- Current report filing (8-K)
June 03 2009 - 4:51PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported):
June 1,
2009
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(Exact
name of registrant as specified in its charter)
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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c/o
Monticello Casino and Raceway, Route 17B,
P.O.
Box 5013, Monticello,
NY
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code:
xxx
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(Former
name or former address, if changed since last
report.)
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Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (
see
General
Instruction A.2. below):
¨
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
¨
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
5.02.
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Departure of Directors
or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain
Officers
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On June
1, 2009, the Board of Directors of Empire Resorts, Inc. (the “Company”)
appointed Joseph E. Bernstein, age 60, to serve as Chief Executive Officer of
the Company. The appointment is effective immediately and runs
through an initial term ending December 31, 2009, subject to an automatic
one-year renewal upon the completion of certain conditions. Mr.
Bernstein will be paid an annual salary of $500,000. The Company is
currently negotiating with Mr. Bernstein on the terms of a written employment
agreement. Joseph E. Bernstein is the brother of Ralph J. Bernstein, who is a
director of the Company.
For the
past decade, Mr. Bernstein has been a sole practitioner involved in complex
litigation and strategic legal counseling. Mr. Bernstein's previous experience
includes serving as a corporate tax attorney at Cahill Gordon & Reindel, as
an international tax attorney at Rosenman & Colin and, in 1981, forming his
own law firm, Bernstein Carter & Deyo, focusing on foreign direct investment
in the United States. In addition, in 1981, Mr. Bernstein founded and
has since that time served as a Managing Director of Americas Partners, a real
estate investment and development group of companies which has been involved in
the acquisition or development of three million square feet involving over $1
billion of commercial property in Manhattan. For the past ten years, Mr.
Bernstein has also been active in the predevelopment of golf resorts and an
entertainment city project on government land in Israel. Mr.
Bernstein is the co-trustee of the Catskill Litigation Trust, which is presently
pursuing a $3 billion judgment enforcement action against Harrah's Operating
Company, Inc. on behalf of 12,000 enrolled members of the St. Regis Mohawk Tribe
and former shareholders of the Company. Mr. Bernstein previously
served as a director of the Company from August 2004 until June
2007. He was the founder of the company which previously owned the
Monticello Raceway and part of the group that merged the Raceway into
the Company in 2004.
On June
1, 2009, the Board of Directors of the Company appointed each of Nancy Palumbo
and Kenneth Dreifach as Class II directors, effective immediately, to serve
until the 2011 annual meeting of stockholders. In addition, the Board of
Directors of the Company appointed Ms. Palumbo to serve on each of the Audit
Committee and Compensation Committee of the Company’s Board of Directors and
appointed Mr. Dreifach to serve on each of the Audit Committee and the Corporate
Governance and Nominations Committee of the Company’s Board of
Directors.
SIGNATURES
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.
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EMPIRE
RESORTS, INC.
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Dated:
June 3, 2009
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By:
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Name:
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Charles
Degliomini
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Title:
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Senior
Vice President
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