France family owns nearly 70% of ISC stock

The France Family Group, which includes 46 entities ranging from members of the NASCAR-ruling France family to companies they operate, own 69.6% of the voting stock at International Speedway Corp., the company revealed in its annual proxy statement. A year ago, the group owned 68.9%. With the majority of the voting stock, the France Family Group controls the decisions of the company. ISC Chairman Jim France controls 44.9% of the voting stock (including his shares of the France Family Group) and his late brother Bill's widow, Betty Jane France, owns 20.7%. NASCAR Chairman Brian France (Jim's nephew), who was listed as controlling only 0.23% of the voting ISC stock last year, now owns 1.3%. Executive compensation also was revealed as part of the proxy statement. Chairman Jim France's compensation package was worth $554,608, compared with $1.08 million last year when he was chairman and chief executive officer. Vice Chairman and Chief Executive Officer Lesa France Kennedy's compensation package was worth $769,780, compared with $719,146 a year ago when she was the company president. The compensation package includes salary, bonus, incentives, perks, above-market returns on pay set aside for later and the value of stock options and restricted stock granted during the year. Scene Daily