Canterbury Park Holding Corp. (CPHC) just unveiled an update.
Canterbury Park Holding Corporation has increased the base salaries of its President and CEO, Randall D. Sampson, to $327,652, and CFO, Randy J. Dehmer, to $261,081 for 2024. Additionally, the company has adopted an Annual Incentive Plan, offering Incentive Awards based on the company’s financial performance in relation to established goals. The performance will be assessed against income from operations and consolidated revenue, with potential cash incentives for Mr. Sampson and Mr. Dehmer at 45% and 35% of their base salaries, respectively, if target levels are met. The maximum payout from these Incentive Awards is capped at 150% of the target amount.
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