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): January 17,
2007
(Exact
name of registrant as specified in its charter)
|
Kentucky
|
0-1469
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61-0156015
|
|
(State
of incorporation)
|
(Commission
file number)
|
(IRS
Employer Identification No.)
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700
Central Avenue, Louisville, Kentucky 40208
(Address
of principal executive offices)
(Zip
Code)
(502)
636-4400
(Registrant's
telephone number, including area code)
Check
the
appropriate box below if the Form 8-K 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
240.14a-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))
|
Item
5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On
January 17, 2007, Michael E. Miller, Executive Vice President and Chief
Financial Officer of Churchill Downs Incorporated, voluntarily resigned his
position with the corporation, effective January 26, 2007, to pursue other
interests. A copy of the press release is attached as Exhibit 99.1 to this
Current Report on Form 8-K and is incorporated herein by reference.
Item
9.01. Financial Statements and Exhibits.
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(d)
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Exhibits
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99.1
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Press
Release issued by Churchill Downs Incorporated, dated January 18,
2007.
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SIGNATURE
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.
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CHURCHILL
DOWNS INCORPORATED
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|
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January
18, 2007
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/s/
Robert L. Evans
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Robert
L. Evans
President
& Chief Executive Officer
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FOR
IMMEDIATE RELEASE
Contact:
Julie Koenig Loignon
(502)
636-4502
juliek@kyderby.com
MIKE
MILLER TO LEAVE CFO POST AT CHURCHILL DOWNS INCORPORATED
Accepts
Offer To
to
Become Partner in Commercial Real Estate Development Firm
LOUISVILLE,
Ky. (Jan. 18,
2007) - Churchill
Downs Incorporated (NASDAQ: CHDN) (“CDI” or “Company”) today announced that
Michael E. Miller, who since December 2002 has served as the Company’s executive
vice president and chief financial officer, is leaving CDI to become chief
financial officer of Poe Companies, a commercial real estate development
company,
located
in Louisville, Ky. His final day with CDI will be Jan. 26.
Miller
joined CDI in January 2000 as senior vice president of finance, and was promoted
to chief financial officer two years later.
“Leaving
Churchill Downs Incorporated was not an easy decision for me because I’ve truly
enjoyed my time with the Company and am very proud of what we’ve accomplished
over the last seven years,” said Miller. “Being part of CDI’s management team
has been a tremendous experience, and I appreciate the opportunity I’ve had to
serve the Company and its shareholders. I now have another opportunity to work
with a growing company that will provide new challenges for me. I want to thank
Bob Evans and Tom Meeker for their leadership and support over the years, as
well as my team of employees for their hard work and dedication.”
CDI’s
President and Chief Executive Officer Bob Evans said, “We are disappointed to
see Mike go, even though the board of directors, management team and Mike’s
coworkers certainly understand his desire to take his career in a new direction.
Mike has been a great asset for us, having taken the lead on several strategic
projects - including key acquisitions and divestitures - that put CDI on solid
financial footing.
“Today,
Mike has a fantastic opportunity to help another local company identify a path
for growth. We are grateful to Mike for his significant contributions over
the
years and wish him the very best going forward.”
During
his tenure, Miller spearheaded the Company’s acquisition of Fair Grounds Race
Course in New Orleans as well as its sale of Hollywood Park, Ellis Park and
the
pending sale of Hoosier Park at Anderson. He also led efforts to secure public
financial support for the $121 million “Master Plan” renovation project to
modernize Churchill Downs racetrack. Over a seven-year period, Miller had
oversight of a variety of internal departments, including CDI’s accounting and
finance functions, corporate development, human resources and information
technology.
CDI
has
begun the process to identify Miller’s replacement.
Churchill
Downs Incorporated, headquartered in Louisville, Ky., owns and operates
world-renowned horse racing venues throughout the United States. CDI’s five
racetracks in Florida, Illinois, Indiana, Kentucky and Louisiana host many
of
North America’s most prestigious races, including the Kentucky Derby and
Kentucky Oaks, Arlington Million, Princess Rooney Handicap, Louisiana Derby
and
Indiana Derby. CDI racetracks have hosted seven Breeders’ Cup World
Championships. CDI also owns off-track betting facilities and has interests
in
various television production, telecommunications and racing services companies
that support CDI’s network of simulcasting and racing operations. CDI trades on
the NASDAQ Global Select Market under the symbol CHDN and can be found on the
Internet at www.churchilldownsincorporated.com.
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END
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