Hilton Worldwide Holdings Inc. Announces Board and Executive Changes

TL;DR

Hilton's board and exec comp got a shake-up. New directors in, exec pay details out.

AI Summary

Hilton Worldwide Holdings Inc. announced on December 10, 2024, changes in its board of directors and executive compensation. Specifically, the company elected new directors and appointed certain officers, alongside updates to their compensatory arrangements. The filing details these corporate governance and compensation adjustments.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — This filing pertains to routine corporate governance and executive appointments, not a material financial event.

Key Players & Entities

• Hilton Worldwide Holdings Inc. (company) — Registrant
• December 10, 2024 (date) — Date of Earliest Event Reported
• Delaware (jurisdiction) — State of Incorporation
• 7930 Jones Branch Drive, Suite 1100, McLean, Virginia 22102 (address) — Principal Executive Offices
• 703-883-1000 (phone_number) — Registrant's Telephone Number

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share HLT New York Stock

Filing Documents

• hlt-20241210.htm (8-K) — 24KB
• 0001585689-24-000199.txt ( ) — 149KB
• hlt-20241210.xsd (EX-101.SCH) — 2KB
• hlt-20241210_lab.xml (EX-101.LAB) — 23KB
• hlt-20241210_pre.xml (EX-101.PRE) — 13KB
• hlt-20241210_htm.xml (XML) — 3KB

From the Filing

hlt-20241210 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): December 10, 2024 Hilton Worldwide Holdings Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-36243 27-4384691 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 7930 Jones Branch Drive , Suite 1100 , McLean , Virginia 22102 (Address of Principal Executive Offices) (Zip Code) ( 703 ) 883-1000 (Registrant's Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value per share HLT New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 10, 2024, Michael W. Duffy notified Hilton Worldwide Holdings Inc. (the "Company") of his resignation as Senior Vice President, Chief Accounting and Risk Officer, effective February 7, 2025, to pursue an opportunity outside of the Company. Mr. Duffy's departure is not due to any disagreement on any matter relating to the Company's financial statements, internal control over financial reporting, operations, policies, or practices. Mr. Duffy will continue to serve as the Company's principal accounting officer through the date of his departure. Upon Mr. Duffy's departure, Misha Moylan, 40, will assume the responsibilities of the Company's principal accounting officer in the role of Senior Vice President, Chief Accounting Officer. Mr. Moylan has been with the Company since 2010 and is currently Senior Vice President, Internal Audit and Enterprise Risk Management. He has served as head of Internal Audit since September 2019. Prior to that, he served in a variety of finance and accounting roles. There is no arrangement or understanding between Mr. Moylan and any other person pursuant to which Mr. Moylan was selected for this role, nor does he have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Mr. Moylan has no family relationships with any of the Company's current directors or executive officers. 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. HILTON WORLDWIDE HOLDINGS INC. By: /s/ Kevin J. Jacobs Name: Kevin J. Jacobs Title: Chief Financial Officer and President, Global Development Date: December 13, 2024

View Full Filing

View this 8-K filing on SEC EDGAR