secwatch.observer — SEC 8-K summary
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Issuer:     Canterbury Park Holding Corp (CPHC)
CIK:        0001672909
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001437749-24-007801
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 and CFO 2024 base salaries, adopts annual bonus plan
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- CEO Randall Sampson's base salary increased 4% to $327,652; CFO Randy Dehmer's up 3.5% to $261,081.
- 2024 bonus plan uses two performance goals: adjusted income from operations (70%) and revenue (30%).
- CEO target bonus 45% of salary; CFO target bonus 35% of salary; max payout 150% of target.
- No payout if minimum performance thresholds are not met for both metrics.
- Plan awards cash incentive awards to eligible employees including named executive officers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1672909/000143774924007801/0001437749-24-007801-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1672909/000143774924007801/cphc20240314_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-007801

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