---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-006898"
form_type: "8-K"
ticker: "CPHC"
cik: "0001672909"
company_name: "Canterbury Park Holding Corp"
filed_at: "2022-03-22T23:59:59+00:00"
generated_at: "2026-06-26T21:01:47.485924+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Canterbury Park raises CEO and CFO salaries 10% and 5%; adopts 2022 bonus plan and new severance agreements

## Summary
- CEO Randall Sampson base salary increased to $275,393 (+10%); CFO Randy Dehmer to $220,500 (+5%) for 2022.
- 2022 Annual Bonus Plan ties payouts 70% to adjusted income from operations and 30% to revenue; target bonus for CEO 35%, CFO 25% of salary.
- New severance agreements provide 6 months base salary and COBRA on non-CIC termination without cause; double-trigger CIC severance equals 100% of base salary + target bonus.
- Change-in-control provision includes full vesting of equity awards (excluding performance-based) immediately prior to CIC.
- Agreements require execution of general release and compliance with restrictive covenants; subject to 409A and excise tax adjustments.

## SEC filing metadata
- accession: 0001437749-22-006898
- form_type: 8-K
- ticker: CPHC
- cik: 0001672909
- company_name: Canterbury Park Holding Corp
- filed_at: 2022-03-22T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1672909/000143774922006898/0001437749-22-006898-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1672909/000143774922006898/cphc20220322_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-006898
- JSON: https://secwatch.observer/filing/0001437749-22-006898.json
- Plain text: https://secwatch.observer/filing/0001437749-22-006898.txt

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