Churchill Downs Files 8-K: Material Agreement

Ticker: CHDN · Form: 8-K · Filed: 2024-07-03T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, 8-K

TL;DR

CDI signed a material definitive agreement, filing details pending.

AI Summary

On July 3, 2024, Churchill Downs Inc. entered into a material definitive agreement, the details of which are not fully disclosed in this filing but are related to financial statements and exhibits. The company, incorporated in Kentucky with its principal office in Louisville, is involved in racing and track operations.

Why It Matters

This filing indicates a significant new agreement for Churchill Downs Inc., which could impact its financial performance and operational strategies.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, suggesting potential significant changes or commitments for the company, but the lack of specific details warrants a medium risk assessment.

Key Numbers

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Churchill Downs Inc. on July 3, 2024?

The filing states that Churchill Downs Inc. entered into a material definitive agreement, but the specific terms and nature of this agreement are not detailed in the provided excerpt, only that it is related to financial statements and exhibits.

What is Churchill Downs Inc.'s primary business as indicated by its SIC code?

Churchill Downs Inc.'s Standard Industrial Classification (SIC) code is 7948, which corresponds to SERVICES-RACING, INCLUDING TRACK OPERATION.

Where is Churchill Downs Inc. incorporated and headquartered?

Churchill Downs Inc. is incorporated in Kentucky and its principal business address is located at 600 North Hurstbourne Parkway, Suite 400, Louisville, Kentucky, 40222.

What is the SEC file number for Churchill Downs Inc.?

The SEC file number for Churchill Downs Inc. is 001-33998.

What type of SEC filing is this document?

This document is a Form 8-K, which is a Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

From the Filing

0001193125-24-175054.txt : 20240703 0001193125-24-175054.hdr.sgml : 20240703 20240703161654 ACCESSION NUMBER: 0001193125-24-175054 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240703 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240703 DATE AS OF CHANGE: 20240703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Churchill Downs Inc CENTRAL INDEX KEY: 0000020212 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-RACING, INCLUDING TRACK OPERATION [7948] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 610156015 STATE OF INCORPORATION: KY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33998 FILM NUMBER: 241100345 BUSINESS ADDRESS: STREET 1: 600 N HURSTBOURNE PKWY STREET 2: STE 400 CITY: LOUISVILLE STATE: KY ZIP: 40222-5389 BUSINESS PHONE: 15023941166 MAIL ADDRESS: STREET 1: 600 N HURSTBOURNE PKWY STREET 2: STE 400 CITY: LOUISVILLE STATE: KY ZIP: 40222-5389 FORMER COMPANY: FORMER CONFORMED NAME: CHURCHILL DOWNS Inc DATE OF NAME CHANGE: 20160105 FORMER COMPANY: FORMER CONFORMED NAME: CHURCHILL DOWNS INC DATE OF NAME CHANGE: 19920703 8-K 1 d858296d8k.htm 8-K 8-K Churchill Downs Inc false 0000020212 0000020212 2024-07-03 2024-07-03     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): July 3, 2024     Churchill Downs Incorporated (Exact name of registrant as specified in its charter)       Kentucky   001-33998   61-0156015 (State or other jurisdiction of incorporation or organization)   (Commission File Number)   (I.R.S. Employer Identification No.)   600 North Hurstbourne Parkway , Suite 400     Louisville , Kentucky     40222 (Address of Principal Executive Offices)     (Zip Code) (502) - 636-4400 (Registrant’s telephone number, including area code) 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 l4a-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 each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, No Par Value   CHDN   The Nasdaq Global Select Market LLC 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 1.01 Entry into a Material Definitive Agreement. On July 3, 2024, Churchill Downs Incorporated (“CDI” or the “Company”) announced that CDI successfully closed an amendment of its senior secured credit agreement dated as of December 27, 2017 (as amended from time to time, the “Existing Credit Agree

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