FALSE0001361658Travel & Leisure Co.00013616582022-03-182022-03-18
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): March 18, 2022
Travel + Leisure Co.
(Exact name of registrant as specified in its charter)
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Delaware | 001-32876 | 20-0052541 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification Number) |
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6277 Sea Harbor Drive
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Orlando | Florida | 32821
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(Address of Principal Executive Offices)
| (Zip Code)
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| (407) | 626-5200 |
(Registrant’s telephone number, including area code) |
None (Former name or former address, if changed since last report) |
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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 (see General Instruction A.2. below):
☐ 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))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class | Trading Symbol | Name of each exchange on which registered |
Common Stock, $0.01 par value per share | TNL | 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.
On March 23, 2022, Travel + Leisure Co. (the "Company") announced that Noah Brodsky, President, Travel + Leisure Group and Chief Brand Officer of the Company, will cease serving in both roles, effective April 4, 2022. Mr. Brodsky will continue to be employed by the Company in a non-executive capacity to assist as requested with the transition of his duties until separating from employment on July 1, 2022. It is expected that Mr. Brodsky will enter into a separation and release agreement with the Company providing for severance payments and benefits consistent with the terms of his Letter Agreement, dated as of May 16, 2018.
On March 23, 2022, the Company also announced that Olivier Chavy will assume leadership of the Travel + Leisure Group business line, effective April 5, 2022, in addition to his current responsibilities.
Item 9.01. Financial Statements and Exhibits.
d) Exhibits. The following exhibit is furnished with this report:
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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.
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| TRAVEL + LEISURE CO. |
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| By: /s/ Elizabeth E. Dreyer | |
| Name: Elizabeth E. Dreyer | |
| Title: Chief Accounting Officer | |
Date: March 23, 2022