|
Quotes & Info
|
| DVD > SEC Filings for DVD > Form 8-K on 2-Nov-2009 | All Recent SEC Filings |
2-Nov-2009
Results of Operations and Financial Condition, Costs Associated with Exit o
Item 7.01 Regulation FD Disclosure.
The following information is furnished pursuant to Item 2.02 Results of Operations and Financial Condition and Item 7.01 Regulation FD Disclosure.
On November 2, 2009, we issued a press release announcing our financial results for the third quarter ended September 30, 2009. A copy of our press release is attached hereto as Exhibit 99.1 and hereby incorporated by reference.
On October 30, 2009, we issued a press release announcing the closing of our Memphis Motorsports Park facility. As previously announced, the Memphis facility had been under an agreement of sale to Gulf Coast Entertainment but Gulf Coast was unable to secure financing. NASCAR has approved the realignment of our NASCAR Camping World Truck Series and NASCAR Nationwide Series events from Memphis Motorsports Park to our Nashville and Gateway facilities. A copy of our press release is attached hereto as Exhibit 99.2 and hereby incorporated by reference.
We expect to incur approximately $250,000 of costs to close the Memphis facility, primarily consisting of one-time termination benefits. We will provide additional financial details as we are able to estimate those amounts.
(d) Exhibits
99.1 Press Release dated November 2, 2009
99.2 Press Release dated October 30, 2009
99.3 Reconciliation of Operating Earnings to Adjusted EBITDA
|
|