Churchill Downs 8-K 2008
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): August 27, 2008
CHURCHILL DOWNS INCORPORATED
(Exact Name of Registrant as Specified in Its Charter)
700 Central Avenue, Louisville, Kentucky 40208
(Address of Principal Executive Offices) (Zip Code)
Registrants Telephone Number, Including Area Code: (502) 636-4400
(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 (see General Instruction A.2. below):
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 27, upon the recommendation of the Nominating and Governance Committee, the Board of Directors (the Board) of Churchill Downs Incorporated (the Company) voted, effective immediately, to elect James F. McDonald and R. Alex Rankin as Class II Directors of the Company, each to serve until the 2010 Annual Meeting of Shareholders of the Company. The Companys shareholders will be given an opportunity to vote to ratify the election of Messrs. McDonald and Rankin at the 2009 Annual Meeting of Shareholders. The election of Messrs. McDonald and Rankin took place following the amendment by the Board of the Amended and Restated Bylaws of the Company, which amendment increased the size of the Board from twelve to thirteen directors (see Item 5.03 below).
At the time of filing this Current Report, neither Mr. McDonald nor Mr. Rankin had been named to any committees of the Board.
A copy of the press release announcing the election of Messrs. McDonald and Rankin to the Board is attached hereto as Exhibit 99.1 and incorporated by reference herein.
On August 27, 2008, the Board voted to approve an amendment (the Bylaw Amendment) to Article III, Section 2 of the Amended and Restated Bylaws of the Company, effective immediately. The Bylaw Amendment (i) increased the size of the Board from twelve to thirteen directors and (ii) provided that the Board be comprised of four Class I Directors, five Class II Directors and four Class III Directors.
A copy of the Amended and Restated Bylaws of the Company, including the Bylaw Amendment, is attached hereto as Exhibit 3.1 and incorporated by reference herein.
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.