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NYNY > SEC Filings for NYNY > Form 8-K on 6-Nov-2012All Recent SEC Filings

Show all filings for EMPIRE RESORTS INC



Entry into a Material Definitive Agreement, Submission of Matters to a Vote of

Item 1.01. Entry into a Material Definitive Agreement.

The option agreement (the "Option Agreement"), by and between Monticello Raceway Management, Inc. ("MRMI"), a wholly-owned subsidiary of Empire Resorts, Inc. (the "Company"), and EPT Concord II, LLC ("EPT" and, together with MRMI, the "Parties"), originally entered into on December 21, 2011, was further amended by a letter agreement between the Parties, dated October 31, 2012 (the "Letter Agreement"). Pursuant to the Option Agreement, EPT granted MRMI a sole and exclusive option to lease certain EPT property located in Sullivan County, New York (the "EPT Property") pursuant to the terms of a lease negotiated between the parties.

Pursuant to the Letter Agreement, MRMI and EPT agreed to extend the option exercise period from January 21, 2013 to February 20, 2013 (as the same may be further extended pursuant to the Option Agreement). In addition, the Parties agreed to extend the date by which they would enter into a master development agreement with respect to the EPT Property from November 1, 2012 to November 30, 2012. Except for these amendments, the Option Agreement remains unchanged and in full force and effect.

This summary description is qualified in its entirety by reference to the actual Letter Agreement, which is filed as 10.1 to this Form 8-K and is incorporated herein by reference.

Item 5.07. Submission of Matters to a Vote of Security Holders.

On November 6, 2012, the Company held its 2012 Annual Meeting of Stockholders (the "Meeting") in New York, New York for the purposes of electing six directors to serve on the Board of Directors of the Company for a one year term that expires at the 2013 annual meeting of stockholders or until their respective successors are elected and qualified or until their earlier resignation or removal.

Below are the voting results for the election of six Directors. All nominees were elected as Directors with the following vote:

                   Nominee                   For          Withheld

                   Emanuel R. Pearlman     19,315,094       109,807

                   Joseph A. D'Amato       19,315,417       109,484

                   Nancy A. Palumbo        19,319,245       105,656

                   Gregg Polle             19,314,156       110,745

                   James Simon             19,315,261       109,640

                   Au Fook Yew             19,305,018       119,883

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

10.1 Letter Agreement, dated as of October 31, 2012, by and between Monticello Raceway Management, Inc. and EPT Concord II, LLC.

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