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Last $25.25 USD
Change Today -0.21 / -0.82%
Volume 55.1K
TRK On Other Exchanges
New York
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

speedway motorsports inc (TRK) Snapshot

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Day High
Day Low
52 Week High
04/16/15 - $25.47
52 Week Low
10/7/14 - $16.45
Market Cap
Average Volume 10 Days
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speedway motorsports inc (TRK) Details

Speedway Motorsports, Inc., through its subsidiaries, promotes, markets, and sponsors motorsports activities in the United States. The company owns and operates eight racing facilities, including Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Kentucky Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, Sonoma Raceway, and Texas Motor Speedway racing facilities. As of December 31, 2014, its racing facilities included total seating capacity of approximately 808,000 with 763 luxury suites. The company also provides event and non-event souvenir merchandising and distribution services; food, beverage, and hospitality catering services; and radio programming, production, and distribution services. In addition, it manufactures and distributes modified racing cars and parts; produces and sells environmentally-friendly micro-lubricant; distributes wholesale and retail motorsports and other sports-related souvenir merchandise and apparel; leases oil and gas mineral rights; and rents warehouse, industrial park, and office space, as well as tracks for motorsports and non-motorsports events and activities, and driving schools. Speedway Motorsports, Inc. was founded in 1959 and is based in Concord, North Carolina.

839 Employees
Last Reported Date: 03/6/15
Founded in 1959

speedway motorsports inc (TRK) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $550.0K
Executive Chairman
Total Annual Compensation: $600.0K
Vice Chairman, Chief Financial Officer, Princ...
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2014.

speedway motorsports inc (TRK) Key Developments

Speedway Motorsports, Inc. Declares Quarterly Cash Dividend Payable on June 5, 2015

Speedway Motorsports Inc. on April 15, 2015 declared a quarterly cash dividend of 15 cents per share of common stock. The quarterly dividend will be payable on June 5, 2015 to shareholders of record at the close of business on May 15, 2015.

Speedway Motorsports Inc., Annual General Meeting, Apr 15, 2015

Speedway Motorsports Inc., Annual General Meeting, Apr 15, 2015., at 10:00 US Eastern Standard Time. Location: Smith Tower located at Charlotte Motor Speedway. Agenda: To elect Mr. Marcus G. Smith and Mr. Tom E. Smith as members of board of directors, each for a term of three years; to ratify the selection by the audit committee of PricewaterhouseCoopers LLP as principal independent registered public accounting firm for the year ending December 31, 2015; and to transact such other business as may properly come before the annual meeting.

Speedway Motorsports Inc. Completes Redemption of its 6/4% Senior Notes Due 2019

On March 13, 2015, Speedway Motorsports Inc. completed its previously announced redemption of its 6 /4% Senior Notes due 2019 (the Senior Notes"), of which $250,000,000 in aggregate principal amount was outstanding. The redemption date for the Senior Notes was March 13, 2015 (the Redemption Date") pursuant to notice delivered by the Trustee on the company's behalf on January 27, 2015. The Senior Notes were issued pursuant to the Indenture dated as of February 3, 2011, by and among the company, the Guarantors named therein and U.S. Bank National Association, as Trustee. The redemption price was 103.375% of the principal amount of the Senior Notes, plus accrued and unpaid interest thereon up to the Redemption Date, or an aggregate of $258,437,500. After the Redemption Date, interest on the Senior Notes ceased to accrue and all rights of the holders of the Senior Notes ceased, except for the right to receive the redemption price and accrued and unpaid interest to the Redemption Date. The company funded the redemption amount using proceeds from the Company's issuance and sale of $200,000,000 in aggregate principal amount of 5.125% Senior Notes due 2023, drawing the $50,000,000 delayed draw term loan pursuant to the Amended and Restated Credit Agreement dated as of December 29, 2014, by and among the Company, Speedway Funding, LLC, a Delaware limited liability company, the guarantors named therein, Bank of America, N.A., as administrative agent, and the several lenders named therein.


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