Expedia Group Announces Board and Executive Compensation Changes
Ticker: EXPE · Form: 8-K · Filed: Dec 19, 2024 · CIK: 1324424
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: EXPE
TL;DR
Expedia's board is changing, and exec pay plans are updated.
AI Summary
Expedia Group, Inc. announced on December 18, 2024, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory plans for key executives.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and compensation adjustments, which are typical for public companies and do not inherently indicate significant financial risk.
Key Players & Entities
- Expedia Group, Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- 1111 Expedia Group Way W. (address) — Principal executive offices
- Seattle, Washington (location) — Principal executive offices location
- December 18, 2024 (date) — Date of earliest event reported
FAQ
What specific items are being reported under Item 5.02 of the 8-K?
Item 5.02 of the 8-K reports the departure of directors or certain officers, election of directors, and appointment of certain officers, as well as compensatory arrangements of certain officers.
What is the date of the earliest event reported in this Form 8-K?
The date of the earliest event reported is December 18, 2024.
What is the principal executive office address for Expedia Group, Inc.?
The principal executive office address is 1111 Expedia Group Way W., Seattle, Washington 98119.
What is the Standard Industrial Classification code for Expedia Group, Inc.?
The Standard Industrial Classification code for Expedia Group, Inc. is TRANSPORTATION SERVICES [4700].
What is the SEC file number for Expedia Group, Inc.?
The SEC file number for Expedia Group, Inc. is 001-37429.
Filing Stats: 1,438 words · 6 min read · ~5 pages · Grade level 10.7 · Accepted 2024-12-19 16:11:14
Key Financial Figures
- $0.0001 — nge on which registered Common stock, $0.0001 par value EXPE Nasdaq Stock Market LL
- $1,000,000, b — l will receive an annual base salary of $1,000,000, beginning on the Start Date. Signing Bo
- $3,000,000 — ive an initial signing bonus payment of $3,000,000 on the Start Date and an additional sig
- $2,200,000 — an additional signing bonus payment of $2,200,000 on December 15, 2025, subject to his co
- $10,000,000 — al equity awards with a target value of $10,000,000, in a form generally consistent with an
Filing Documents
- expe-20241218.htm (8-K) — 41KB
- a101cfoemploymentagreeme.htm (EX-10.1) — 53KB
- a991cfopressrelease.htm (EX-99.1) — 6KB
- a101cfoemploymentagreeme001.jpg (GRAPHIC) — 305KB
- a101cfoemploymentagreeme002.jpg (GRAPHIC) — 250KB
- a101cfoemploymentagreeme003.jpg (GRAPHIC) — 173KB
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- a101cfoemploymentagreeme005.jpg (GRAPHIC) — 304KB
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- a101cfoemploymentagreeme007.jpg (GRAPHIC) — 293KB
- a101cfoemploymentagreeme008.jpg (GRAPHIC) — 321KB
- a101cfoemploymentagreeme009.jpg (GRAPHIC) — 286KB
- a101cfoemploymentagreeme010.jpg (GRAPHIC) — 241KB
- a101cfoemploymentagreeme011.jpg (GRAPHIC) — 303KB
- a101cfoemploymentagreeme012.jpg (GRAPHIC) — 273KB
- a101cfoemploymentagreeme013.jpg (GRAPHIC) — 44KB
- a991cfopressrelease001.jpg (GRAPHIC) — 170KB
- a991cfopressrelease002.jpg (GRAPHIC) — 175KB
- a991cfopressrelease003.jpg (GRAPHIC) — 42KB
- 0001324424-24-000056.txt ( ) — 5515KB
- expe-20241218.xsd (EX-101.SCH) — 2KB
- expe-20241218_def.xml (EX-101.DEF) — 14KB
- expe-20241218_lab.xml (EX-101.LAB) — 25KB
- expe-20241218_pre.xml (EX-101.PRE) — 15KB
- expe-20241218_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. A copy of the press release announcing Mr. Schenkel's appointment is furnished as Exhibit 99.1 hereto. Pursuant to General Instruction B.2. to Form 8-K, the information set forth in this Item 7.01 and in the accompanying Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities of that section, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Employment Agreement Between Scott Schenkel and Expedia, Inc., effective December 18, 2024 99.1 Press Release, dated December 19, 2024, announcing CFO Appointment 104 Cover Page Interactive Data File, formatted in Inline XBRL SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EXPEDIA GROUP, INC. By: /s/ Robert Dzielak Robert Dzielak Chief Legal Officer Dated: December 19, 2024