Expedia Group Board and Compensation Updates

Ticker: EXPE · Form: 8-K · Filed: 2024-09-11T00:00:00.000Z

Sentiment: neutral

Topics: board-of-directors, executive-compensation, corporate-governance

Related Tickers: EXPE

TL;DR

Expedia's board and exec pay got a shake-up on Sept 10th.

AI Summary

Expedia Group, Inc. announced on September 10, 2024, changes to its board of directors and executive compensation. The filing details the election of new directors and updates to compensatory arrangements for certain officers, though specific names and dollar amounts for these arrangements are not detailed in this excerpt.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — This filing primarily concerns corporate governance and executive compensation, which typically carries a lower immediate risk compared to financial distress or major operational changes.

Key Numbers

Key Players & Entities

FAQ

What specific changes were made to the board of directors?

The filing indicates the election of directors as an item of report, but the specific names of newly elected or departing directors are not detailed in this excerpt.

What are the details of the compensatory arrangements for certain officers?

The filing lists 'Compensatory Arrangements of Certain Officers' as an item of report, but the specific details, including dollar amounts or names of officers, are not provided in this excerpt.

When was the earliest event reported in this Form 8-K?

The earliest event reported was on September 10, 2024.

What is Expedia Group, Inc.'s state of incorporation?

Expedia Group, Inc. is incorporated in Delaware.

What is the address of Expedia Group's principal executive offices?

The principal executive offices are located at 1111 Expedia Group Way W. Seattle, Washington 98119.

From the Filing

0001324424-24-000043.txt : 20240911 0001324424-24-000043.hdr.sgml : 20240911 20240911085216 ACCESSION NUMBER: 0001324424-24-000043 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240910 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240911 DATE AS OF CHANGE: 20240911 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Expedia Group, Inc. CENTRAL INDEX KEY: 0001324424 STANDARD INDUSTRIAL CLASSIFICATION: TRANSPORTATION SERVICES [4700] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 202705720 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37429 FILM NUMBER: 241291502 BUSINESS ADDRESS: STREET 1: 1111 EXPEDIA GROUP WAY W. CITY: SEATTLE STATE: WA ZIP: 98119 BUSINESS PHONE: (206) 481-7200 MAIL ADDRESS: STREET 1: 1111 EXPEDIA GROUP WAY W. CITY: SEATTLE STATE: WA ZIP: 98119 FORMER COMPANY: FORMER CONFORMED NAME: Expedia, Inc. DATE OF NAME CHANGE: 20050420 8-K 1 expe-20240910.htm 8-K expe-20240910 0001324424 false 0001324424 2024-09-10 2024-09-10 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): September 10, 2024 EXPEDIA GROUP, INC. (Exact name of registrant as specified in its charter) Delaware   001-37429   20-2705720 (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.) 1111 Expedia Group Way W. Seattle , Washington 98119 (Address of principal executive offices) (Zip code) ( 206 ) 481-7200 Registrant’s telephone number, including area code Not Applicable (Former name or former address if changed since last report) 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(s) Name of each exchange on which registered Common stock, $0.0001 par value EXPE Nasdaq Stock Market LLC (Nasdaq Global Select Market) 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 September 10, 2024, the Board of Directors (the “ Board ”) of Expedia Group, Inc. (the “ Company ”) and the Company’s Vice Chairman and Board member, Mr. Peter Kern, agreed, given the speed and success of the Company’s recent management transition, that Mr. Kern’s service as Vice Chairman would end effective as of that date. Also effective as of September 10, 2024, Mr. Kern resigned as a member of the Board and the Board eliminated the Board seat previously held by Mr.

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