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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): April 27, 2005
MAGNA ENTERTAINMENT CORP.
(Exact Name of Registrant as Specified in its Charter) |
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Delaware
(State or Other Jurisdiction of Incorporation) |
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000-30578
(Commission File Number) | | 98-0208374
(I.R.S. Employer Identification No.) |
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337 Magna Drive, Aurora, Ontario, Canada L4G 7K1
(Address of Principal Executive Offices) (Zip Code) |
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(905) 726-2462
(Registrant's Telephone Number, Including Area Code) |
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Not Applicable
(Former Name or Former Address, if changed since Last Report) |
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):
- o
- Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
- o
- Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
- o
- Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
- o
- Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
In a Form 8-K dated May 9, 2005, the registrant reported that W. Thomas Hodgson, the President and Chief Executive Officer of the registrant, among others, entered into an agreement with the registrant to forego 50% of his guaranteed bonus for 2005 in consideration for the issuance of performance shares under the registrant's Long Term Incentive Plan. The number of shares of Class A Subordinate Voting Stock of the registrant underlying the performance shares was reported to be 15,974 shares but should have read 13,086 (which is pro-rated for 2005).
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 thereunto duly authorized.
| | | MAGNA ENTERTAINMENT CORP.
(Registrant) |
September 16, 2005 |
|
by: |
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/s/ BLAKE S. TOHANA
Blake S. Tohana,
Executive Vice-President and
Chief Financial Officer |
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SIGNATURES
