Canterbury Park Holding Corporation filings document governance, executive compensation, shareholder voting matters, and material-event disclosures for the Nasdaq-listed operator of Canterbury Park Racetrack and Casino. Proxy materials cover director and executive pay disclosures, equity awards, pay-versus-performance information, annual meeting proposals, and advisory votes on executive compensation.
Form 8-K reports address officer compensation arrangements, annual incentive-plan goals, securities registered under Section 12(b), and amendments to annual meeting voting disclosures. The filings also identify the company's common stock structure and formal board and committee actions tied to compensation and governance.
Canterbury Park Holding Corporation reported Q1 2026 net revenues of $13.5M, up 2.8% from Q1 2025, driven mainly by higher food and beverage and other event-related revenues, while Casino revenue was roughly flat and pari-mutuel revenue declined modestly.
The company generated net income of $0.17M versus a loss of $0.30M a year earlier, with basic and diluted EPS of $0.03 compared to $(0.06). Adjusted EBITDA increased to $2.85M from $2.10M, reflecting stronger operating performance.
Canterbury ended the quarter with $16.4M in cash, cash equivalents, and restricted cash and no borrowings on its $5.0M revolving line of credit. The balance sheet shows total assets of $113.5M, including a TIF receivable of about $20.3M and $5.2M in equity investments tied to real estate joint ventures that continue to generate accounting losses but lower than in the prior year.
Canterbury Park Holding Corporation will hold its Annual Meeting of Shareholders on June 4, 2026, with shareholders of record on April 9, 2026 entitled to vote. As of that date, there were 5,150,334 shares of common stock outstanding.
Shareholders will vote on electing seven directors, ratifying Wipfli LLP as independent auditor for 2026, and approving an amendment to the Company’s Stock Plan to increase the total shares available from 1,650,000 to 1,850,000. The proxy also details board structure, committee responsibilities, executive and director compensation, ownership by major holders and insiders, and the process for future shareholder proposals and nominations.
Canterbury Park Holding Corporation updated executive compensation for 2026. The Board approved a 3% increase in President and CEO Randall D. Sampson’s annual base salary to $347,606 and a 2.5% increase in CFO Randy J. Dehmer’s salary to $280,988, effective March 29, 2026.
The company also set 2026 performance goals under its Annual Incentive Plan and granted cash incentive opportunities. Bonuses will depend on 2026 adjusted income from operations (70% weight) and consolidated revenue (30% weight), with payouts capped at 150% of target. At target performance, Sampson can earn a bonus equal to 45% of salary and Dehmer 35%.
Canterbury Park Holding Corp Chief Financial Officer Randy J. Dehmer reported share dispositions to cover taxes tied to a prior deferred stock grant vesting. Over March 13–15, he directed the company to withhold a total of 980 shares of common stock at $15.72 per share.
These Code F transactions are tax-withholding dispositions, not open-market sales. After the transactions, Dehmer holds 26,385 shares directly and 2,866 shares indirectly through a 401(k) plan.
Canterbury Park Holding Corp reported that President and CEO Randall D. Sampson received a grant of 10,100 shares of common stock on March 12, 2026 as a deferred stock award at no cash cost, increasing his direct holdings to 313,559 shares.
On February 16, 2026, 363 shares were withheld at $15.61 per share to cover tax obligations from a prior deferred stock grant, which is a non-market disposition. The filing also shows indirect holdings in common stock through a 401(k) plan and trusts, including shares held by the Randall D. Sampson GST Trust and Sampson Family Real Estate Holdings, LLC, where various family trusts are beneficiaries and certain membership interests are disclaimed.
Canterbury Park Holding Corp reported that Chief Financial Officer Randy J. Dehmer received a grant of 6,400 shares of Common Stock, awarded at no cash cost to him.
On the same Form 4, the company withheld 218 shares at $15.61 per share to cover his tax obligation from a prior deferred stock grant vesting. After these updates, Dehmer holds 27,365 shares directly and 2,866 shares indirectly through a 401(k) plan.
Canterbury Park Holding Corporation reported 2025 net revenues of $59.6 million, down 3.2% from 2024, and a small net loss of $0.5 million versus prior-year profit. Casino activity remains the core business, contributing 62.3% of net revenues, with pari-mutuel wagering at 12.9% and food and beverage at 13.8%.
Adjusted EBITDA was $9.4 million, a 12.9% decline from 2024, reflecting softer Casino collections and lower live racing revenue as field sizes and race days fell. The company continues to invest in its Canterbury Commons real estate strategy through multiple joint ventures and land sales, while carrying a purse overpayment receivable tied to future funding.
Management highlights intense competition from nearby tribal casinos, the Running Aces racetrack, online wagering, and potential future sports betting in Minnesota. The filing also details extensive state racing regulation, a multi-layer cybersecurity program, and a workforce of 214 full-time and 532 part-time team members as of December 31, 2025.
Canterbury Park Holding Corp insider Randall D. Sampson filed an amended Schedule 13G reporting his beneficial ownership of the company’s common stock. As of December 31, 2025, he beneficially owns 997,013 shares, representing 19.5% of the outstanding common stock.
The filing explains this total includes 261,923 shares held individually (with 1,000 shares of deferred stock vesting within sixty days), 33,530 shares held jointly with his spouse, 34,173 shares in a GST trust where he is sole trustee, and 667,387 shares held by Sampson Family Real Estate Holdings, LLC, where he is sole manager.
Canterbury Park Holding Corporation reported Q3 results. Net revenues were $18,314,701 with net income of $487,283 (basic and diluted EPS $0.10). For the nine months, net revenues were $47,122,067 and net loss was $139,333 (EPS $(0.03)).
Casino revenue declined in Q3 to $8,925,116 from $9,878,660, reflecting lower table game collections, while food & beverage grew to $3,507,789. Pari-mutuel revenue was $3,236,032. Adjusted EBITDA was $2,813,619 in Q3 and $6,626,104 year-to-date, down from the prior year.
Other loss was driven by equity method losses of $936,264 in Q3 and $3,899,029 year-to-date, tied to real estate joint ventures, with “investee losses in excess of equity investment” at $7,347,057. Cash, cash equivalents, and restricted cash were $16,989,884, and there were no borrowings on the $5,000,000 revolving line. A TIF receivable totaled $20,161,264. The company declared a Q3 cash dividend of $0.07 per share. Shares outstanding were 5,099,272 as of November 6, 2025.
Canterbury Park Holding Corporation updated its prior report to explain how often it will hold future advisory votes on executive pay, known as Say-on-Pay votes. At the June 5, 2025 annual meeting, stockholders gave the most support to holding these advisory votes every three years.
Following that result, and in line with its Board of Directors’ recommendation, the company decided to conduct Say-on-Pay votes on a triennial basis. This triennial schedule will remain in place until the next required advisory vote on the frequency of Say-on-Pay, which is expected no later than the company’s 2031 annual stockholders’ meeting, or until the Board changes the frequency.