Paul L. Brooker

The meeting materials cover several key business areas for the corporation. Key topics include a contract modification request with Frost Brown Todd Gibbons for litigation services, various purchase requests for the upcoming fiscal year including finance, HR, and IT support services, and the acquisition of a new vehicle for the licensing division. Additionally, the agenda addresses the approval of sports wagering catalog recommendations, Kentucky Proud series fair schedules, track officials, and administrative proceedings regarding dismissal of a specific legal action.

The board meeting will address several key agenda items, including a request to modify a legal services personal service agreement, various purchase requests for the upcoming fiscal year, and the procurement of a new vehicle. Additionally, the board will review recommendations for a sports wagering catalog, the selection of an independent test laboratory, allotment requests from the KTDF, and the proposed race meet officials and date preference system for Churchill Downs Racetrack, LLC. The meeting will also include financial, thoroughbred, standardbred, veterinary, and sports wagering division reports.

The meeting materials cover several regulatory and operational items, including a request for approval of updates to the sports wagering catalog, featuring recommendations on various sporting events and leagues. Additionally, the board reviewed proposals for race meet officials and schedules for the Kentucky Proud Series and the WKY Development, LLC Spring Meet. Financial reports were also presented, including monthly statements and a summary of approved purchase requests for the fiscal year.

The committee convened to address numerous purchase requests, including contract renewals for Finance and HR services, media and advertising services for Kentucky-bred Thoroughbreds, data management and database hosting for the Kentucky Thoroughbred Breeders Incentive Fund, and office space leases. Additional agenda items included procurement for a new vehicle, equine necropsies, post-race laboratory testing, compliance and integrity services, database services, and IT project management. The committee also reviewed a contract modification for litigation services and received an informational update regarding Accounting and HR.

The document contains minutes from two meetings: October 28, 2025, and December 16, 2025, along with materials for a February 10, 2026, meeting. Key discussions in the October meeting included the approval of proposed conditions on licenses for live horse racing, simulcasting, and pari-mutuel wagering for 2026, and the approval of renewal applications for these licenses, including sports wagering. The Board also approved several Backside Improvement Fund requests for Turfway Park and Churchill Downs Racetrack, LLC, as well as amended Kentucky Thoroughbred Development Fund (KTDF) allotment requests. Additionally, the Board approved a request to increase KTOB registration fees and approved officials and the date preference system for Turfway Park's upcoming race meets. The December meeting focused heavily on administrative matters, including approving the 2026 Board Meeting Calendar, approving sports wagering catalog recommendations, approving independent test laboratories for 2026, and approving several sports wagering service provider license renewals. The December meeting also included ratification and approval of purchase requests for litigation services and general legal services following an executive session to discuss pending litigation. The document also references information related to a financial statement audit contract and a purchase request for a new SUV for the Veterinarian Division, though these appear related to meetings other than the primary minutes captured.