secwatch.observer — SEC 8-K summary
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Issuer:     Canterbury Park Holding Corp (CPHC)
CIK:        0001672909
Form:       8-K
Filed at:   2023-03-21T23:59:59+00:00
Accession:  0001437749-23-007369
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Canterbury Park raises CEO base salary 4% to $315,050, CFO to $252,252, adopts 2023 bonus plan with AIFO/revenue goals.
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- CEO Randall Sampson annual base salary increased 4% to $315,050 for 2023.
- CFO Randy Dehmer annual base salary increased 4% to $252,252 for 2023.
- 2023 bonus plan weighted 70% on adjusted income from operations and 30% on revenue; max payout 150% of target.
- Target bonus as % of salary: CEO 45%, CFO 35%; no payout if minimum performance not met.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1672909/000143774923007369/0001437749-23-007369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1672909/000143774923007369/cphc20230321_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-007369

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer