0001104659-16-159096.txt : 20161125 0001104659-16-159096.hdr.sgml : 20161125 20161125161630 ACCESSION NUMBER: 0001104659-16-159096 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20161121 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20161125 DATE AS OF CHANGE: 20161125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DOVER DOWNS GAMING & ENTERTAINMENT INC CENTRAL INDEX KEY: 0001162556 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] IRS NUMBER: 510414140 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16791 FILM NUMBER: 162018340 BUSINESS ADDRESS: STREET 1: 1131 N DUPONT HWY CITY: DOVER STATE: DE ZIP: 19901 BUSINESS PHONE: 3026744600 MAIL ADDRESS: STREET 1: P O BOX 843 CITY: DOVER STATE: DE ZIP: 19903 8-K 1 a16-22104_18k.htm 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):  November 21, 2016

 

Dover Downs Gaming & Entertainment, Inc.

(Exact name of registrant as specified in its charter)

 

Commission File Number 1-16791

 

Delaware

 

51-0414140

(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) 674-4600

 

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:

 

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

 

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

 

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

 

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

 

 

 


 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On November 21, 2016, the Company’s Compensation and Stock Incentive Committee awarded discretionary incentives to its named executive officers as follows:

 

Denis McGlynn

 

$

135,000

 

Edward J. Sutor

 

$

80,000

 

Timothy R. Horne

 

$

35,000

 

Klaus M. Belohoubek

 

$

25,000

 

 

These cash incentives were discretionary payments and not based on any plan or formula.

 

The Committee also determined that there would be no salary changes for named executive officers for fiscal year 2017.

 

The Company previously discontinued the practice of allowing for formula based incentives. Salaries for named executives have not changed materially since 2008 and there have been no cash incentives paid since 2007.

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Dover Downs Gaming & Entertainment, Inc.

 

 

 

 

 

/s/ Denis McGlynn

 

Denis McGlynn

 

President and Chief Executive Officer

 

Dated: November 25, 2016

 

2