Wyndham Hotels & Resorts Announces 2024 Annual Meeting of Stockholders

Ticker: WH · Form: DEF 14A · Filed: Mar 14, 2024 · CIK: 1722684

Wyndham Hotels & Resorts, Inc. DEF 14A Filing Summary
FieldDetail
CompanyWyndham Hotels & Resorts, Inc. (WH)
Form TypeDEF 14A
Filed DateMar 14, 2024
Risk Levellow
Pages16
Reading Time19 min
Key Dollar Amounts$3.41, $4.01, $289 m, $341 m, $659 million
Sentimentbullish

Sentiment: bullish

Topics: Wyndham Hotels, Annual Meeting, Proxy Statement, RevPAR Growth, Development Pipeline

TL;DR

<b>Wyndham Hotels & Resorts reported strong 2023 financial and operational results, driven by strategic execution and sustained demand, with record growth in rooms and development pipeline.</b>

AI Summary

WYNDHAM HOTELS & RESORTS, INC. (WH) filed a Proxy Statement (DEF 14A) with the SEC on March 14, 2024. Global RevPAR grew 5% year-over-year in constant currency, reaching 16% above 2019 levels. System-wide rooms grew organically by 3.5% year-over-year, a record level. Global development pipeline increased by 10% year-over-year to a record 240,000 rooms. Achieved a record-high global franchisee retention rate of 95.6%. Opened 500 hotels and introduced 13 brands in 24 new countries.

Why It Matters

For investors and stakeholders tracking WYNDHAM HOTELS & RESORTS, INC., this filing contains several important signals. The company's focus on select-service economy and midscale segments, coupled with sustained demand from leisure and business travelers, fueled significant RevPAR growth. Record organic room growth and expansion of the development pipeline indicate strong future expansion potential and market penetration.

Risk Assessment

Risk Level: low — WYNDHAM HOTELS & RESORTS, INC. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate negative financial or operational disclosures.

Analyst Insight

Review the proposals and director nominations for the upcoming annual meeting to understand management's strategic direction and governance.

Key Numbers

  • 5% — Global RevPAR Growth (Year-over-year in constant currency)
  • 16% — RevPAR Growth vs. 2019 (Above pre-Covid levels)
  • 3.5% — System-wide Rooms Growth (Organic year-over-year)
  • 240,000 — Global Development Pipeline Rooms (Record number of rooms)
  • 10% — Global Development Pipeline Growth (Year-over-year)
  • 95.6% — Global Franchisee Retention Rate (Record high)
  • 500 — Hotels Opened (In 2023)
  • 13 — Brands Introduced (In 24 new countries)

Key Players & Entities

  • Wyndham Hotels & Resorts, Inc. (company) — Registrant name
  • 2024 (date) — Annual meeting year
  • April 19, 2024 (date) — Annual meeting date
  • 9:00 a.m. Eastern Time (time) — Annual meeting time
  • 22 Sylvan Way, Parsippany, New Jersey 07054 (location) — Meeting location
  • 2023 (date) — Reporting year for results
  • Owner-First™ (trademark) — Company approach

FAQ

When did WYNDHAM HOTELS & RESORTS, INC. file this DEF 14A?

WYNDHAM HOTELS & RESORTS, INC. filed this Proxy Statement (DEF 14A) with the SEC on March 14, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by WYNDHAM HOTELS & RESORTS, INC. (WH).

Where can I read the original DEF 14A filing from WYNDHAM HOTELS & RESORTS, INC.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by WYNDHAM HOTELS & RESORTS, INC..

What are the key takeaways from WYNDHAM HOTELS & RESORTS, INC.'s DEF 14A?

WYNDHAM HOTELS & RESORTS, INC. filed this DEF 14A on March 14, 2024. Key takeaways: Global RevPAR grew 5% year-over-year in constant currency, reaching 16% above 2019 levels.. System-wide rooms grew organically by 3.5% year-over-year, a record level.. Global development pipeline increased by 10% year-over-year to a record 240,000 rooms..

Is WYNDHAM HOTELS & RESORTS, INC. a risky investment based on this filing?

Based on this DEF 14A, WYNDHAM HOTELS & RESORTS, INC. presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate negative financial or operational disclosures.

What should investors do after reading WYNDHAM HOTELS & RESORTS, INC.'s DEF 14A?

Review the proposals and director nominations for the upcoming annual meeting to understand management's strategic direction and governance. The overall sentiment from this filing is bullish.

How does WYNDHAM HOTELS & RESORTS, INC. compare to its industry peers?

Wyndham Hotels & Resorts operates in the hospitality industry, focusing on select-service economy and midscale hotel segments.

Are there regulatory concerns for WYNDHAM HOTELS & RESORTS, INC.?

The filing is a Schedule 14A (DEF 14A) under the Securities Exchange Act of 1934, requiring public companies to provide detailed information to shareholders for annual meetings.

Industry Context

Wyndham Hotels & Resorts operates in the hospitality industry, focusing on select-service economy and midscale hotel segments.

Regulatory Implications

The filing is a Schedule 14A (DEF 14A) under the Securities Exchange Act of 1934, requiring public companies to provide detailed information to shareholders for annual meetings.

What Investors Should Do

  1. Review the proposals to be voted on at the annual meeting.
  2. Examine the director nominations and qualifications presented by the Board.
  3. Note the company's reported financial and operational achievements for 2023.

Key Dates

  • 2024-04-19: 2024 Annual Meeting of Stockholders — Key date for shareholder voting and governance decisions.

Year-Over-Year Comparison

This is the initial filing for the 2024 proxy statement, providing details on the upcoming annual meeting and a summary of 2023 performance.

Filing Stats: 4,842 words · 19 min read · ~16 pages · Grade level 11.8 · Accepted 2024-03-14 06:11:36

Key Financial Figures

  • $3.41 — livery of diluted earnings per share of $3.41 and adjusted diluted earnings per share
  • $4.01 — adjusted diluted earnings per share of $4.01. For 2023, net income was $289 million,
  • $289 m — hare of $4.01. For 2023, net income was $289 million, adjusted net income was $341 mil
  • $341 m — s $289 million, adjusted net income was $341 million, and adjusted EBITDA was $659 mil
  • $659 million — s $341 million, and adjusted EBITDA was $659 million. Net cash provided by operating activit
  • $376 m — sh provided by operating activities was $376 million, and free cash flow was $339 mill
  • $339 million — as $376 million, and free cash flow was $339 million in 2023. We also returned $515 million
  • $515 million — $339 million in 2023. We also returned $515 million to our stockholders in 2023, including
  • $118 million — in 2023, including dividend payments of $118 million and stock repurchases of $397 million.
  • $397 million — f $118 million and stock repurchases of $397 million. This highlights your Board's continued

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 35 Compensation Discussion and Analysis 35 Compensation Committee Report 53 2023 Summary Compensation Table 54 2023 All Other Compensation Table 55 2023 Grants of Plan-Based Awards Table 56 Outstanding Equity Awards at 2023 Fiscal Year-End Table 57 2023 Option Exercises and Stock Vested Table 59 2023 Nonqualified Deferred Compensation Table 60 Agreements with Named Executive Officers 61 Potential Payments on Termination or Change in Control 65 2023 Pay Ratio Disclosure 67 Pay Versus Performance 68 Related Party Transactions 72 PROPOSAL NO. 2: ADVISORY VOTE ON EXECUTIVE COMPENSATION 73

Executive Compensation Program

Executive Compensation Program 73 Recommendation for Approval 74 PROPOSAL NO. 3: RATIFICATION OF THE APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 75 Disclosure About Fees 75 Pre-Approval of Audit and Non-Audit Services 76 ADDITIONAL INFORMATION 77 Information about this Solicitation 77 Householding Information 77 Stockholder List 77 Internet Availability 77 APPENDIX A: Non-GAAP Financial Information and Forward-Looking Statements A-1 ii Table of Contents WYNDHAM HOTELS & RESORTS, INC. PROXY STATEMENT This Proxy Statement is being provided to you at the request of the Board of Directors of Wyndham Hotels & Resorts, Inc. (the "Board") in connection with the solicitation of proxies by the Board and to encourage you to vote your shares at our 2024 Annual Meeting of Stockholders (including any postponements, adjournments or continuations thereof, the "Annual Meeting"). This Proxy Statement contains information on matters that will be presented at the Annual Meeting and is provided to assist you in voting your shares. References in this Proxy Statement to "we," "us," "our," "Wyndham Hotels," "Wyndham" and the "Company" refer to Wyndham Hotels & Resorts, Inc. and our consolidated subsidiaries. The 2023 Annual Report on Form 10 -K for the year ended December 31, 2023 ("2023 Form 10 -K "), the Notice of Annual Meeting, this Proxy Statement and the accompanying form of proxy card are first being sent to stockholders of record as of March 11, 2024, on or about March 14, 2024. Annual Meeting Details Date and Time Place: 9:00 a.m. Eastern Time on Friday, April 19, 2024 Wyndham Hotels & Resorts, Inc., 22 Sylvan Way, Parsippany, New Jersey 07054 Meeting Agenda and Voting Recommendations Proposal Board Recommendation 1. Election of eight Director nominees for a term expiring at the 2025 Annual Meeting of Stockholders FOR ALL eight nominees recommended by your Board 2. Advisory vote to approve named e

View Full Filing

View this DEF 14A filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.