International Speedway Corporation Announces an Increase in Its Annual Dividend and Management Promotion
13 4월 2017 - 10:00PM
International Speedway Corporation (NASDAQ:ISCA)
(OTCBB:ISCB)
(“ISC”) announced an increase in
its annual dividend, the promotion of one member of its executive
management team, and the re-election of four members to the
Company’s Board of Directors.
ISC declared an annual dividend of $0.43 per share, payable on
June 30, 2017, to common stockholders of record on May 31,
2017. The annual dividend for 2017 is an increase of
approximately 4.9% over the annual dividend paid in 2016 of $0.41
per share, the 12th consecutive increase in its annual dividend
paid to shareholders.
The Company also announced that Greg Motto has been named Senior
Vice President, CFO and Treasurer. Motto recently succeeded
Dan Houser becoming ISC’s Vice President, CFO and Treasurer
effective December 1, 2016.
“Greg deserves this recognition for his incredible talent and
proven ability to lead and execute at the highest level,” stated
ISC CEO Lesa France Kennedy. “His acute financial insight
helps drive our continued growth and development.”
Motto, age 44, has been with ISC since 2000 serving in a number
of roles of increasing responsibility within the finance and
accounting functions including Vice President, Finance and
Accounting and Controller, Financial Analyst, Assistant Controller
and Director of Strategic Planning. He was promoted to Vice
President in April 2015 and has served as Controller for the
Company since 2008, with direct responsibility over accounting
operations, financial reporting, internal controls and integrated
financial planning.
Separately, at the annual meeting of ISC shareholders, the
following members of the Company’s Board of Directors were
re-elected to a three-year term: James C. France (Chairman); Brian
Z. France; Larree M. Renda; and Larry D. Woodard.
ABOUT ISC
International Speedway Corporation is a leading promoter of
motorsports activities, currently promoting more than 100 racing
events annually as well as numerous other motorsports-related
activities. The Company owns and/or operates 13 of the
nation’s major motorsports entertainment facilities, including
Daytona International Speedway® in Florida (home of the DAYTONA
500®); Talladega Superspeedway® in Alabama; Michigan International
Speedway® located outside Detroit; Richmond International Raceway®
in Virginia; Auto Club Speedway of Southern CaliforniaSM near Los
Angeles; Kansas Speedway® in Kansas City, Kansas; Phoenix
International Raceway® in Arizona; Chicagoland Speedway® and Route
66 RacewaySM near Chicago, Illinois; Homestead-Miami
SpeedwaySM in Florida; Martinsville Speedway® in Virginia;
Darlington Raceway® in South Carolina; and Watkins Glen
International® in New York.
The Company also owns and operates Motor Racing NetworkSM, the
nation's largest independent sports radio network and Americrown
Service CorporationSM, a subsidiary that provides catering
services, and food and beverage concessions. In addition, the
Company owns ONE DAYTONA, the retail, dining and entertainment
development across from Daytona International Speedway, and has a
50 percent interest in the Hollywood Casino at Kansas
Speedway. For more information, visit the Company's Web site
at www.internationalspeedwaycorporation.com.
Statements made in this release that express the Company's or
management's beliefs or expectations and which are not historical
facts or which are applied prospectively are forward-looking
statements. It is important to note that the Company's actual
results could differ materially from those contained in or implied
by such forward-looking statements. The Company's results could be
impacted by risk factors, including, but not limited to, weather
surrounding racing events, government regulations, economic
conditions, consumer and corporate spending, military actions, air
travel and national or local catastrophic events. Additional
information concerning factors that could cause actual results to
differ materially from those in the forward-looking statements is
contained from time to time in the Company's SEC filings including,
but not limited to, the 10-K and subsequent 10-Qs. Copies of those
filings are available from the Company and the SEC. The Company
undertakes no obligation to release publicly any revisions to these
forward-looking statements that may be needed to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. The inclusion of any statement in this
release does not constitute an admission by International Speedway
or any other person that the events or circumstances described in
such statement are material.
CONTACT:
Investor Relations
(386) 681-6516
International Speedway (NASDAQ:ISCA)
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