Wyndham Hotels Proxy Statement Filed

TL;DR

Wyndham proxy filed for April 19th meeting - vote on exec pay & board.

AI Summary

Wyndham Hotels & Resorts, Inc. filed its definitive proxy statement on March 14, 2024, for its annual meeting on April 19, 2024. The filing, subject to the 1934 Securities Exchange Act, outlines the company's governance and shareholder matters. Key details regarding executive compensation, director nominations, and other corporate actions will be presented to shareholders for a vote.

Why It Matters

This filing is crucial for shareholders as it details the proposals they will vote on, including executive compensation and board elections, directly impacting the company's future direction and governance.

Risk Assessment

Risk Level: low — This is a routine proxy filing, not indicating any immediate financial distress or significant new risks.

Key Numbers

• 1934 — SEC Act (Governing legislation for the filing)

Key Players & Entities

• WYNDHAM HOTELS & RESORTS, INC. (company) — Registrant
• 0001213900-24-022349 (filing_id) — Accession Number
• 20240314 (date) — Filing Date
• 20240419 (date) — Meeting Date

FAQ

From the Filing

0001213900-24-022349.txt : 20240314 0001213900-24-022349.hdr.sgml : 20240314 20240314061136 ACCESSION NUMBER: 0001213900-24-022349 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 49 CONFORMED PERIOD OF REPORT: 20240419 FILED AS OF DATE: 20240314 DATE AS OF CHANGE: 20240314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WYNDHAM HOTELS & RESORTS, INC. CENTRAL INDEX KEY: 0001722684 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 823356232 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-38432 FILM NUMBER: 24747834 BUSINESS ADDRESS: STREET 1: 22 SYLVAN WAY CITY: PARSIPPANY STATE: NJ ZIP: 07054 BUSINESS PHONE: 973-753-7791 MAIL ADDRESS: STREET 1: 22 SYLVAN WAY CITY: PARSIPPANY STATE: NJ ZIP: 07054 DEF 14A 1 ea0200576-02.htm PROXY STATEMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.          ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐   Preliminary Proxy Statement ☐   Confidential, for Use of the Commission Only (as permitted by Rule 14a -6 (e)(2)) ☒   Definitive Proxy Statement ☐   Definitive Additional Materials ☐   Soliciting Material under §240.14a -12 Wyndham Hotels & Resorts, Inc. ___________________________________________________________________________________________________ (Name of Registrant as Specified In Its Charter) ___________________________________________________________________________________________________ (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): ☒   No fee required. ☐   Fee paid previously with preliminary materials. ☐   Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a -6 (i)(1) and 0 -11   Table of Contents NOTICE OF 2024 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT   Table of Contents March 14, 2024 Dear Fellow Stockholder: On behalf of your Board of Directors, we are pleased to invite you to attend the 2024 annual meeting of stockholders to be held on Friday, April 19, 2024 at 9:00 a.m. Eastern Time. The meeting will be held in person at Wyndham Hotels & Resorts, Inc., 22 Sylvan Way, Parsippany, New Jersey 07054. In 2023, we delivered strong financial and operational results from the continued execution of our strategic plan. Our performance was driven by our concentration in the select -service economy and midscale segments and sustained demand from our leisure and everyday business travelers. Global RevPAR grew 5% year -over-year in constant currency, or 16% above 2019 pre -Covid levels. System -wide rooms grew organically by 3.5% year -over-year , a record level, and we grew our global development pipeline by 10% year -over-year to a record 240,000 rooms. We are proud to have achieved a record -high global retention rate of 95.6% with our valued franchisees. We also made meaningful progress across other parts of our business this year, all with a continued focus on our Owner -First ™ approach. We opened 500 hotels and introduced 13 of our 24 brands in 24 new countries. We invested in new technology solutions to help owners streamline operations, enhance the guest experience and increase profitability. We did all of this while continuing to prioritize targeted investments in the future growth of our business, including increased key money investments to attract new hotels in key domestic and international markets and to support renovation of existing hotels. The continued focus