Hyatt Hotels Corp Reports Board Changes and Officer Compensation Updates
Ticker: H · Form: 8-K · Filed: 2024-08-15T00:00:00.000Z
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
Related Tickers: H
TL;DR
Hyatt's board saw a director exit and a new one join, with executive pay plans also updated.
AI Summary
Hyatt Hotels Corporation announced on August 12, 2024, changes related to its board of directors and executive compensation. Specifically, the company reported the departure of a director and the election of a new director, along with updates to compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing details routine corporate governance changes and executive compensation adjustments, which are common and typically do not represent significant new risks.
Key Players & Entities
- Hyatt Hotels Corporation (company) — Registrant
- August 12, 2024 (date) — Date of earliest event reported
- 150 North Riverside Plaza, Chicago, IL 60606 (address) — Principal executive offices
- 001-34521 (company_id) — Commission File Number
FAQ
Who is the departing director and who is the newly elected director?
The filing does not specify the names of the departing or newly elected directors, only that these changes occurred.
What specific changes were made to the compensatory arrangements of certain officers?
The filing indicates that there were updates to compensatory arrangements but does not provide specific details on the nature or value of these changes.
When did these board and compensation changes become effective?
The earliest event reported is August 12, 2024, suggesting these changes were effective on or around this date.
Is this filing related to any specific strategic initiatives or financial performance?
The filing pertains to director departures, elections, and officer compensation, and does not directly mention specific strategic initiatives or financial performance.
What is the SIC code for Hyatt Hotels Corp?
The Standard Industrial Classification (SIC) code for Hyatt Hotels Corp is 7011, which corresponds to HOTELS & MOTELS.
From the Filing
0001193125-24-200982.txt : 20240815 0001193125-24-200982.hdr.sgml : 20240815 20240815073028 ACCESSION NUMBER: 0001193125-24-200982 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240812 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240815 DATE AS OF CHANGE: 20240815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hyatt Hotels Corp CENTRAL INDEX KEY: 0001468174 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 201480589 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34521 FILM NUMBER: 241210626 BUSINESS ADDRESS: STREET 1: 150 NORTH RIVERSIDE PLAZA STREET 2: 8TH FLOOR CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: (312) 750-1234 MAIL ADDRESS: STREET 1: 150 NORTH RIVERSIDE PLAZA STREET 2: 8TH FLOOR CITY: CHICAGO STATE: IL ZIP: 60606 8-K 1 d835303d8k.htm 8-K 8-K Hyatt Hotels Corp false 0001468174 0001468174 2024-08-12 2024-08-12     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 12, 2024     HYATT HOTELS CORPORATION (Exact name of registrant as specified in its charter)       Delaware   001-34521   20-1480589 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   150 North Riverside Plaza   Chicago , IL   60606 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: (312) 750-1234 Former name or former address, if changed since last report: Not Applicable     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol   Name of each exchange on which registered Class A common stock, $0.01 par value   H   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 15, 2024, Kinsey Wolf was appointed to serve as Senior Vice President, Controller and Chief Accounting Officer of Hyatt Hotels Corporation (the “Company”), effective immediately. In this capacity, Ms. Wolf will also serve as the Company’s principal accounting officer, effective as of August 15, 2024. Upon Ms. Wolf’s appointment as principal accounting officer, Joan Bottarin