People: Speedway Motorsports Inc (TRK)

TRK on New York Consolidated

17.76USD
30 Jul 2014
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$0.32 (+1.83%)
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Summary

Name Age Since Current Position

O. Bruton Smith

87 1994 Chairman of the Board, Chief Executive Officer

Marcus Smith

40 2008 President, Chief Operating Officer, Director

William Brooks

64 2008 Vice Chairman of the Board, Chief Financial Officer, Treasurer

Edwin Clark

59 2004 President and General Manager of Atlanta Motor Speedway, LLC

William Gossage

55 2004 President of Texas Motor Speedway Inc.

Stephen Page

59 1996 President and General Manager of Sonoma

Russell Powell

54 2008 President of Las Vegas Motor Speedway, LLC

Jerry Caldwell

38 2010 Executive Vice President and General Manager of Bristol Motor Speedway, LLC

Jerry Gappens

52 2008 Executive Vice President and General Manager of New Hampshire Motor Speedway Inc.

Mark Simendinger

55 2011 Executive Vice President and General Manager of Kentucky Speedway

Robert Rewey

75 2001 Lead Independent Director

Mark Gambill

63 1995 Independent Director

James Holden

62 2004 Independent Director

Tom Smith

72 2001 Independent Director

Biographies

Name Description

O. Bruton Smith

Mr. O. Bruton Smith is Chairman of the Board, Chief Executive Officer of Speedway Motorsports Inc. Since 1975, Mr. Smith has served as the Chief Executive Officer and a board member of Charlotte Motor Speedway, LLC, a wholly-owned subsidiary of SMI, and its predecessor entities (“CMS”), which he originally founded in 1959. Regarding the Company’s subsidiaries, Mr. Smith has been the Chief Executive Officer of Atlanta Motor Speedway, LLC (“AMS”) since its acquisition in 1990, Texas Motor Speedway, Inc. (“TMS”) since its formation in 1995, Bristol Motor Speedway, LLC (“BMS”) since its acquisition in 1996, Speedway Sonoma, LLC (“Sonoma”) since its acquisition in 1996, Nevada Speedway, LLC d/b/a Las Vegas Motor Speedway (“LVMS”) since its acquisition in 1998, New Hampshire Motor Speedway, Inc. (“NHMS”) since its acquisition in January 2008 and Kentucky Raceway, LLC d/b/a Kentucky Speedway (“KyS”) since its acquisition in December 2008. In addition, Mr. Smith serves as the Chief Executive Officer and a director, or in a similar capacity, for many of SMI’s other subsidiaries. Mr. Smith also serves as the Chairman, Chief Executive Officer, a director and controlling stockholder of SAI. Mr. Smith also owns and operates Sonic Financial, a private business which owns a majority of the Common Stock, among other activities.

Marcus Smith

Mr. Marcus G. Smith is President, Chief Operating Officer, Director of Speedway Motorsports Inc. He became a director of SMI in 2004 and Chief Operating Officer and President of SMI in May 2008. Prior to that appointment, Mr. Smith served as Executive Vice President of National Sales and Marketing for SMI since 2004. Mr. Smith was also appointed President and General Manager of CMS in May 2008. Mr. Smith joined the Company in 1996 as a sales associate at CMS and was named Manager of New Business Development in 1999. Mr. Smith is the son of Mr. O. Bruton Smith. Mr. Smith grew up in the motorsports business, and successfully led one of the Company’s most important drivers of revenue, corporate sales and marketing. That experience led the Board to conclude that he is qualified to serve as a Board member.

William Brooks

Mr. William R. Brooks is Vice Chairman of the Board, Chief Financial Officer, Treasurer of Speedway Motorsports Inc. He has been Vice President, Treasurer, Chief Financial Officer and a director of SMI since its organization in 1994. In February 2004, Mr. Brooks became an Executive Vice President of SMI, and in May 2008 was promoted to Vice Chairman. Mr. Brooks joined Sonic Financial from PricewaterhouseCoopers LLP in 1983, currently is an officer of Sonic Financial, has served as Vice President of CMS since before the organization of SMI, and has been Vice President and a director of AMS since its acquisition and TMS since its formation. He has served as Vice President of BMS, LVMS, Sonoma, KyS and NHMS since their acquisitions. In addition, Mr. Brooks serves as an officer and a director, or in a similar capacity, for many of SMI’s other subsidiaries. Mr. Brooks also has served as a director of SAI since its formation in 1997. Mr. Brooks has been involved in the motorsports business since 1979 when he served on the PwC team that audited CMS. Mr. Brooks was the Company’s Chief Financial Officer when it went public in 1995. Mr. Brooks’ strong background in accounting and financial reporting, and detailed knowledge of the motorsports industry and SMI, led the Board to conclude that he is qualified to serve as a Board member. Mr. Brooks is standing for reelection as a director at the Annual Meeting.

Edwin Clark

Mr. Edwin R. Clark is President and General Manager of Atlanta Motor Speedway, LLC, a subsidiary of Speedway Motorsports Inc. He became Vice President and General Manager of AMS in 1992 and was promoted to President and General Manager of AMS in 1995.Prior to that appointment he served as Vice President and General Manager of AMS beginning in 1992 and he had been Vice President of Events at CMS from 1981 to 1992. Mr. Clark became Executive Vice President of SMI upon its organization in 1994 and was a director of SMI from 1995 to 2004.

William Gossage

Mr. William E. Gossage is President of Texas Motor Speedway Inc., a subsidiary of Speedway Motorsports Inc. He became Vice President and General Manager of TMS in 1995. Prior to that appointment, he was Vice President of Public Relations at CMS from 1989 to 1995. In February 2004, Mr. Gossage became President of TMS. Mr. Gossage previously worked with Miller Brewing Company in its motorsports public relations program and served in various public relations and managerial capacities at two other NASCAR-sanctioned speedways.

Stephen Page

Mr. Stephen Page is President and General Manager of Sonoma, a subsidiary of Speedway Motorsports Inc. He has served as President and General Manager of Sonoma since its acquisition in 1996. Prior to being hired by SMI, Mr. Page had served as President of Brenda Raceway Corporation, which owned and operated Sonoma before acquisition by the Company. Mr. Page also spent 11 years working for the Oakland A’s baseball franchise in various marketing positions.

Russell Powell

Mr. Russell Christopher Powell is President of Las Vegas Motor Speedway, LLC, a subsidiary of Speedway Motorsports Inc. Prior to that appointment he served as Vice President and General Manager beginning with its acquisition in 1998. Mr. Powell also serves as Vice President of several other SMI subsidiaries. Mr. Powell spent 11 years working for Sports Marketing Enterprises, a division of RJR Tobacco Company (“RJR”). From 1994 to 1998, he served as manager of media relations and publicity on RJR’s NASCAR Winston Cup program. Mr. Powell’s previous duties included publicity and event operations on other RJR initiatives, including NHRA Drag Racing and the Vantage and Nabisco golf sponsorships.

Jerry Caldwell

Mr. Jerry N. Caldwell is Executive Vice President and General Manager of Bristol Motor Speedway, LLC, a subsidiary of Speedway Motorsports Inc. Prior to that appointment, Mr. Caldwell spent 13 years working at BMS in various positions within the Corporate Sales and Marketing Department until his promotion to Vice President of that department in 2009. Mr. Caldwell served as interim General Manager of BMS from February 2010 until his appointment as Executive Vice President and General Manager.

Jerry Gappens

Mr. Jerry K. Gappens, Jr., is Executive Vice President and General Manager of New Hampshire Motor Speedway Inc., a subsidiary of Speedway Motorsports Inc. Prior to that appointment, Mr. Gappens spent 15 years working for CMS in various public relations, marketing and event capacities. He most recently served as Senior Vice President of Events and Marketing at CMS beginning in 2004. Mr. Gappens has more than 25 years of experience in the motorsports industry, working previously with National Speed Sport News, one of the top motorsports trade publications.

Mark Simendinger

Mr. Mark F. Simendinger is Executive Vice President and General Manager of Kentucky Speedway, a subsidiary of Speedway Motorsports Inc. Prior to that appointment he served as Vice President and General Manager of KyS beginning with its acquisition in 2008. He previously served as an executive officer for KyS under its prior ownership from its development in 2000 until its purchase by SMI in 2008. Prior to that, Mr. Simendinger was President of Turfway Park Race Course, a thoroughbred track in Florence, Kentucky, and President of Carroll Properties, a real estate development firm.

Robert Rewey

Mr. Robert L. Rewey is Lead Independent Director of Speedway Motorsports Inc. Mr. Rewey retired from Ford Motor Company (“Ford”) in 2001 after a distinguished 38-year career with Ford, most recently serving as Group Vice President of North American Operations & Global Consumer Services. Mr. Rewey managed numerous areas within Ford beginning in 1963, including serving as Vice President of Sales, Marketing and Customer Service. Mr. Rewey also serves on the boards of SAI, LoJack Corporation, Dealer Tire, LLC and Reading Group, LLC. During his tenure with Ford, Mr. Rewey also oversaw Ford’s motorsports operations. That experience, along with his other executive experience gained at Ford, led the Board to conclude that he is qualified to serve as a Board member.

Mark Gambill

Mr. Mark M. Gambill is Independent Director of Speedway Motorsports Inc. Mr. Gambill worked for Wheat First Securities from 1972, including serving as chairman of the underwriting committee, until it was sold to First Union Corporation in 1998. Mr. Gambill was President of Wheat First Butcher Singer at the time of sale. Mr. Gambill left First Union in 1999. Mr. Gambill has been Chairman of Cary Street Partners, a financial advisory and wealth management firm, since 2002. Mr. Gambill served as a member of the board of managers of MA from its formation through 2010. Mr. Gambill also serves as a director of New Market Corporation and Triangle Capital Corporation. Previously, Mr. Gambill served as a director for the Noland Company until its sale in 2005. Mr. Gambill was the lead investment banker in the Company’s initial public offering, and has excellent experience in the capital markets, attributes which led the Board to conclude that he is qualified to serve as a Board member.

James Holden

Mr. James P. Holden is Independent Director of Speedway Motorsports Inc. Mr. Holden retired in 2000 after completing 27 distinguished years in the auto industry, including 19 years with DaimlerChrysler and its predecessor Chrysler Corp. (“Chrysler”). Highlights of his career include being named President of DaimlerChrysler in 1999 and Chief Executive Officer in June 2000. Mr. Holden served in various positions during his career at Chrysler, including Executive Vice President of Sales and Marketing responsible for directing all of the automaker’s sales, fleet and marketing organizations in the United States, Mexico and Canada, including Mopar parts operations. In addition, he serves as a director of SiriusXM Radio, Inc. and Snap-on, Inc. Mr. Holden was a director of Motors Liquidation Company until its dissolution in December 2011. Formerly, Mr. Holden served as a director for Meridian Automotive Systems, Inc. Mr. Holden’s experience as an executive at a major automobile manufacturer, along with his diverse public company board experience, led the Board to conclude that he is qualified to serve as a Board member.

Tom Smith

Mr. Tom E. Smith is Independent Director of Speedway Motorsports Inc. Mr. Smith retired from Food Lion Stores, Inc. (“Food Lion”) in 1999, after a distinguished 29-year career with that company, which included serving as Chief Executive Officer and President. Mr. Smith currently serves as a director of Farmers and Merchants Bank, and served as a director of CT Communications, Inc. from 1999 until its acquisition by Windstream Communications in 2007. Mr. Smith’s experience as Chief Executive Officer of Food Lion, a major participant in sports marketing, along with his other experiences serving on public company boards, led the Board to conclude that he is qualified to serve as a Board member.

Basic Compensation

Options Compensation

Name Options Value

O. Bruton Smith

0 0

Marcus Smith

165,000 500,100

William Brooks

376,250 3,013,600

Edwin Clark

115,889 1,436,700

William Gossage

0 0

Stephen Page

0 0

Russell Powell

0 0

Jerry Caldwell

0 0

Jerry Gappens

0 0

Mark Simendinger

0 0

Robert Rewey

0 0

Mark Gambill

0 0

James Holden

0 0

Tom Smith

0 0
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