Hilton Worldwide Holdings Inc. Announces Board and Executive Changes

Ticker: HLT · Form: 8-K · Filed: 2024-12-13T00:00:00.000Z

Sentiment: neutral

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

TL;DR

Hilton's board and exec comp got a shake-up. New directors in, exec pay details out.

AI Summary

Hilton Worldwide Holdings Inc. announced on December 10, 2024, changes in its board of directors and executive compensation. Specifically, the company elected new directors and appointed certain officers, alongside updates to their compensatory arrangements. The filing details these corporate governance and compensation adjustments.

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 pertains to routine corporate governance and executive appointments, not a material financial event.

Key Players & Entities

FAQ

What specific changes were made to the board of directors?

The filing indicates the election of new directors, but the specific names and details of their election are not provided in this excerpt.

What are the key details regarding the appointment of certain officers?

The filing states that certain officers were appointed, but specific names and roles are not detailed in this section.

What type of compensatory arrangements were updated?

The filing mentions updates to compensatory arrangements of certain officers, but the specifics of these arrangements are not elaborated upon in this excerpt.

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

The earliest event reported in this Form 8-K was on December 10, 2024.

What is the principal executive office address for Hilton Worldwide Holdings Inc.?

The principal executive office address is 7930 Jones Branch Drive, Suite 1100, McLean, Virginia 22102.

From the Filing

0001585689-24-000199.txt : 20241213 0001585689-24-000199.hdr.sgml : 20241213 20241213160144 ACCESSION NUMBER: 0001585689-24-000199 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241210 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241213 DATE AS OF CHANGE: 20241213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hilton Worldwide Holdings Inc. CENTRAL INDEX KEY: 0001585689 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 274384691 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36243 FILM NUMBER: 241548268 BUSINESS ADDRESS: STREET 1: 7930 JONES BRANCH DRIVE, SUITE 1100 CITY: MCLEAN STATE: VA ZIP: 22102 BUSINESS PHONE: 703-883-1000 MAIL ADDRESS: STREET 1: 7930 JONES BRANCH DRIVE, SUITE 1100 CITY: MCLEAN STATE: VA ZIP: 22102 8-K 1 hlt-20241210.htm 8-K hlt-20241210 False 0001585689 0001585689 2024-12-10 2024-12-10 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): December 10, 2024 Hilton Worldwide Holdings Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 001-36243 27-4384691 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 7930 Jones Branch Drive , Suite 1100 , McLean , Virginia 22102 (Address of Principal Executive Offices) (Zip Code) ( 703 ) 883-1000 (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, $0.01 par value per share HLT 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 December 10, 2024, Michael W. Duffy notified Hilton Worldwide Holdings Inc. (the “Company”) of his resignation as Senior Vice President, Chief Accounting and Risk Officer, effective February 7, 2025, to pursue an opportunity outside of the Company. Mr. Duffy’s departure is not due to any disagreement on any matter relating to the Company’s financial statements, internal control over financial reporting, operations, policies, or practices. Mr. Duffy will continue to serve as the Company’s principal accounting o

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