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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 1(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): OCTOBER 13, 1997
GRAND PRIX ASSOCIATION OF LONG BEACH, INC.
(Exact name of registrant as specified in it's charter)
CALIFORNIA
(State or other jurisdiction of incorporation or organization)
1-11837 95-2945353
(Commission File Number) (I.R.S. Employer Identification Number)
3000 PACIFIC AVENUE
LONG BEACH, CA 90806
(Address of principal executive offices)
(Registrant's telephone number, including area code) (562) 981-2600
This report contains 2 pages.
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ITEM 5 - OTHER EVENTS
On October 13, 1997, the Board of Directors elected Gregory W. Penske and H. Lee
Combs as Directors to fill the two existing vacancies on the Board which were
created when the majority of the shareholders entitled to vote consented in
writing to amend the Bylaws of the corporation to provide that the authorized
number of directors shall be not less than five (5) nor more than eleven (11)
until changed by a bylaw duly adopted, and fixing number of directors at eleven
(11) until changed. Each was elected to serve until the next annual meeting.
Gregory W. Penske, age 35, has been President of Penske Motorsports, Inc. since
July 1997 and a Director since its formation. Mr. Penske has been President of
California Speedway since January 1997. Since 1993, Mr. Penske has been
President of Penske Automotive Group, Inc., which owns and operates nine
automobile dealerships in Southern California. From 1987 to July 1992, Mr.
Penske served as Vice President of D. Longo, Inc., and from 1992 to the present
served as President of that company. D. Longo, Inc. is a Toyota dealership in El
Monte , California and is a subsidiary of Penske Automotive Group, Inc.
H. Lee Combs, age 44, has served as a Director of International Speedway Corp.
since 1987. He served as that company's Vice President and Chief Financial
Officer from 1987 until his appointment as Senior Vice President-Operations in
January 1996. He has also served as a director of Penske Motorsports, Inc.
since 1995.
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.
GRAND PRIX ASSOCIATION
OF LONG BEACH, INC.
By /s/ Christopher R. Pook
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Christopher R. Pook,
Chief Executive Officer, President
Dated: November 14, 1997
