CANTERBURY PARK HOLDING CORPORATION (NASDAQ:CPHC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
On March 13, 2017, Canterbury Park Holding Corporation (the “Company”) appointed Robert M. Wolf as Vice-President – Finance and principal accounting officer. Mr. Wolf, age 48, brings almost 25 years of financial, administrative and public accounting experience to the Company.
During the period from July 2014 through October 2016, Mr. Wolf served in a number of positions with Rimage Corporation when it was owned by Equus Holdings, an Employee Stock Ownership Plan and Trust. He served Rimage as Chief Financial Officer from July 2014 to October 2016 and also served as General Manager, Sales and Services, for the Americas from December 2015 to October 2016. During the period from February 2013 through February 2017, when not employed at Rimage, Mr. Wolf provided consulting and accounting services to businesses on a contract basis.
Mr. Wolf also served as Chief Financial Officer for MGC Diagnostics Corporation (formerly Angeion) from May 2011 to February 2013 and served the Chief Financial Officer of Rimage Corporation from 2003 to 2010. Mr. Wolf also holds an CPA (Inactive) certification. Mr. Wolf has an MBA degree from the University of Saint Thomas in St. Paul, Minnesota and a Bachelor’s Degree in accounting from the University of Minnesota-Duluth.
Mr. Wolf will receive a base salary of $160,000 a year and is eligible to participate in the Company’s annual short-term incentive bonus plan and long-term incentive stock plan, with a bonus opportunity of up to 15% of his base salary in each plan.
Randall D. Sampson will continue to serve as the Company’s principal executive officer and principal financial officer,
About CANTERBURY PARK HOLDING CORPORATION (NASDAQ:CPHC)
Canterbury Park Holding Corporation conducts pari-mutuel wagering operations and hosts unbanked card games at its Canterbury Park Racetrack and Card Casino facility in Shakopee, Minnesota. The Company’s pari-mutuel wagering operations include both wagering on thoroughbred and quarter horse races during live meets at the Racetrack and year-round wagering on races held at out-of-state racetracks that are televised simultaneously at the Racetrack. The Company operates through three segments: horse racing, Card Casino, and food and beverage. The Company’s horse racing segment represents operations related to pari-mutuel wagering on simulcast and live horse races. The Card Casino segment represents the Company’s unbanked card operations. The Company’s food and beverage segment includes both concessions and catering and events services provided at the Racetrack. The Card Casino offers tableside menu service around the clock. CANTERBURY PARK HOLDING CORPORATION (NASDAQ:CPHC) Recent Trading Information
CANTERBURY PARK HOLDING CORPORATION (NASDAQ:CPHC) closed its last trading session 00.00 at 10.30 with 456 shares trading hands.