Item 5.02 Departure of Directors or Certain Executive Officers; Election of


          Directors;
          Appointment of Certain Officers; Compensatory Arrangements of Certain
          Officers.

On October 13, 2021, the Board of Directors of Canterbury Park Holding Corporation (the "Company") approved, based on the recommendation of the Compensation Committee, increases in the annual base salaries of the Company's executive officers to the following amounts: Randall D. Sampson, President and Chief Executive Officer, $250,357, or an 8.5% merit increase; and Randy Dehmer, Senior Vice President of Finance and Chief Financial Officer, $210,000, or a 5% merit increase. The increase is effective the first pay period in July 2021. Mr. Sampson's adjusted base salary continues to be less than his pre-COVID-19 pandemic base salary of $270,000.

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