Sabre Corp CFO Departs; CEO Takes Interim Role; New Directors Elected
Ticker: SABR · Form: 8-K · Filed: Oct 16, 2024 · CIK: 1597033
| Field | Detail |
|---|---|
| Company | Sabre Corp (SABR) |
| Form Type | 8-K |
| Filed Date | Oct 16, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $90,000, $160,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-departure, board-changes, interim-cfo
TL;DR
CFO out, CEO in as interim CFO at Sabre. Two new board members join.
AI Summary
Sabre Corporation announced on October 11, 2024, the departure of its Chief Financial Officer, Michael Randolfi, effective October 15, 2024. Concurrently, the company appointed Sean Menke, President and CEO, as interim CFO. Additionally, Sabre announced the election of two new directors, Steven S. Berns and David M. Johnson, to its Board of Directors, effective October 11, 2024.
Why It Matters
The departure of a CFO and the appointment of an interim successor can signal strategic shifts or financial scrutiny. The addition of new directors may indicate a board refreshment or a response to governance concerns.
Risk Assessment
Risk Level: medium — Changes in key financial leadership and board composition can introduce uncertainty regarding future strategy and financial performance.
Key Players & Entities
- Sabre Corporation (company) — Registrant
- Michael Randolfi (person) — Departing Chief Financial Officer
- October 15, 2024 (date) — Effective date of CFO departure
- Sean Menke (person) — President and CEO, Interim CFO
- Steven S. Berns (person) — Newly Elected Director
- David M. Johnson (person) — Newly Elected Director
- October 11, 2024 (date) — Effective date of director elections
FAQ
Who has been appointed as the interim Chief Financial Officer of Sabre Corporation?
Sean Menke, President and CEO of Sabre Corporation, has been appointed as the interim Chief Financial Officer.
When is Michael Randolfi's departure as CFO effective?
Michael Randolfi's departure as Chief Financial Officer is effective October 15, 2024.
How many new directors were elected to Sabre Corporation's Board of Directors?
Two new directors, Steven S. Berns and David M. Johnson, were elected to Sabre Corporation's Board of Directors.
What is Sabre Corporation's principal executive office address?
Sabre Corporation's principal executive office is located at 3150 Sabre Drive, Southlake, TX 76092.
What is the exact date of the earliest event reported in this Form 8-K?
The date of the earliest event reported in this Form 8-K is October 11, 2024.
Filing Stats: 870 words · 3 min read · ~3 pages · Grade level 10.4 · Accepted 2024-10-16 08:15:32
Key Financial Figures
- $90,000 — d to receive an annual cash retainer of $90,000, as well as an annual cash retainer for
- $160,000 — in each case with a grant date value of $160,000 and vesting in full on the first annive
Filing Documents
- d895939d8k.htm (8-K) — 26KB
- d895939dex991.htm (EX-99.1) — 7KB
- g895939dsp0001.jpg (GRAPHIC) — 3KB
- 0001193125-24-237864.txt ( ) — 158KB
- sabr-20241011.xsd (EX-101.SCH) — 3KB
- sabr-20241011_lab.xml (EX-101.LAB) — 17KB
- sabr-20241011_pre.xml (EX-101.PRE) — 11KB
- d895939d8k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES 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. Dated: October 16, 2024 Sabre Corporation By: /s/ Shawn Williams Name: Shawn Williams Title: Executive Vice President and Chief Administrative Officer