International Speedway Corporation Announces Appointment To Board Of Directors, Management Promotions And An Increase In Its Annual Dividend

By a News Reporter-Staff News Editor at Investment Weekly News -- International Speedway Corporation (NASDAQ Global Select Market: ISCA; OTC Bulletin Board: ISCB)("ISC") announced the appointment of Larree M. Renda and the re-election of four members to the Company's Board of Directors, the promotion of seven members of the executive management team and appointment of one executive officer, and an increase in its annual dividend.

Renda will hold office until the 2017 annual meeting of shareholders, completing the term of Lloyd Reuss, who did not stand for re-election in 2014. Renda will serve as a member of the Audit and Compensation Committees.

"Following a search by our Board, we are delighted to welcome Larree Renda to ISC's Board of Directors," stated ISC Chief Executive Officer Lesa France Kennedy. "Her leading experience in retail strategy, real estate, and financial planning will add tremendous value to ISC as we continue to grow our business and increase long-term value for our shareholders."

ISC promoted seven key executives for their significant contributions and achievements including Dan Houser to Executive Vice President, CFO and Treasurer; Gary Crotty to Executive Vice President, Chief Administration Officer and Chief Legal Counsel; Craig Neeb to Executive Vice President, Chief Development and Digital Officer; Daryl Wolfe to Executive Vice President, Chief Marketing Officer; Joie Chitwood to Executive Vice President, ISC and President, Daytona International Speedway; Laura Jackson to Senior Vice President, Corporate Services and Chief Human Resources Officer; and Brett Scharback to Senior Vice President, Legal and Chief Compliance Officer. ISC appointed Greg Motto to Vice President, Finance and Accounting and ISC Controller.

Motto, 42, first employed by ISC in 2000, previously served as ISC Managing Director of Finance and Controller. As Vice President, he will continue to manage integrated financial planning and reporting while overseeing the Company's accounting operations and internal controls. His growing role in investor relations activities positions him working closely with shareholders and the wider investment community.

"We are pleased to recognize several key members of our executive team for their proven ability to lead and consistently execute at the highest level," stated Kennedy. "Greg's keen financial insight is a welcome addition to our senior leadership and reinforces our commitment to growth and development."

ISC declared an annual dividend of $0.26 per share, payable on June 30, 2015, to common stockholders of record on May 29, 2015, marking the 42(nd) consecutive year that the Company has paid a dividend to its shareholders. ISC paid an annual dividend of $0.24 per share in 2014.

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: Lesa France Kennedy; Larry Aiello, Jr.; J. Hyatt Brown; and Sonia M. Green.

Keywords for this news article include: Investment and Finance, International Speedway Corporation.

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