Drive Shack Inc.
ir.driveshack.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2022 10-Q, filed Nov 21, 2022. Its latest SEC filing is a SC 13G from Feb 14, 2023.
10-Q for Q3 FY2022, filed Nov 21, 2022
The sections below describe the company as of the FY2021 annual report.
What Did They Do?
Operates entertainment venues offering technology-based golf and putting games, food and drinks, and owns, leases, and manages traditional golf courses and country clubs for guests and members.
10-K for FY2021, filed Mar 18, 2022Drive Shack Inc., a Maryland corporation, was formed in 2002, and its common stock is traded on the NYSE under the symbol “DS.” Drive Shack…View ↗
Drive Shack offers competitive, social entertainment through its golf-related leisure and large-format entertainment venues with gaming and…View ↗
This segment also includes the Company's newest entertainment golf brand, Puttery, an adult-focused, modern spin on putting, re-defining…View ↗
American Golf, acquired by the Company in December 2013, is one of the largest operators of golf properties in the United States. As an…View ↗
Who Were Their Customers?
Guests visit entertainment venues and golf properties, while private courses primarily serve members and their guests. American Golf also manages courses for municipal and private owners.
10-K for FY2021, filed Mar 18, 2022Drive Shack offers competitive, social entertainment through its golf-related leisure and large-format entertainment venues with gaming and…View ↗
Public Properties. Our twenty-eight (28) leased public properties generate revenues principally through daily green fees, golf cart rentals…View ↗
Private Properties. Our five (5) leased or owned private properties, which are open primarily to members and their guests, generate…View ↗
Managed Properties. Our twenty-two (22) managed properties are operated by American Golf pursuant to management agreements with the owners…View ↗
How Were They Changing?
- Net income
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Sources
10-Q for Q3 FY2022, filed Nov 19, 2022
−$7.2MView ↗
- ▼ −19% (Loss)
- vs −$8.9M in Q3 FY2021
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Dec 14, 2022
Announced plans to delist from NYSE and deregister securities
The company said it planned to withdraw its NYSE listing and suspend its public-company reporting obligations.
Sources
8-K, filed Dec 14, 2022
On December 13, 2022, Drive Shack Inc. (the “Company”) delivered written notice to the New York Stock Exchange (the “NYSE”) of its…View ↗
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Apr 6, 2022
CFO stepped down and an interim CFO took over
Michael Nichols left the role, and Kelley Buchhorn assumed CFO duties on an interim basis.
Sources
8-K, filed Apr 6, 2022
On March 31, 2022, Michael L. Nichols informed the Company that he would step down from his role as Chief Financial Officer of the Company…View ↗
Added indoor putting venues
The older report described Drive Shack's golf, competition, dining, and entertainment venues; the latest report also includes Puttery, an indoor putting format with bars and social spaces.
10-K for FY2018, filed Mar 15, 2019 10-K for FY2021, filed Mar 18, 2022Drive Shack is an entertainment company that combines golf, competition, dining and fun. Drive Shack plans to open a chain of…View ↗
This segment also includes the Company's newest entertainment golf brand, Puttery, an adult-focused, modern spin on putting, re-defining…View ↗
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