SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)
Dover Motorsports, Inc.
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(Name of Issuer)
$.10 par value Common Stock
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(Title of Class of Securities)
260174-10-7
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(CUSIP Number)
B. Joseph Alley, Jr., Esq.
2800 One Atlantic Center
1201 West Peachtree Street
Atlanta, Georgia 30309-3450
(404) 873-8500
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
August 12, 2002
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box |_|.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7(b) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act, (however, see the
Notes).
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1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons
R. Randall Rollins
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2 Check the Appropriate Box if a Member of a Group (a)[X]
(b)[ ]
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3 SEC Use Only
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4 Source of Funds
PF
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5 Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e) [ ]
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6 Citizenship or Place of Organization
United States
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7 Sole Voting Power
2,320,700*
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8 Shared Voting Power
0
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9 Sole Dispositive Power
2,320,700*
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10 Shared Dispositive Power
0
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
2,320,700*
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12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
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13 Percent of Class Represented by Amount in Row (11)
13.84 percent*
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14 Type of Reporting Person
IN
====================================================================================================================
* Includes 2,030,000 shares of Class A common stock which are convertible, at
any time, on a share-for-share basis into shares of common stock.
2
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1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons
Gary W. Rollins
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2 Check the Appropriate Box if a Member of a Group (a)[X]
(b)[ ]
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3 SEC Use Only
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4 Source of Funds
PF
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5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
United States
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7 Sole Voting Power
2,320,700*
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8 Shared Voting Power
0
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9 Sole Dispositive Power
2,320,700*
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10 Shared Dispositive Power
0
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
2,320,700*
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12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
--------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
13.84 percent*
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14 Type of Reporting Person
IN
====================================================================================================================
* Includes 2,030,000 shares of Class A common stock which are convertible, at
any time, on a share-for-share basis into shares of common stock.
3
ITEM 1. SECURITY AND ISSUER
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This statement relates to the common stock, par value $.10 per share of
Dover Motorsports, Inc., a Delaware corporation ("Dover Motorsports"). The
principal executive office of Dover Motorsports is located at:
1131 North DuPont Highway
Dover, Delaware 19901
The common stock of Dover Motorsports is publicly traded and the Class A
common stock of Dover Motorsports is not publicly traded. The ownership
reflected above includes both common stock and Class A common stock owned by
each of R. Randall Rollins and Gary W. Rollins. Class A common stock entitles
the holder to ten (10) votes per share and is convertible at any time into
shares of common stock on a one-for-one basis at the option of the shareholder.
As a result, under Rule 13d-3 promulgated under the Securities Exchange Act of
1934, a holder of Class A common stock is deemed to have beneficial ownership of
the common stock which such shareholder may acquire upon conversion of the Class
A common stock. The percentages set forth herein assume the conversion of all
such shares of Class A common stock owned by each of R. Randall Rollins and Gary
W. Rollins.
ITEM 2. IDENTITY AND BACKGROUND
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(a) This Schedule 13D is filed by:
R. Randall Rollins; and Gary W. Rollins
(b) The business address of R. Randall Rollins and Gary W. Rollins is c/o
Rollins, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) R. Randall Rollins is Chairman of the Board of Rollins, Inc., Chairman
of the Board of Directors and Chief Executive Officer of RPC, Inc. and
Chairman of the Board of Directors of Marine Products Corporation. The
address for Mr. Rollins is c/o Rollins, Inc., 2170 Piedmont Road,
N.E., Atlanta, Georgia 30324.
Gary W. Rollins is Chief Executive Officer, President and Chief
Operating Officer of Rollins, Inc. The address of Mr. Rollins is c/o
Rollins, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(d) During the past five years, no person set forth in Item 2(a) above,
has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the past five years, no person set forth in Item 2(a) above,
was a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction as a result of which such person was or is
subject to a judgment, decree or final order enjoining future
violations of or prohibiting or mandating activity subject to federal
or state securities laws or finding any violation with respect to such
laws.
(f) Each individual set forth in Item 2(a) above is a citizen of the
United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
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On August 12, 2002, each of R. Randall Rollins and Gary W. Rollins acquired
290,700 shares of common stock of Dover Motorsports for $4.30 per share pursuant
to separate Purchase Agreements between Dover Motorsports and each of R. Randall
Rollins and Gary W. Rollins, each of which was dated as of August 10, 2002. The
purchase price for the shares of Dover Motorsports common stock was $1,250,010,
the source of which was personal funds of each of R. Randall Rollins and Gary W.
Rollins.
4
ITEM 4. PURPOSE OF TRANSACTION
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R. Randall Rollins and Gary W. Rollins acquired the shares of common stock
solely for investment purposes.
(a)-(j) None.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
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(a)-(b) See Items 7-13 of the cover pages.
(c) See Item 3. No other transactions in Dover Motorsports'
securities have been effected by an individual named in Item 2
above within the last sixty days.
(d) No other person has the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sales of,
the securities of Dover Motorsports.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
--------------------------------------------------------------------------------
SECURITIES OF THE ISSUER
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Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
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None
5
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: August 20, 2002
/s/ R. Randall Rollins
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R. Randall Rollins
/s/ Gary W. Rollins
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Gary W. Rollins
6
JOINT FILING AGREEMENT
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The undersigned acknowledge and agree that the foregoing statement on Schedule
13D is filed on behalf of each of the undersigned and that all subsequent
amendments to this statement shall be filed on behalf of each of the undersigned
without the necessity of filing additional joint filing agreements. The
undersigned acknowledge that each shall be responsible for the timely filing of
such amendments, and for the completeness and accuracy of the information
concerning it contained therein, but shall not be responsible for the
completeness and accuracy of the information concerning the others, except to
the extent that it knows or has reason to believe that such information is
inaccurate.
This Agreement may be executed in counterparts and each of such counterparts
taken together shall constitute one and the same instrument.
Dated: August 20, 2002
/s/ R. Randall Rollins
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R. Randall Rollins
/s/ Gary W. Rollins
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Gary W. Rollins
7
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