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 Officers

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 Officers
Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On April 8, 2019, Canterbury Park Holding Corporation (the “Company”) announced that its Chief Financial Officer and Senior Vice President of Finance Robert M. Wolf was resigning as an officer and employee of the Company to take a position with another company. The Company expects his last day of employment will be April 19, 2019.

Effective April 22, 2019, Randall D. Sampson, the Company’s Chief Executive Officer and President, will become the Company’s acting principal financial officer and principal accounting officer until the Company names a successor. In addition to serving as the Company’s Chief Executive Officer and President, Mr. Sampson also served as the Company’s principal financial officer and principal accounting officer from 1994 until 2001, and from December 2016 until August 2017. As disclosed in the Company’s Proxy Statement for its 2017 Annual Meeting of Shareholders, after graduating from college with a degree in accounting, Mr. Sampson worked for five years in the audit department of Deloitte & Touche where he earned his CPA certification. He subsequently gained experience as a controller of a private company and, thereafter, served as Chief Financial Officer of a public company before becoming one of the co-founders of Canterbury Park Holding Corporation in 1994. Mr. Sampson will not receive any additional compensation for assuming the duties of principal financial officer and principal accounting officer.