Park Hotels & Resorts Files 8-K on Jan 12 Event
Ticker: PK · Form: 8-K · Filed: Jan 16, 2024 · CIK: 1617406
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, executive-change, compensation
TL;DR
**Park Hotels & Resorts filed an 8-K, likely signaling a change in leadership or executive pay.**
AI Summary
Park Hotels & Resorts Inc. filed an 8-K on January 16, 2024, reporting an event that occurred on January 12, 2024. This filing is a standard disclosure under Item 5.02, which typically covers changes in management or compensatory arrangements. While the specific details of the event are not provided in this excerpt, investors should note that such filings often signal shifts in leadership or executive compensation, which can impact company strategy and financial performance.
Why It Matters
Changes in executive leadership or compensation can signal strategic shifts or financial health, directly influencing investor confidence and the company's future direction.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of an event, and without further details, it doesn't inherently indicate high risk.
Analyst Insight
Investors should look for subsequent filings or press releases from Park Hotels & Resorts Inc. that provide specific details about the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' to understand the full implications.
Key Players & Entities
- Park Hotels & Resorts Inc. (company) — the registrant filing the 8-K
- January 12, 2024 (date) — date of the earliest event reported
- January 16, 2024 (date) — date the 8-K was filed
- Delaware (company) — state of incorporation for Park Hotels & Resorts Inc.
- 001-37795 (dollar_amount) — Commission File Number
- 36-2058176 (dollar_amount) — IRS Employer Identification No.
- 1775 Tysons Blvd., 7th Floor, Tysons, VA 22102 (company) — address of principal executive offices
- (571) 302-5757 (dollar_amount) — Registrant's Telephone Number
FAQ
What is the purpose of this 8-K filing by Park Hotels & Resorts Inc.?
This 8-K filing is a 'Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934' and specifically relates to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' as per the ITEM INFORMATION.
When did the event reported in this 8-K filing occur?
The earliest event reported in this 8-K filing occurred on January 12, 2024.
What is the full legal name and address of the registrant?
The exact name of the registrant is Park Hotels & Resorts Inc., and its principal executive offices are located at 1775 Tysons Blvd., 7th Floor, Tysons, VA 22102.
What is the Commission File Number for Park Hotels & Resorts Inc.?
The Commission File Number for Park Hotels & Resorts Inc. is 001-37795.
What was the former name of Park Hotels & Resorts Inc. and when did the name change occur?
The former conformed name of the company was Hilton Worldwide, Inc., and the date of the name change was 20140820 (August 20, 2014).
Filing Stats: 899 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2024-01-16 07:01:28
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share PK New York Stock E
- $80,000 — mission on March 17, 2023, including an $80,000 annual cash retainer and a $140,000 ann
- $140,000 — g an $80,000 annual cash retainer and a $140,000 annual grant of restricted stock, each
Filing Documents
- pk-20240112.htm (8-K) — 28KB
- 0001617406-24-000002.txt ( ) — 156KB
- pk-20240112.xsd (EX-101.SCH) — 2KB
- pk-20240112_lab.xml (EX-101.LAB) — 25KB
- pk-20240112_pre.xml (EX-101.PRE) — 13KB
- pk-20240112_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. Park Hotels & Resorts Inc. Date: January 16, 2024 By: /s/ Sean M. Dell'Orto Sean M. Dell'Orto Executive Vice President, Chief Financial Officer and Treasurer