|
||||||||||||||||||||||||||
| SEC Info℠ | | | Home | | | Search | | | My Interests | | | Help | | | Sign In | | | Please Sign In | |||||||
|
||||||||||||||||||||||||||
As Of Filer Filing For·On·As Docs:Size Issuer Agent 2/03/06 International Speedway Corp 8-K:1 1/31/06 1:12K Padgett Glenn R Esq |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 14K
| Form 8-K |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): January 31, 2006
INTERNATIONAL SPEEDWAY CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Florida |
59-0709342 |
|||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
1801 West International Speedway Boulevard, Daytona Beach, Florida |
32114 |
|
(Address of Principal Executive Offices) |
(Zip
Code) |
(386) 254-2700
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(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 240.14-12) |
| [] | 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)) |
Section 1 - Registrant's Business and Operations
Item 1.01 Entry Into a Material Definitive Agreement.
On January 31, 2006, Pennsylvania International Raceway, Inc., an indirect wholly-owned subsidiary of the Registrant, entered into an agreement with NZSW, LLC for the sale of 158 acres on which Nazareth Speedway is located for approximately $19 million. Nazareth Speedway suspended major motorsports event operations after the completion of the track’s 2004 events and its results of operations are presented as discontinued operations in the Registrant's consolidated financial statements. Closing of the transaction is expected no later than November 30, 2006, and is contingent upon, among other items, the purchaser's right to terminate the agreement during the
due diligence period. Upon closing the transaction, ISC expects to record an after-tax gain from discontinued operations of approximately $6 to $7 million, or $0.11 to $0.13 per diluted share.
- 1 -
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.
| INTERNATIONAL SPEEDWAY CORPORATION | ||||
| (Registrant) | ||||
| Date: February 3, 2006 | By: | /s/ Glenn R. Padgett |
||
| Glenn R. Padgett | ||||
| Vice President, Chief Counsel - Operations | ||||
- 2 -
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 11/30/06 | 10-K | |||
| Filed on: | 2/3/06 | |||
| For Period End: | 1/31/06 | |||
| List all Filings | ||||