Reports Executive Compensation
Ticker: CPHC · Form: 8-K · Filed: Mar 14, 2024 · CIK: 1672909
Sentiment: neutral
Topics: governance, board-of-directors, executive-compensation
Related Tickers: CPHC
TL;DR
Canterbury Park adds two new board members, effective immediately.
AI Summary
Canterbury Park Holding Corp. announced on March 12, 2024, the election of two new directors, Michael J. Brown and Randall D. "Randy" Thesing, to its Board of Directors. The company also reported on compensatory arrangements for its named executive officers. These changes are effective immediately.
Why It Matters
The addition of new directors can signal a shift in strategy or governance for Canterbury Park, potentially impacting its future business decisions and shareholder value.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance matters like director elections and executive compensation, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- Canterbury Park Holding Corp. (company) — Registrant
- Michael J. Brown (person) — Newly elected director
- Randall D. "Randy" Thesing (person) — Newly elected director
- March 12, 2024 (date) — Date of earliest event reported
FAQ
Who were the newly elected directors for Canterbury Park Holding Corp.?
Michael J. Brown and Randall D. "Randy" Thesing were elected as directors.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on March 12, 2024.
What is the principal executive office address for Canterbury Park Holding Corp.?
The address is 1100 Canterbury Road, Shakopee, Minnesota 55379.
What is the SIC code for Canterbury Park Holding Corp.?
The SIC code is 7948, which corresponds to SERVICES-RACING, INCLUDING TRACK OPERATION.
What items are covered in this 8-K filing?
This filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
Filing Stats: 900 words · 4 min read · ~3 pages · Grade level 12.7 · Accepted 2024-03-14 12:42:36
Key Financial Figures
- $327,652 — base salary will be increased by 4% to $327,652 and Mr. Dehmer's annual base salary wil
- $261,081 — ase salary will be increased by 3.5% to $261,081. Adoption of 2024 Annual Bonus Plan
Filing Documents
- cphc20240314_8k.htm (8-K) — 33KB
- 0001437749-24-007801.txt ( ) — 162KB
- cphc-20240312.xsd (EX-101.SCH) — 3KB
- cphc-20240312_def.xml (EX-101.DEF) — 11KB
- cphc-20240312_lab.xml (EX-101.LAB) — 15KB
- cphc-20240312_pre.xml (EX-101.PRE) — 11KB
- cphc20240314_8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits Exhibit No. Description 10.1 Canterbury Park Holding Corporation Annual Incentive Plan (filed as Exhibit 99.1 to Form 8-K dated April 5, 2016 and incorporated herein by reference). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CANTERBURY PARK HOLDING CORPORATION Dated: March 14, 2024 By: /s/ Randall D. Sampson Randall D. Sampson President and Chief Executive Officer