Private company

Drive Shack Inc.

American retail-eating and drinking places company based in New York²

In its 2022 annual report the company says: “The Company owns and operates golf-related leisure and entertainment venues and courses focused on bringing people together through competitive socializing, by combining sports and entertainment with elevated food and beverage offerings.”⁵¹

Last updated Oct 20, 2026.

Overview

IndustryRetail-Eating & Drinking Places²
HeadquartersNew York, United States²
Incorporated inMD³
Business address10670 N. Central Expressway, Suite 700, Dallas, Tx 75231³
Filer categoryAccelerated filer³
Legal formINCORPORATED²
LEI549300BOELL93IDPTJ73²
StatusActive²
LEI statusLapsed (not renewed)²
Registered addressC/O The Corporation Trust Incorporated, 21201 Baltimore, United States²

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

-7.3%Operating margin⁴

-11.1%Net margin⁴

-110.5%Return on equity⁴

Where the money goes

Where each dollar of revenue went, fiscal 2021

Other costs

Cost of revenue5¢$12.8M
Other costs91¢$256.6M
Interest4¢$10.7M
Income tax1¢$1.8M

Out of $281.9M in revenue.⁴ The company lost money this year.

Where each dollar of operating cash went, fiscal 2021

Kept or used elsewhere

Kept or used elsewhere100¢$254.0K

Out of $254.0K of cash from operations.⁴

Financial statements

Fiscal year	2021
Revenue	$281.9M⁴
Cost of revenue	$12.8M⁴
Operating expenses	$302.5M⁴
Operating income	-$20.6M⁴
Interest	$10.7M⁴
Income before tax	-$30.0M⁴
Income tax	$1.8M⁴
Net income	-$31.4M⁴
Earnings per share	-$0.41⁴
Earnings per share (diluted)	-$0.41⁴
Shares (weighted, basic)	89.7M shares⁴
Shares (weighted, diluted)	89.7M shares⁴

Fiscal year	2021
Cash	$58.3M⁴
Receivables	$5.6M⁴
Inventory	$2.2M⁴
Current assets	$100.8M⁴
Intangible assets	$13.4M⁴
Total assets	$482.8M⁴
Current liabilities	$110.7M⁴
Total liabilities	$452.9M⁴
Retained earnings	-$3.3B⁴
Shareholders’ equity	$28.4M⁴
Shares outstanding	92.1M shares⁴

Fiscal year	2021
Cash from operations	$254.0K⁴
Depreciation and amortization	$24.0M⁴
Stock-based compensation	$2.1M⁴
Cash from investing	-$32.6M⁴
Cash from financing	$44.1M⁴

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Corporate structure

Drive Shack Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Drive Shack Inc.

Nantahala Capital Management, LLC Filed SC 13G on Drive Shack Inc., latest Feb 14, 2023
Wesley R. Edens Filed SC 13D/A on Drive Shack Inc., latest May 20, 2022
American Assets Capital Advisers, LLC Filed SC 13G/A on Drive Shack Inc., latest Feb 17, 2022 (2 filings since Feb 14, 2022)
PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on Drive Shack Inc., latest Feb 14, 2022

Drive Shack Inc. New York, New York, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Drive Shack Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Finance-lease assets	$14.3M⁴ Dec 31, 2021	$19.0M⁷ Dec 31, 2020	−25.0%
Operating-lease assets (leased space)	$181.9M⁴ Dec 31, 2021	$192.8M⁴ Dec 31, 2020	−5.7%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$58.3M⁴ Dec 31, 2021	$47.8M⁴ Dec 31, 2020	+22.0%
Marketable securities, current	$3.5M⁴ Dec 31, 2021	$3.2M⁴ Dec 31, 2020	+8.2%
Debt securities available for sale	$3.5M⁴ Dec 31, 2021	$3.2M⁴ Dec 31, 2020	+8.2%
Stakes in other companies (equity method)	$0⁴ Dec 31, 2021	$24.0M⁴ Dec 31, 2020	−100.0%

Intangibles and goodwill

Item	Latest	A year before	Change
Intangible assets, net (excluding goodwill)	$13.4M⁴ Dec 31, 2021	$15.1M⁴ Dec 31, 2020	−11.2%
Indefinite-lived intangibles (excluding goodwill)	$982.0K⁴ Dec 31, 2021	$1.0M⁷ Dec 31, 2020	−4.5%
Accumulated amortization	$21.6M⁴ Dec 31, 2021	$23.9M⁴ Dec 31, 2020	−9.7%
Finite-lived intangibles, net	$12.4M⁴ Dec 31, 2021	$14.1M⁷ Dec 31, 2020	−11.7%

Inventory

Item	Latest	A year before	Change
Inventory, total	$2.2M⁴ Dec 31, 2021	$1.9M⁴ Dec 31, 2020	+14.3%

Leadership

Who has led Drive Shack Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

President

Chief financial officer

Chief operating officer

2010201520202025

Chief executive officerSarah Watterson Sep 30, 2016 to Apr 12, 2018⁸
Chief executive officerKenneth M. Riis May 18, 2007 to Nov 13, 2015⁹
PresidentHana Khouri Aug 15, 2019 to May 18, 2022¹⁰
PresidentSarah Watterson Sep 30, 2016 to Apr 12, 2018⁸
PresidentKenneth M. Riis Apr 27, 2006 to Nov 13, 2015¹¹
Chief financial officerDavid Hammarley Nov 19, 2018 to Apr 15, 2019¹²
Chief financial officerLawrence A. Goodfield Jr. Sep 30, 2016 to Jun 5, 2020¹³
Chief financial officerJustine Cheng Mar 10, 2014 to Mar 10, 2014¹⁴
Chief financial officerBrian Chad Sigman Aug 15, 2008 to Apr 16, 2013¹⁵
Chief financial officerDebra Ann Hess Feb 21, 2006 to May 18, 2007¹⁶
Chief operating officerSara A. Yakin Sep 30, 2016 to Apr 12, 2018¹⁷
Chief operating officerJustine Cheng Mar 10, 2014 to Mar 10, 2014¹⁴
Chief operating officerJonathan Ashley May 9, 2006 to Jun 5, 2012¹⁸

Board members and other officers (16)

CAO & TreasurerLawrence A. Goodfield Jr. Apr 24, 2019 to Nov 6, 2020¹⁹
Interim CAOEun Nam Apr 5, 2016 to Apr 5, 2016²⁰
Principal Accounting OfficerJulien Hontang Aug 20, 2014 to Aug 20, 2014²¹
SecretaryRandal A. Nardone May 16, 2006 to Mar 12, 2015²²
CIOPhillip Evanski Aug 8, 2006 to Sep 26, 2011²³
Board memberBenjamin M. Crane Jul 10, 2019 to Dec 23, 2020²⁴
Board memberVirgis Colbert Jul 10, 2019 to Oct 3, 2019²⁵
Board memberWilliam J. Clifford Sep 5, 2018 to Dec 30, 2020²⁶
Board memberClifford Press Feb 5, 2016 to Dec 23, 2020²⁷
Board memberRandal A. Nardone Jun 24, 2013 to Jun 24, 2013²⁸
Board memberAlan L. Tyson Dec 5, 2011 to Dec 28, 2017²⁹
Board memberKenneth M. Riis May 18, 2007 to Oct 5, 2017⁹
Board memberPeter Marcussen Miller May 3, 2006 to Jun 7, 2011³⁰
Board memberDavid K. McKown Jun 28, 2006 to May 31, 2017³¹
Board memberKevin J. Finnerty Jun 28, 2006 to Dec 26, 2018³²
Board memberStuart A. McFarland Jun 28, 2006 to Mar 17, 2021³³

Former names

NEWCASTLE INVESTMENT CORPJun 14, 2002 to Dec 22, 2016³

Timeline

Dec 14, 20228-K Listing notice or transfer³⁴
Nov 21, 20228-K Results of operations³⁵
Nov 21, 20228-K Listing notice or transfer³⁶
Oct 11, 20228-K Listing notice or transfer³⁷
Aug 9, 20228-K Results of operations³⁸
May 20, 20228-K Shareholder vote³⁹
May 17, 20228-K Change to shareholders' rights⁴⁰
May 10, 20228-K Results of operations⁴¹
Apr 6, 20228-K Executive or director change⁴²
Mar 18, 20228-K Results of operations⁴³
Mar 11, 20228-K Results of operations⁴⁴
Dec 30, 20218-K Executive or director change⁴⁵
Sep 30, 2016New chief executive Sarah Watterson becomes CEO⁸
May 18, 2007New chief executive Kenneth M. Riis becomes CEO⁹

Calendar

When it reported results

Nov 21, 2022Reported quarterly or annual results³⁵
Aug 9, 2022Reported quarterly or annual results³⁸
May 10, 2022Reported quarterly or annual results⁴¹
Mar 18, 2022Reported quarterly or annual results⁴³
Mar 11, 2022Reported quarterly or annual results⁴⁴
Nov 8, 2021Reported quarterly or annual results⁴⁶

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

42 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 13 major events, 3 insider forms, 7 large holders, 11 other. The latest 20:

Feb 14, 2023SC 13G EDGAR
Jan 4, 2023EFFECT EDGAR
Jan 3, 202315-12G EDGAR
Jan 3, 2023S-8 POS EDGAR
Jan 3, 2023POS AM EDGAR
Dec 23, 202225 EDGAR
Dec 14, 20228-K EDGAR
Nov 21, 202210-Q EDGAR
Nov 21, 202210-Q/A EDGAR
Nov 21, 202210-Q/A EDGAR
Nov 21, 202210-K/A EDGAR
Nov 21, 20228-K EDGAR
Nov 21, 20228-K EDGAR
Nov 10, 2022NT 10-Q EDGAR
Oct 11, 20228-K EDGAR
Aug 9, 202210-Q EDGAR
Aug 9, 20228-K EDGAR
Jul 8, 2022SC 13G EDGAR
May 20, 2022SC 13D/A EDGAR
May 20, 20228-K EDGAR

The 42 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

5 open-market trades by officers, directors and large owners since October 2021: 5 buys and 0 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
May 16, 2022	KHOURI HANAPresident	Buy	14,500	$1.73	$25.1K	Form 4
May 16, 2022	EDENS WESLEY RDirector	Buy	604,549	$1.67	$1.0M	Form 4
May 13, 2022	EDENS WESLEY RDirector	Buy	1,395,451	$1.41	$2.0M	Form 4
May 12, 2022	EDENS WESLEY RDirector	Buy	1,011,595	$1.18	$1.2M	Form 4
May 11, 2022	EDENS WESLEY RDirector	Buy	988,405	$1.09	$1.1M	Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Nantahala Capital Management, LLCSC 13G, 1 filing Feb 14, 2023⁴⁷
Wesley R. EdensSC 13D/A, 1 filing May 20, 2022⁴⁸
American Assets Capital Advisers, LLCSC 13G/A, 2 filings Feb 14, 2022 to Feb 17, 2022⁴⁹
PRICE T ROWE ASSOCIATES INC /MD/SC 13G/A, 1 filing Feb 14, 2022⁵⁰

SEC filer profile

How Drive Shack Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARDrive Shack Inc.¹
CIK0001175483
Employer ID (EIN)81-0559116¹
Filer statusAccelerated filer¹
Incorporated inMaryland¹
Fiscal year endsDecember 31¹
Industry code (SIC)5810 Retail-Eating & Drinking Places¹
Business address10670 N. Central Expressway, Suite 700, Dallas, TX 75231¹
Phone646-585-5591¹
Shares outstanding92,385,019 as of Nov 17, 2022⁶
Public float$304.8M as of Jun 30, 2021⁴
On EDGAR sinceJun 14, 2002¹
Filings921 in all: 4 (299), 8-K (209), 10-Q (61), SC 13G/A (34), UPLOAD (27), SC 13G (26), 424B5 (25), 3 (23)¹
All 51 form types
CORRESP (21), 10-K (20), DEF 14A (20), SC 13D/A (18), ABS-15G (11), S-11/A (10), 4/A (9), 424B2 (9), 8-A12B (9), DEFA14A (9), ARS (8), EFFECT (6), S-3 (6), SC 13D (6), CERTNYS (5), FWP (5), 25-NSE (4), 424B3 (3), PRE 14A (3), S-11 (3), SC TO-I/A (3), 10-K/A (2), 10-Q/A (2), 424B1 (2), CERT (2), S-3ASR (2), SC TO-C (2), SC TO-I (2), 144 (1), 15-12G (1), 25 (1), 3/A (1), 424B4 (1), 5 (1), 8-A12B/A (1), NT 10-K (1), NT 10-Q (1), POS AM (1), POSASR (1), S-11MEF (1), S-3/A (1), S-8 (1), S-8 POS (1)
Latest filingsAnnual report (10-K) Mar 18, 2022
Quarterly report (10-Q) Nov 21, 2022
Proxy statement (DEF 14A) Apr 19, 2022
Latest 8-K (8-K) Dec 14, 2022

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARDrive Shack Inc. filings on SEC EDGAR
2
GLEIFDrive Shack Inc. LEI record (549300BOELL93IDPTJ73)
3
SEC EDGARDrive Shack Inc. filings on SEC EDGAR
4
SEC EDGARDrive Shack Inc. 10-K for fiscal 2021
5
SEC EDGARDrive Shack Inc. 10-Q for fiscal 2022
6
SEC EDGARDrive Shack Inc. 10-Q for fiscal 2022
7
SEC EDGARDrive Shack Inc. 10-K for fiscal 2020
8
SEC EDGARSarah Watterson, Chief executive officer
9
SEC EDGARKenneth M. Riis, Chief executive officer
10
SEC EDGARHana Khouri, President
11
SEC EDGARKenneth M. Riis, President
12
SEC EDGARDavid Hammarley, Chief financial officer
13
SEC EDGARLawrence A. Goodfield Jr., Chief financial officer
14
SEC EDGARJustine Cheng, Chief financial officer
15
SEC EDGARBrian Chad Sigman, Chief financial officer
16
SEC EDGARDebra Ann Hess, Chief financial officer
17
SEC EDGARSara A. Yakin, Chief operating officer
18
SEC EDGARJonathan Ashley, Chief operating officer
19
SEC EDGARLawrence A. Goodfield Jr., CAO & Treasurer
20
SEC EDGAREun Nam, Interim CAO
21
SEC EDGARJulien Hontang, Principal Accounting Officer
22
SEC EDGARRandal A. Nardone, Secretary
23
SEC EDGARPhillip Evanski, CIO
24
SEC EDGARBenjamin M. Crane, Board member
25
SEC EDGARVirgis Colbert, Board member
26
SEC EDGARWilliam J. Clifford, Board member
27
SEC EDGARClifford Press, Board member
28
SEC EDGARRandal A. Nardone, Board member
29
SEC EDGARAlan L. Tyson, Board member
30
SEC EDGARPeter Marcussen Miller, Board member
31
SEC EDGARDavid K. McKown, Board member
32
SEC EDGARKevin J. Finnerty, Board member
33
SEC EDGARStuart A. McFarland, Board member
34
SEC EDGARListing notice or transfer
35
SEC EDGARResults of operations
36
SEC EDGARListing notice or transfer
37
SEC EDGARListing notice or transfer
38
SEC EDGARResults of operations
39
SEC EDGARShareholder vote
40
SEC EDGARChange to shareholders' rights
41
SEC EDGARResults of operations
42
SEC EDGARExecutive or director change
43
SEC EDGARResults of operations
44
SEC EDGARResults of operations
45
SEC EDGARExecutive or director change
46
SEC EDGARDrive Shack Inc. 8-K, Item 2.02 (results of operations)
47
SEC EDGARNantahala Capital Management, LLC SC 13G on Drive Shack Inc.
48
SEC EDGARWesley R. Edens SC 13D/A on Drive Shack Inc.
49
SEC EDGARAmerican Assets Capital Advisers, LLC SC 13G/A on Drive Shack Inc.
50
SEC EDGARPRICE T ROWE ASSOCIATES INC /MD/ SC 13G/A on Drive Shack Inc.
51
SEC EDGARDrive Shack Inc. filing with the SEC