I NTERNATIONAL SPEEDWAY CORPORATION • CORPORATION SPEEDWAY NTERNATIONAL COMING JANUARY 2016 2014 ANNUAL REPORT INTERNATIONAL MOTORSPORTS CENTER One Daytona Boulevard Daytona Beach, Florida 32114-1252 www.internationalspeedwaycorporation.com OUR BOARD OF DIRECTORS. JAMES C. FRANCE LESA FRANCE KENNEDY Chairman of the Board Vice Chair and Chief Executive Officer International Speedway Corporation International Speedway Corporation TO BE THE WORLD LEADER IN MOTORSPORTS LARRY AIELLO, JR.1 ENTERTAINMENT BY PROVIDING SUPERIOR, 1 Retired as President and J. HYATT BROWN INNOVATIVE, AND THRILLING GUEST EXPERIENCES. DRIVEN Chief Executive Officer Chairman Corning Cable Systems Brown & Brown, Inc. International Speedway Corporation, (“ISC”) founded in 1953, is a leading promoter of motorsports-themed entertainment activities in the United States. The Company owns and/or operates 13 of the nation’s premier motorsports entertainment facilities, which in total, have approximately 831,500 grandstand seats and 527 suites. EDSEL B. FORD II1 BRIAN Z. FRANCE ISC’s facilities are located in six of the nation’s top 13 media markets and nearly 80 percent of the country’s population is located within Board Director Chairman and the primary trading areas of its facilities. Ford Motor Company and Chief Executive Officer NASCAR, Inc. ISC promotes major motorsports events in every month of the racing season — more than any other motorsports promoter. • Daytona International Speedway® in Florida • Darlington Raceway® in South Carolina • Talladega Superspeedway® in Alabama • Chicagoland Speedway® near Chicago, Illinois 1 1 ® ® WILLIAM P. GRAVES SONIA MARIA GREEN • Kansas Speedway in Kansas City, Kansas • Martinsville Speedway in Virginia President and Chief Executive Officer Nationally recognized leader in • Richmond International Raceway® in Virginia • Phoenix International Raceway® in Arizona American Trucking Associations marketing and brand communications. • Michigan International Speedway® located outside Detroit • Homestead-Miami SpeedwaySM in Florida • Auto Club Speedway of Southern CaliforniaSM • Watkins Glen International® in New York near Los Angeles • Route 66 RacewaySM near Chicago, Illinois 1 The Company also owns and operates Motor Racing Network Radio, the nation’s largest independent sports radio network, CHRISTY F. HARRIS MORI HOSSEINI Attorney in private practice of Chairman and Chief Executive Officer SM Americrown Service Corporation , a subsidiary that provides catering, food and beverage concessions, and services at certain business and commercial law of Intervest Construction, Inc. of our motorsports entertainment facilities, and Motorsports Authentics, which sells officially licensed NASCAR and race teams merchandise. In addition, the Company has a 50 percent interest in the Hollywood Casino at Kansas Speedway. The National Association for Stock Car Auto Racing (“NASCAR”) is the most prominent sanctioning body in stock car racing, based on such factors as geographic presence, number of members and sanctioned events. ISC derives approximately 86 percent of its revenues from NASCAR-sanctioned racing events. LARRY D. WOODARD1 President and CEO of ISC attributes its solid revenues and profits to an operating strategy that produces significant operating cash flow which is Graham Stanley Advertising reinvested in strategic opportunities to grow the business and deliver shareholder value. 1 Independent Board Member DEAR INTERNATIONAL SPEEDWAY CORPORATION SHAREHOLDERS, PARTNERS AND EMPLOYEES: t ISC, our vision is to be the world leader in DAYTONA Rising, the redevelopment of the frontstretch of motorsports entertainment by providing superior, Daytona International Speedway, continues to progress Ainnovative and thrilling guest experiences. In 2014, on time and on budget, debuting approximately 40,000 we aggressively pursued this vision with improved newly constructed seats and supporting infrastructure amenities at our motorsports facilities and leveraging for Speedweeks 2015. In 2014, we announced some NASCAR’s groundbreaking competition advancements of the Company’s longest term deals with Toyota and that build on the 2013 launch of the Gen 6 car, new crowd Florida Hospital as Founding Partners for the project, pleasing qualifying formats and for the first time a Chase providing for sponsorship on two of the five Injectors. We for the Sprint Cup Championship that included three are optimistic that elevating the experience at the most elimination rounds leading up to a four-car showdown in iconic motorsports facility in North America will take the the Ford EcoBoost 400 during Championship Weekend at DAYTONA 500 brand to a whole new level, and favorably Homestead-Miami Speedway. impact our 12 other major motorsports facilities’ brands. We reported solid financial performance for 2014 We maintain a solid financial position, developed over and continue with positive momentum from capacity many years, that affords us the ability to follow our management and consumer marketing strategies, coupled disciplined capital allocation strategy and maintain our with strong corporate sales and excitement generated leadership position in the motorsports industry. Building by the new Chase format. We achieved sellouts at Auto on this foundation we will continue to execute our five- Club Speedway, Homestead-Miami Speedway and for four year, $600 million capital allocation plan through 2017. consecutive years, at Phoenix International Raceway in For the future, we are well positioned to balance the November. strategic capital needs of our business with returning capital to our shareholders. 2015 is the first year of the new 10-year TV broadcast agreements with FOX and NBC. We are optimistic the We appreciate your continued support and look forward to sport can carry forward the fan enthusiasm that peaked seeing you at the races! during the final rounds of the Chase, and, with some tail wind from strengthening consumer confidence, translate into solid consumer sales and TV ratings in the coming year. Going into 2015, we will continue successful execution of the Company’s consumer marketing and VICE CHAIR AND CHIEF EXECUTIVE OFFICER corporate sales strategies, while continuing to benefit from NASCAR’s Industry Action Plan, all of which will support revenue growth for ISC. PRESIDENT This page was intentionally left blank. 10-K 2014 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ FORM 10-K ________________________________ (Mark One) !Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended November 30, 2014 or "Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____ Commission File Number 000-02384 ________________________________ INTERNATIONAL SPEEDWAY CORPORATION (Exact name of registrant as specified in its charter) ________________________________ FLORIDA 59-0709342 This page was intentionally left blank. (State or other jurisdiction of incorporation) (I.R.S. Employer Identification No.) ONE DAYTONA BOULEVARD, DAYTONA BEACH, FLORIDA 32114 (Address of principal executive offices) (Zip code) Registrant’s telephone number, including area code: (386) 254-2700 ________________________________ Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Class A Common Stock — $.01 par value NASDAQ/National Market System Securities registered pursuant to Section 12 (g) of the Act: Common Stock — $.10 par value Class B Common Stock — $.01 par value (Title of Class) ________________________________ Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YES ! NO " Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YES " NO ! Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES ! NO " UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ FORM 10-K ________________________________ (Mark One) !Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended November 30, 2014 or "Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____ Commission File Number 000-02384 ________________________________ INTERNATIONAL SPEEDWAY CORPORATION (Exact name of registrant as specified in its charter) ________________________________ FLORIDA 59-0709342 (State or other jurisdiction of incorporation) (I.R.S. Employer Identification No.) ONE DAYTONA BOULEVARD, DAYTONA BEACH, FLORIDA 32114 (Address of principal executive offices) (Zip code) Registrant’s telephone number, including area code: (386) 254-2700 ________________________________ Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Class A Common Stock — $.01 par value NASDAQ/National Market System Securities registered pursuant to Section 12 (g) of the Act: Common Stock — $.10 par value Class B Common Stock