Dover Downs GamingInc. (NYSE:DDE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On November21, 2016, the Companys Compensation and Stock
Incentive Committee awarded discretionary incentives to its named
executive officers as follows:
|
Denis McGlynn |
$ |
135,000 |
|
Edward J. Sutor |
$ |
80,000 |
|
Timothy R. Horne |
$ |
35,000 |
|
Klaus M. Belohoubek |
$ |
25,000 |
These cash incentives were discretionary payments and not based
on any plan or formula.
The Committee also determined that there would be no salary
changes for named executive officers for fiscal year 2017.
The Company previously discontinued the practice of allowing for
formula based incentives. Salaries for named executives have not
changed materially since 2008 and there have been no cash
incentives paid since 2007.
About Dover Downs Gaming & Entertainment, Inc. (NYSE:DDE)
Dover Downs Gaming & Entertainment, Inc. is a holding company. The Company, through its subsidiaries, operates gaming and entertainment resort destination. The Company operates through its gaming and entertainment segment. Its operations consist of Dover Downs Casino, Dover Downs Hotel and Conference Center and Dover Downs Raceway. Dover Downs Casino features table games, including craps, roulette and card games, such as blackjack, Spanish 21, baccarat, slot machine offerings, multi-player electronic table games, a poker room, a Race and Sports Book operation, the Festival Buffet, Doc Magrogan’s Oyster House, Frankie’s Italian restaurant, as well as various bars, restaurants and over four retail outlets. Dover Downs Hotel and Conference Center is approximately 500-room AAA Four Diamond hotel with a dining restaurant, conference, banquet, ballroom and concert hall facilities. Dover Downs Raceway is a harness racing track with pari-mutuel wagering on live and simulcast horse races. Dover Downs Gaming & Entertainment, Inc. (NYSE:DDE) Recent Trading Information
Dover Downs Gaming & Entertainment, Inc. (NYSE:DDE) closed its last trading session up +0.01 at 1.06 with 18,375 shares trading hands.
