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): July 29, 1997
HOLLYWOOD PARK, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware 0-10619 95-3667491
(STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
1050 South Prairie Avenue, Inglewood, California 90301
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
Registrant's telephone number, including area code: (310) 419-1500
ITEM 5. OTHER EVENTS.
On July 29, 1997, the Registrant issued a press release announcing
that it had exercised its option to redeem all 2,749,900 of its outstanding
Depositary Shares and the related shares of its $70 Convertible Preferred Stock.
On August 7, 1997, the Registrant mailed a notice of the redemption to record
holders of its Depositary Shares. As a result of the redemption, effective
August 28, 1997, each outstanding Depositary Share will be converted into 0.8333
shares of the Registrant's Common Stock, such that up to 2,291,583 new Common
Shares may be issued in the aggregate.
A copy of the July 29th press release is attached as Exhibit 99.1 and
is incorporated herein by reference, and a copy of the notice of the redemption
is attached as Exhibit 99.2 and is incorporated herein by reference.
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.
HOLLYWOOD PARK, INC.
Date: August 11, 1997 By: /s/ G. Michael Finnigan
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G. Michael Finnigan
President, Sports and Entertainment,
Executive Vice President, Treasurer and
Chief Financial Officer
Exhibit Index
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No. Document
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99.1 Press Release
99.2 Notice of Redemption
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