Hollywood Park Stock Is Sold by Everett

Marje Everett, once the largest shareholder in Hollywood Park, sold a large chunk of her holdings in the track last month, according to Securities and Exchange Commission records.

The records show that during a four-day period in early February, Everett privately sold 500,000 shares of stock. The sale price ranged from $13.81 to $17.06, which meant the stock brought $6.9 million to $8.5 million.

Everett, 71, had been a director of Hollywood Park from 1972 until 1991, when she was ousted as the track’s chief executive after a proxy fight with R.D. Hubbard that cost shareholders an estimated $10 million.

Hubbard, chairman and chief operating officer of the track, is the top shareholder with about 15.6% of the company, according to a prospectus issued by Hollywood Park a month ago. Everett’s investment has shrunk from 8.9% to less than 3%.

Contacted Monday, Everett declined to discuss her track holdings.

With heavy trading, Hollywood Park’s stock has posted sizable gains in recent weeks. After being at a low of 7 in the last year, the stock was up 2 points Tuesday, closing at 19 1/4.

Jeremy Jacobs, the Buffalo concessionaire who owned 6.5% of Hollywood Park, sold all of his holdings recently. Jacobs’ stock was reportedly sold to a New York venture-capital investment company.