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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): SEPTEMBER 8, 1998
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PENSKE MOTORSPORTS, INC.
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(Exact Name of Registrant as Specified in its Charter)
DELAWARE 0-28044 51-0369517
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(State or Other Jurisdiction of (Commission File Number) (IRS Employer Identification
Incorporation) Number)
13400 WEST OUTER DRIVE 48239-4001
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DETROIT, MI (Including Zip Code)
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(Address of Principal Executive
Offices)
313-592-8255
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(Registrant's Telephone Number, Including Area Code)
NOT APPLICABLE
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(Former Name or Address, If Changed From Last Report)
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ITEM 5. OTHER EVENTS
On September 8, 1998, Penske Motorsports, Inc. issued a press release
announcing among other things, its plan to repurchase, from time to time, up to
$10 million shares of the Company's common stock in open market transactions
pursuant to a stock repurchase program. A copy of such press release is attached
hereto as Exhibit 99.1 and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) FINANCIAL STATEMENTS:
Financial Statements are not required
(b) PRO FORMA FINANCIAL INFORMATION:
Pro Forma financial information is not required
(c) EXHIBITS:
Exhibit 99.1 - Press Release of Penske Motorsports, Inc., dated
September 8, 1998.
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.
Dated: September 8, 1998 PENSKE MOTORSPORTS, INC.
By: /s/ Robert H. Kurnick, Jr.
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ROBERT H. KURNICK, JR.
Its: SENIOR VICE PRESIDENT
AND SECRETARY
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EXHIBIT INDEX
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EXHIBIT DESCRIPTION OF EXHIBIT SEQUENTIAL PAGE
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NUMBER NUMBER
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EXHIBIT 99.1 Press Release of Penske Motorsports,
Inc., dated September 8, 1998.