Travel + Leisure Co. Files 8-K on Director Changes and Compensation
Ticker: TNL · Form: 8-K · Filed: Dec 20, 2024 · CIK: 1361658
Sentiment: neutral
Topics: corporate-governance, executive-compensation, filing-update
Related Tickers: TNL
TL;DR
Travel + Leisure Co. (TNL) filed an 8-K detailing director changes and executive compensation updates.
AI Summary
Travel + Leisure Co. filed an 8-K on December 16, 2024, reporting changes in its board of directors and executive compensation arrangements. The filing also includes financial statements and exhibits, with the date of the earliest event reported being December 16, 2024. The company, formerly known as Wyndham Destinations, Inc., is incorporated in Delaware and headquartered in Orlando, Florida.
Why It Matters
This filing provides insight into potential shifts in corporate governance and executive remuneration at Travel + Leisure Co., which could influence investor confidence and strategic direction.
Risk Assessment
Risk Level: low — The filing is routine corporate disclosure and does not indicate any immediate financial distress or significant operational changes.
Key Players & Entities
- Travel + Leisure Co. (company) — Registrant
- Wyndham Destinations, Inc. (company) — Former name
- Delaware (jurisdiction) — State of Incorporation
- Orlando, Florida (location) — Principal Executive Offices
- December 16, 2024 (date) — Date of earliest event reported
FAQ
What specific changes were made to the board of directors?
The filing indicates a 'Departure of Directors or Certain Officers' and 'Election of Directors,' but the specific details of these changes are not provided in the excerpt.
What are the key aspects of the compensatory arrangements of certain officers?
The filing mentions 'Compensatory Arrangements of Certain Officers,' but the specific details of these arrangements are not elaborated upon in the provided text.
When was Travel + Leisure Co. formerly known as Wyndham Destinations, Inc.?
The filing states the former name was Wyndham Destinations, Inc. with a date of name change of May 31, 2018.
What is the principal business address of Travel + Leisure Co.?
The principal executive offices are located at 6277 Sea Harbor Drive, Orlando, Florida 32821.
What is the SEC file number for Travel + Leisure Co.?
The SEC file number for Travel + Leisure Co. is 001-32876.
Filing Stats: 533 words · 2 min read · ~2 pages · Grade level 10.3 · Accepted 2024-12-20 07:30:28
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share TNL New York Stoc
Filing Documents
- wyn-20241216.htm (8-K) — 27KB
- 0001361658-24-000226.txt ( ) — 149KB
- wyn-20241216.xsd (EX-101.SCH) — 2KB
- wyn-20241216_lab.xml (EX-101.LAB) — 21KB
- wyn-20241216_pre.xml (EX-101.PRE) — 12KB
- wyn-20241216_htm.xml (XML) — 3KB
02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers. On December 16, 2024, Michael A. Hug, Chief Financial Officer ("CFO") of Travel + Leisure Co. (the "Company"), notified the Company of his intention to retire during the 2025 fiscal year, effective as of the earlier of (i) a date that is mutually agreeable to Mr. Hug and the Company after a successor has been identified and (ii) June 1, 2025 (the "Retirement Date"). Mr. Hug's decision to retire was not the result of any disagreement between Mr. Hug and the Company. The Company has initiated a search, with the assistance of a leading executive search firm, to identify a successor for this position, which is expected to include both internal and external candidates. Mr. Hug will continue to serve as CFO until his Retirement Date.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. d) Exhibits. The following exhibit is furnished with this report: Exhibit No. Description 104 Cover Page Interactive Data File (cover page XBRL tags are embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TRAVEL + LEISURE CO. By: /s/ Thomas M. Duncan Name: Thomas M. Duncan Title: Chief Accounting Officer Date: December 20, 2024