Hilton Grand Vacations Reports Director & Officer Changes
Ticker: HGV · Form: 8-K · Filed: Feb 7, 2025 · CIK: 1674168
Sentiment: neutral
Topics: director-changes, officer-changes, compensation
TL;DR
HGV board shakeup and comp changes filed. Watch for new exec roles.
AI Summary
Hilton Grand Vacations Inc. filed an 8-K on February 7, 2025, reporting changes in its board of directors and executive compensation. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. Specific names of departing or newly appointed individuals and details of compensation changes were not provided in this excerpt.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or future performance expectations.
Risk Assessment
Risk Level: medium — Changes in directorship and executive compensation can indicate internal shifts that may impact future company performance or strategy.
Key Players & Entities
- Hilton Grand Vacations Inc. (company) — Registrant
- February 7, 2025 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- 6355 MetroWest Boulevard, Suite 180 Orlando, Florida 32835 (address) — Principal Executive Offices
- 407-722-3100 (phone_number) — Registrant's Telephone Number
FAQ
What specific items are being reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers.
What is the exact name of the company filing this report?
The exact name of the registrant is Hilton Grand Vacations Inc.
On what date was this report filed?
The report was filed on February 7, 2025.
In which state was Hilton Grand Vacations Inc. incorporated?
Hilton Grand Vacations Inc. was incorporated in Delaware.
What is the principal executive office address for Hilton Grand Vacations Inc.?
The principal executive office address is 6355 MetroWest Boulevard, Suite 180, Orlando, Florida 32835.
Filing Stats: 635 words · 3 min read · ~2 pages · Grade level 11.5 · Accepted 2025-02-07 07:44:20
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share HGV New York St
- $400,000 — oing, includes an annual base salary of $400,000 and target short-term and long-term inc
Filing Documents
- ef20043079_8k.htm (8-K) — 27KB
- 0001140361-25-003492.txt ( ) — 159KB
- hgv-20250207.xsd (EX-101.SCH) — 4KB
- hgv-20250207_lab.xml (EX-101.LAB) — 21KB
- hgv-20250207_pre.xml (EX-101.PRE) — 16KB
- ef20043079_8k_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers Election of Directors Appointment of Certain Officers Compensatory Arrangements of Certain Officers. On February 7, 2025, Daniel J. Mathewes, President and Chief Financial Officer of Hilton Grand Vacations Inc. (the "Company"), informed the Company that he is taking a temporary leave of absence from his position at the Company for personal reasons, effective immediately. Mr. Mathewes's temporary leave of absence is unrelated to the Company's strategy, operations, financial reporting, or internal controls. Erin Day, 41, the Company's Executive Vice President of Finance, will be acting Chief Financial Officer effective immediately. Ms. Day has served as the Company Executive Vice President of Finance since April 2024. Prior to that, Ms. Day served as the Company's Senior Vice President of Finance from August 2021 to April 2024 and Senior Vice President, Strategic Finance, from December 2019 to July 2021. Ms. Day's current compensation arrangement, which is not being modified in connection with the foregoing, includes an annual base salary of $400,000 and target short-term and long-term incentive award opportunities at 75% and 200%, respectively, of her base salary. The Company and Ms. Day are party to a severance agreement that is substantially the same as the Company's severance agreement with its executive officers. There are no arrangements or understandings between Ms. Day and any other person pursuant to which Ms. Day was appointed to serve as acting Chief Financial Officer of the Company. There are no family relationships between Ms. Day and any of the Company's directors or executive officers. Ms. Day has no direct or indirect material interest in any existing or currently proposed transaction that would require disclosure under Item 404(a) of Regulation S-K. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its be