---
schema_version: "secwatch.filing_event.v1"
accession: "0000020212-23-000139"
form_type: "8-K"
ticker: "CHDN"
cik: "0000020212"
company_name: "Churchill Downs Inc"
filed_at: "2023-12-18T23:59:59+00:00"
generated_at: "2026-06-07T11:30:07.380525+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Churchill Downs repurchases 1M shares at $123.75 each from Duchossois affiliate

## Summary
- Repurchased 1,000,000 shares at $123.75/share, a 4.03% discount to prior close of $128.95.
- Aggregate purchase price of $123.75 million, funded from cash and credit facility.
- Transaction authorized by Board, separate from existing share repurchase program.
- Expected to close on January 2, 2024.

## SEC filing metadata
- accession: 0000020212-23-000139
- form_type: 8-K
- ticker: CHDN
- cik: 0000020212
- company_name: Churchill Downs Inc
- filed_at: 2023-12-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20212/000002021223000139/0000020212-23-000139-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20212/000002021223000139/chdn-20231218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000020212-23-000139
- JSON: https://secwatch.observer/filing/0000020212-23-000139.json
- Plain text: https://secwatch.observer/filing/0000020212-23-000139.txt

## Key facts
- Material Agreements
  Churchill Downs Inc entered into Stock Repurchase Agreement with an affiliate of The Duchossois Group, Inc. ("TDG") valued at $123.75 million (effective 2023-12-18).
  - Action: entry
  - Counterparty: an affiliate of The Duchossois Group, Inc. ("TDG")
  - Value: $123.75 million
  - Effective: 2023-12-18
  source text: On December 18, 2023, Churchill Downs Incorporated (the “Company”) entered into an agreement with an affiliate of The Duchossois Group, Inc. (“TDG”) to repurchase 1,000,000 shares of the Company’s common stock, no par value (the “Common Stock”), in a private transaction at a price per share equal to $123.75, representing a discount of 4.03% to the closing price on December 15, 2023 of $128.95, for an aggregate purchase price of $123.75 million (the “Stock Repurchase Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/20212/000002021223000139/0000020212-23-000139-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.