8-K

United States

Securities And Exchange Commission

Washington, D.C. 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 16, 2020

Dover Motorsports, Inc.

(Exact name of registrant as specified in its charter)

Commission File Number 1-11929

Delaware	51-0357525
(State or other jurisdiction of incorporation)	(IRS Employer Identification No.)

1131 N. DuPont Highway
Dover, Delaware	19901
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code (302) 883-6500

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Class	Trading Symbol(s)	Name of Exchange on Which Registered
Common Stock, $.10 Par Value	DVD	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 7.01   Regulation FD Disclosure and Item 1.01 Entry into a Material Definitive Agreement.

Our next NASCAR event weekend was scheduled for May 1 to May 3, 2020. NASCAR announced on March 16, 2020 that certain upcoming NASCAR events, including our May events, would be postponed due to concerns surrounding the coronavirus and in accordance with safety protocols recommended by the CDC.

NASCAR has stated that its goal is to complete a full slate of regular season races, however, details on a revised NASCAR schedule, and information concerning the potential rescheduling of our May events, and possible amendments to our sanction agreements with NASCAR are not yet available.

Attached to this filing is the press release issued by Dover International Speedway on March 17, 2020.

The press release contains or may contain forward-looking statements based on management's beliefs and assumptions. Such statements are subject to various risks and uncertainties which could cause results to vary materially. Please refer to the Company's SEC filings for a discussion of such factors.

Item 9.01   Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release dated March 17, 2020

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, we have duly caused this report to be signed on our behalf by the undersigned hereunto duly authorized.

Dover Motorsports, Inc.

/s/ Denis McGlynn

Denis McGlynn

President and Chief Executive Officer

Dated: March 17, 2020

EX-99.1

Exhibit 99.1

 

Contact:

Michael Lewis – Manager of Communications

Dover International Speedway

mlewis@doverspeedway.com

PRESS RELEASE:

Dover International Speedway’s May 1-3 NASCAR tripleheader weekend postponed

DOVER, Del. (March 16, 2020) – NASCAR announced Monday that Dover International Speedway’s May 1-3 NASCAR tripleheader weekend has been postponed to a future date due to the coronavirus (COVID-19) outbreak.

“The health and safety of our fans, industry and the communities in which we race is our most important priority, so in accordance with recent CDC guidance, NASCAR is currently postponing all race events through May 3, with plans to return racing in Martinsville,” NASCAR said in a statement.

“We appreciate the patience of our fans and we look forward to returning to the racetrack. We intend to hold all 36 races this season, with future rescheduling soon to be determined as we continue to monitor this situation closely with public health officials and medical experts. What is important now transcends the world of sports and our focus is on everyone’s safety and well-being as we navigate this challenging time together.”

Speedway officials are in ongoing talks with NASCAR on the potential makeup dates for the three weekend races, including the NASCAR Cup Series race on Sunday, May 3, the NASCAR Xfinity Series Dash 4 Cash race on Saturday, May 2 and the NASCAR Gander RV & Outdoors Truck Series race on Friday, May 1.

“We fully support the decision NASCAR has made for our track and the industry,” said Mike Tatoian, president and CEO of Dover International Speedway. “We share in the disappointment for our fans that were planning their trip to the Monster Mile in May, but this decision is in the best interest of everyone. We are experiencing an unprecedented time together and the health and safety of our fans has always been our priority.”

Fans are encouraged to visit DoverSpeedway.com for updates on ticket policies regarding the postponed weekend.

Dover’s Aug. 21-23 NASCAR tripleheader weekend, including the “Drydene 400” NASCAR Cup Series race on Sunday, Aug. 23, the NASCAR Xfinity Series race on Saturday, Aug. 22, and the “General Tire 125” ARCA Menards Series East race on Friday, Aug. 21, remains on as scheduled.

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About Dover Motorsports, Inc.

Dover Motorsports, Inc. (NYSE: DVD) is a leading promoter of NASCAR sanctioned motorsports events whose subsidiaries own and operate Dover International Speedway in Dover, Del. and Nashville Superspeedway near Nashville, Tenn. The company also plays host to the Firefly Music Festival, produced by AEG Presents. For more information, visit www.DoverMotorsports.com.