Drive Shack Inc. (NYSE:DS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 11, 2017, Kenneth M. Riis retired from the board of directors of Drive Shack Inc. (the “Company”), effective immediately. Mr. Riis did not serve on any committees of the Company’s board of directors. Mr. Riis’s resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. The Company’s board of directors thanks Mr. Riis for his exemplary dedication to the Company and its stockholders.
About Drive Shack Inc. (NYSE:DS)
Drive Shack Inc., formerly Newcastle Investment Corp., is a leisure company. The Company previously operated as a real estate investment trust (REIT). The Company is an owner and operator of golf-related leisure and entertainment businesses. The Company’s portfolio consists of Drive Shack, which is engaged in developing nationwide network of golf entertainment venues; American Golf Corporation, which is a golf course company, and real estate-related assets. American Golf Corporation operates approximately 90 private, resort and public golf courses throughout the United States. It has a range of public and private golf courses in California, New York, and Georgia. It operates multiple facilities that provide golf, tennis, swimming and spa facilities, among others. Its online Pro Shop offers a range of golf gifts, such as personalized golf balls, golf luggage and accessories. Its public golf courses equipped with practice areas, golf shops, driving ranges, and food and beverage options.