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 8, 2020

 

Dover Motorsports, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware 001-11929 51-0357525
(State or other jurisdiction of
incorporation)
Commission File Number (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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Class  Trading Symbol(s)  Name of Exchange on Which Registered
Common Stock, $.10 Par Value  DVD  New York Stock Exchange

 

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 7.01 Regulation FD Disclosure

 

As previously announced by NASCAR, our event weekend scheduled for May 1 to May 3, 2020 in Dover was postponed due to concerns surrounding the COVID-19 pandemic. On July 8, 2020, NASCAR announced that these postponed events would be run from August 21 to August 23, 2020, in addition to our NASCAR events already scheduled for that weekend.

 

We will remain in consultation with local, state and federal health officials, as well as Delaware Governor John Carney, regarding whether fans will be allowed to attend the events. While no decisions have been made to date, fan attendance will, at a minimum, be limited in order to adhere to appropriate social distancing guidelines.

 

Attached to this filing is the press release issued by Dover International Speedway on July 8, 2020.

 

The press 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.

 

Item 9.01 Financial Statements and Exhibits

 

(d)Exhibits

 

99.1 Press release dated July 8, 2020 (furnished pursuant to Item 7.01).

 

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.

 

 

  Dover Motorsports, Inc.
   
  /s/ Denis McGlynn
  Denis McGlynn
  President and Chief Executive Officer

 

Dated: July 8, 2020

 

 

 

Exhibit 99.1

 

 

PRESS RELEASE

 

Contact: Michael Lewis

Manager of Communications

Dover International Speedway

mlewis@dovermotorsports.com

 

Dover International Speedway to host NASCAR Cup Series doubleheader
as part of unprecedented six races in three days on Aug. 21-23

 

DOVER, Del. (July 8, 2020) – NASCAR announced today that Dover International Speedway will host 311-mile NASCAR Cup Series races on back-to-back days on Saturday, Aug. 22 and Sunday, Aug. 23 as part of an unprecedented weekend of racing at the world’s fastest one-mile oval.

 

The “Drydene 311” NASCAR Cup Series race remains on its original Sunday, Aug. 23 date (4 p.m., NBCSN), while the May 3 NASCAR Cup Series race – postponed due to the coronavirus (COVID-19) pandemic – now moves to Saturday, Aug. 22 (4 p.m., NBCSN). Each day also includes a 200-mile NASCAR Xfinity Series race, including the postponed event from Saturday, May 2. The Saturday, Aug. 22 Xfinity Series race will start at 12:30 p.m. (NBCSN) while the Sunday, Aug. 23 event will begin at 1 p.m. (NBCSN).

 

Friday, Aug. 21 is the new date for the postponed NASCAR Gander RV & Outdoors Truck Series race (5 p.m., FS1). The “General Tire 125” ARCA Menards Series East race is also scheduled for Friday, Aug. 21 at 2 p.m.

 

It is believed to be the first time in NASCAR history that one track will host six points-paying events across one weekend of racing.

 

Speedway officials remain in consultation with local, state and federal health officials, as well as Delaware Gov. John Carney, on whether fans will be allowed in the stands with appropriate social distancing for the August events. New fan procedures would include distancing in grandstands and concession lines, enhanced cleaning in high-traffic areas, added hand sanitizer stations and infield access limited to race team and track personnel only.

 

Fans can call (800) 441-RACE to speak with a ticket office representative to review their accounts and options.

 

“Six races, three days and one hungry Miles the Monster. We are certainly looking forward to a historic weekend here in Dover,” said Mike Tatoian, Dover International Speedway’s president and CEO. “We appreciate the cooperation we’ve received from not only NASCAR and our network partners but also from state and community leaders in preparation for these events. As we continue to collaborate with all of the stakeholders, public safety remains our top priority. We will continue to monitor the situation and plan for best health practices for all involved as we get closer to our race weekend.”

 

Follow Speedway news and updates, including on potential fan attendance in August, on DoverSpeedway.com and keep track of the latest announcements via social media at Facebook.com/DoverInternationalSpeedway, or on Twitter and Instagram at @MonsterMile.

 

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About Dover Motorsports, Inc.

 

Dover Motorsports, Inc. (NYSE: DVD) is a promoter of NASCAR sanctioned motorsports events whose subsidiaries own and operate Dover International Speedway in Dover, Del. and Nashville Superspeedway near Nashville, Tenn. The company also plays host to the Firefly Music Festival, produced by AEG Presents. For more information, visit www.DoverMotorsports.com.