International Speedway Corporation (NASDAQ:ISCA) (OTCBB:ISCB) (“ISC”) announced an increase in its annual dividend, the promotion of one member of its executive management team, and the re-election of four members to the Company’s Board of Directors.
ISC declared an annual dividend of $0.43 per share, payable on June 30, 2017, to common stockholders of record on May 31, 2017. The annual dividend for 2017 is an increase of approximately 4.9% over the annual dividend paid in 2016 of $0.41 per share, the 12th consecutive increase in its annual dividend paid to shareholders.
The Company also announced that Greg Motto has been named Senior Vice President, CFO and Treasurer. Motto recently succeeded Dan Houser becoming ISC’s Vice President, CFO and Treasurer effective December 1, 2016.
“Greg deserves this recognition for his incredible talent and proven ability to lead and execute at the highest level,” stated ISC CEO Lesa France Kennedy. “His acute financial insight helps drive our continued growth and development.”
Motto, age 44, has been with ISC since 2000 serving in a number of roles of increasing responsibility within the finance and accounting functions including Vice President, Finance and Accounting and Controller, Financial Analyst, Assistant Controller and Director of Strategic Planning. He was promoted to Vice President in April 2015 and has served as Controller for the Company since 2008, with direct responsibility over accounting operations, financial reporting, internal controls and integrated financial planning.
Separately, at the annual meeting of ISC shareholders, the following members of the Company’s Board of Directors were re-elected to a three-year term: James C. France (Chairman); Brian Z. France; Larree M. Renda; and Larry D. Woodard.
ISC PR
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