International Speedway (ISCA) Announces Resignation of CEO; Boosts Annual Dividend by 2c to $0.14/Share, Yielding 0.71%

April 14, 2009 2:38 PM EDT

International Speedway Corporation (Nasdaq: ISCA) announced today that James France is stepping down from the role of CEO effective June 1, 2009. Mr. France will remain Chairman of the Board of Directors in a non-executive capacity.

In addition, the Company's Board of Directors announced the promotions, also effective June 1, 2009, of several executives to positions of new responsibility.

• Lesa France Kennedy, currently President, will become CEO and retain the title of Vice Chair.
  
• John Saunders, currently Executive Vice President and COO, will become President;
  
• Roger VanDerSnick, currently Senior Vice President - Marketing & Business Operations, will become Executive Vice President and COO; and,
  
• Daniel Houser will move from Vice President to Senior Vice President, and remain CFO and Treasurer.

Separately, ISC declared an annual dividend of $0.14 per share, payable on June 30, 2009, to common stockholders of record on May 29, 2009. The dividend represents a 16.6% increase from the annual dividend of $0.12 declared last year.

With shares of ISCA trading around $19.65 today, the dividend now yields 0.71%.

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Dividends
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