VIAD CORP Files 10-K for Fiscal Year Ended December 31, 2023

TL;DR

<b>VIAD CORP has filed its 2023 10-K report, detailing its financial performance and corporate structure.</b>

AI Summary

VIAD CORP (PRSU) filed a Annual Report (10-K) with the SEC on March 1, 2024. VIAD CORP filed its annual 10-K report for the fiscal year ending December 31, 2023. The company is incorporated in Delaware and headquartered in Scottsdale, Arizona. VIAD CORP operates within the Services-Business Services, NEC industry (SIC code 7389). The filing references various financial instruments and agreements, including credit facilities and pension funds. Key dates mentioned include August 4, 2020, for a convertible preferred stock event.

Why It Matters

For investors and stakeholders tracking VIAD CORP, this filing contains several important signals. This 10-K filing provides a comprehensive overview of VIAD CORP's financial health, operational activities, and risk factors for the fiscal year 2023, crucial for investors assessing the company's stability and future prospects. The detailed financial data and disclosures within the report are essential for understanding VIAD CORP's compliance with SEC regulations and its strategic positioning in the business services sector.

Risk Assessment

Risk Level: medium — VIAD CORP shows moderate risk based on this filing. The filing is a standard 10-K, which is a comprehensive report, but lacks specific financial performance metrics in the provided snippet, requiring further analysis of the full document to assess risk.

Analyst Insight

Investors should review the full 10-K filing to analyze VIAD CORP's financial statements, management discussion, and risk factors for a complete understanding of its business.

Key Numbers

• 20231231 — Fiscal Year End (CONFORMED PERIOD OF REPORT)
• 20240301 — Filed As Of Date (FILED AS OF DATE)
• 7389 — SIC Code (STANDARD INDUSTRIAL CLASSIFICATION)
• 0000884219 — Central Index Key (CENTRAL INDEX KEY)
• 2020-08-04 — Convertible Preferred Stock Date (us-gaap:ConvertiblePreferredStockMember)
• 2023-01-01 — Credit Facility Start Date (vvi:JasperCreditFacilityMember)
• 2023-12-31 — Credit Facility End Date (vvi:JasperCreditFacilityMember)
• 2022-12-31 — Fair Value Measurement Date (us-gaap:FairValueInputsLevel1Member)

Key Players & Entities

• VIAD CORP (company) — FILER
• SCOTTSDALE (company) — CITY
• DE (company) — STATE OF INCORPORATION
• DIAL CORP /DE/ (company) — FORMER COMPANY
• NEW DIAL CORP (company) — FORMER COMPANY
• Crestview Partners (company) — Member
• JasperCreditFacility (company) — Credit Facility
• FlyOverIcelandCreditFacility (company) — Credit Facility

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-03-01: Filing Date — Date VIAD CORP submitted its 10-K to the SEC.
• 1993-08-23: Name Change — Date of former company name change.
• 2020-08-04: Convertible Preferred Stock Event — Related to convertible preferred stock issuance or terms.

Key Financial Figures

• $1.50 — nge on which registered Common Stock, $1.50 Par Value VVI New York Stock Exchan

Filing Documents

• vvi-20231231.htm (10-K) — 5928KB
• vvi-ex4_b.htm (EX-4.B) — 61KB
• vvi-ex21.htm (EX-21) — 49KB
• vvi-ex23.htm (EX-23) — 4KB
• vvi-ex24.htm (EX-24) — 18KB
• vvi-ex31_1.htm (EX-31.1) — 10KB
• vvi-ex31_2.htm (EX-31.2) — 10KB
• vvi-ex32_1.htm (EX-32.1) — 12KB
• vvi-ex97.htm (EX-97) — 52KB
• img215051618_0.jpg (GRAPHIC) — 11KB
• img215051618_1.jpg (GRAPHIC) — 7KB
• img215051618_2.jpg (GRAPHIC) — 33KB
• img215051618_3.jpg (GRAPHIC) — 31KB
• img215051618_4.jpg (GRAPHIC) — 22KB
• img215051618_5.jpg (GRAPHIC) — 28KB
• img215051618_6.jpg (GRAPHIC) — 45KB
• img215051618_7.jpg (GRAPHIC) — 9KB
• img215051618_8.jpg (GRAPHIC) — 33KB
• img215051618_9.jpg (GRAPHIC) — 34KB
• img215051618_10.jpg (GRAPHIC) — 32KB
• 0000950170-24-023724.txt (&nbsp;) — 29318KB
• vvi-20231231.xsd (EX-101.SCH) — 3491KB
• vvi-20231231_htm.xml (XML) — 7086KB

Business

Business 2 Item 1A.

Risk Factors

Risk Factors 10 Item 1B. Unresolved Staff Comments 14 Item 1C. Cybersecurity 14 Item 2.

Properties

Properties 15 Item 3.

Legal Proceedings

Legal Proceedings 15 Item 4. Mine Safety Disclosures 15 Other. Information about our Executive Officers 16 Part II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 17 Item 6. Reserved 18 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 27 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 29 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 78 Item 9A.

Controls and Procedures

Controls and Procedures 78 Item 9B. Other Information 81 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 81 Part III Item 10. Directors, Executive Officers and Corporate Governance 82 Item 11.

Executive Compensation

Executive Compensation 82 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 82 Item 13. Certain Relationships and Related Transactions, and Director Independence 82 Item 14. Principal Accountant Fees and Services 82 Part IV Item 15. Exhibits and Financial Statement Schedules 82 Item 16. Form 10-K Summary 86 In this report, for periods presented, "we," "us," "our," "the Company," and "Viad Corp" refer to Viad Corp and its subsidiaries. PAR T I

Forward-Looking Statements

Forward-Looking Statements This Annual Report on Form 10-K ("2023 Form 10-K") contains a number of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may appear throughout this 2023 Form 10-K, including the following sections: " Business " (Part I, Item 1), " Risk Factors " (Part I, Item 1A), " Management's Discussion and Analysis of Financial Condition and Results of Operations " (Part II, Item 7), and " Quantitative and Qualitative Disclosures About Market Risk " (Part II, Item 7A). Words, and variations of words, such as "aim," "anticipate," "believe," "could," "deliver," "estimate," "expect," "intend," "may," "might," "outlook," "plan," "potential," "seek," "target," "will," and similar expressions are intended to identify our forward-looking statements. Similarly, statements that describe our business strategy, outlook, objectives, plans, initiatives, intentions, or goals also are forward-looking statements. These forward-looking statements are not historical facts and are subject to a host of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those in the forward-looking statements. Important factors that could cause actual results to differ materially from those described in our forward-looking statements include, but are not limited to, the following: general economic uncertainty in key global markets and a worsening of global economic conditions; travel industry disruptions; the impact of our overall level of indebtedness, as well as our financial covenants, on our operational and financial flexibility; seasonality of our businesses; unanticipated delays and cost overruns of our capital projects, and our ability to achieve established financial and strategic goals for such projects; the importance of key members of our account teams to our business relationships; our ability to manage our bus

B usiness

Item 1. B usiness We are a leading provider of extraordinary experiences, including hospitality and leisure activities, experiential marketing, and live events. Our mission is to drive significant and sustainable growth by delivering extraordinary experiences for our teams, clients, and guests. We operate through three reportable business segments: Pursuit, Spiro, and GES Exhibitions. Spiro and GES Exhibitions are both live event businesses and are referred to collectively as "GES." Pursuit is a collection of inspiring and unforgettable travel experiences that includes recreational attractions, hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services. Spiro is an experiential marketing agency that partners with leading brands around the world to manage and elevate their global experiential marketing activities. GES Exhibitions is a global exhibition services company that partners with leading exhibition and conference organizers as a full-service provider of strategic and logistics solutions to manage the complexity of their shows. Pursuit is a global attractions and hospitality company that owns and operates a collection of inspiring and unforgettable travel experiences in iconic destinations. Pursuit's mission is to connect guests and staff to iconic places through unforgettable inspiring experiences. From world-class attractions, distinctive hotels, and engaging tours in stunning national parks and renowned global travel locations, Pursuit's elevated attraction and hospitality experiences enable visitors to discover and connect with these iconic destinations. With a strategic direction to build an expanding portfolio of extraordinary experiences, Pursuit remains focused on refreshing, improving, and growing its collection in outstanding places around the globe. Pursuit draws its guests from major markets, including the United States, Canada, China, the United Kingdom, Australia/New Zealand, Asia Pacific, and Europe

View Full Filing

View this 10-K filing on SEC EDGAR