Welcome to our dedicated page for Churchill Downs SEC filings (Ticker: CHDN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Churchill Downs Incorporated filings document operating results, governance votes, and capital actions for a public gaming, wagering, and racing company. Its 8-K reports furnish quarterly and annual results, segment information, leverage, dividends, venue openings, and other material events tied to live and historical racing, TwinSpires wagering, and regional casino gaming.
Proxy and annual-meeting disclosures cover director elections, auditor ratification, and advisory votes on executive compensation. Material-event filings also address Regulation FD disclosures, share repurchase authorization, capital-structure matters, and formal reporting controls around furnished earnings releases.
Churchill Downs Inc. director Paul C. Varga reported an acquisition of 39.45 shares of common stock on January 6, 2026. The shares were granted as dividends in the form of restricted stock units, each unit being the economic equivalent of one share of common stock. The underlying shares will be transferred to him when he completes his service as a director. After this dividend-related grant, Varga beneficially owns 33,299.5 shares of Churchill Downs common stock, held directly, and the grant carried no cash purchase price.
Churchill Downs Inc. director Karole F. Lloyd reported receiving 59.98 shares of common stock on 01/06/2026. The shares were granted as dividends paid in the form of restricted stock units and restricted shares, with each unit equal to one share of common stock. The underlying common shares will be transferred to her when she completes her service as a director. Following this grant, she beneficially owns 38,059.84 shares of Churchill Downs common stock directly.
Churchill Downs Inc. (CHDN) insider William E. Mudd, President and COO, reported equity transactions. On October 30, 2025, 94,966 shares of common stock were acquired at $0 upon settlement of service-based performance stock units. The same day, a separate transaction recorded the disposition of 43,258 shares at $100.4 per share.
Following these transactions, Mudd beneficially owned 733,015.8 shares, held directly. The filing notes these units vested and were settled on October 30, 2025.
Churchill Downs (CHDN) disclosed that CEO William C. Carstanjen reported equity transactions on October 30, 2025. He acquired 151,942 shares of common stock at $0 via a code M transaction tied to the settlement of service-based performance stock units. The filing also shows a code F disposition of 68,071 shares at $100.4. Following these transactions, he directly beneficially owned 1,675,515 shares.
The derivative table lists the underlying settlement of 151,942 shares from restricted stock units, which vested and were settled on October 30, 2025, with 146,367.52 derivative securities shown as beneficially owned afterward.
Churchill Downs Incorporated reported higher third‑quarter revenue but lower earnings. Net revenue rose to $683.0 million from $628.5 million a year ago, led by Live and Historical Racing at $300.0 million and Wagering Services and Solutions at $118.0 million, while Gaming was $265.0 million. Operating income fell to $98.0 million from $125.9 million as asset impairments increased. Net income attributable to the company was $38.1 million versus $65.4 million, or $0.54 diluted EPS versus $0.86.
Results included an $85.1 million non‑cash impairment of Chasers’ gaming rights and a $40.0 million gain on settling a related liability. The company acquired 90% of Casino Salem on Aug 27, 2025, recording an indefinite‑lived gaming rights intangible of $196.6 million. Year‑to‑date, net revenue reached $2,260.0 million and diluted EPS was $4.55.
Cash from operating activities was $673.8 million year‑to‑date. The board authorized a new $500.0 million repurchase program in July; remaining authority was $461.5 million at Sept 30, 2025. Year‑to‑date repurchases totaled 3,879,741 shares for $393.3 million. Shares outstanding were 69,728,742 at Oct 15, 2025.
Churchill Downs Incorporated furnished a current report that includes a press release announcing its results of operations and financial condition for the three and nine months ended September 30, 2025. The company attached this earnings press release as Exhibit 99.1 and noted that it is being furnished rather than filed, which limits how it is incorporated into other securities law filings. The common stock continues to trade on The Nasdaq Global Select Market under the symbol CHDN.
Douglas C. Grissom, a director of Churchill Downs Inc (CHDN), reported on Form 4 that on 09/30/2025 he was awarded 354.34 phantom share units under director compensation. Each phantom share unit is the economic equivalent of one share of common stock and will be transferred when the reporting person completes service as a director. The number of units was determined using the closing price on September 30, 2025. After the award, Mr. Grissom's total beneficial ownership is reported as 39,563.82 shares (comprised of restricted stock units, phantom share units, and dividend equivalents).
Churchill Downs Incorporated completed its previously announced acquisition of a controlling stake in a New Hampshire gaming property. On August 27, 2025, the company closed the purchase of 90% of the outstanding equity interests of PPE Casino Resorts NH Holdings, LLC in Salem, New Hampshire, known as Casino Salem, for total consideration of $180 million in cash, subject to purchase price adjustments.
The company also issued a press release on the same day describing the completion of the transaction, which is included as an exhibit to this report.