Frank Stallworth Lockhart was an American racing driver active in the 1920s, considered by many historians to be a legend in the sport on par with Jim Clark, 1960s British World Drivers' Champion. During a "remarkable if all too short" career, Lockhart won numerous races on both dirt and board tracks, and the 1926 Indianapolis 500. In all, he scored nine AAA championship race wins and two vice-championships in two years of competition. Having set a world land speed record at the Muroc dry lake in April 1927, Lockhart was killed during another speed record attempt at Daytona Beach a year later.

The 14th International 500-Mile Sweepstakes Race was held at the Indianapolis Motor Speedway on Monday, May 31, 1926. Louis Chevrolet drove the Chrysler pace car for the start.