Hilton Grand Vacations Inc. filed SEC Form 8-K: Leadership Update

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

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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 7, 2025 (March 4, 2025)

 

Hilton Grand Vacations Inc.

(Exact Name of Registrant as Specified in its Charter)

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(407) 613-3100

(Registrant’s Telephone Number, Including Area Code)

 

Not Applicable

(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:

 

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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.  ☐

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On March 4, 2025, the Compensation Committee (the “Compensation Committee”) of the Board of Directors of Hilton Grand Vacations Inc. (the “Company”) approved compensatory arrangements for its executive officers, including an increase in the base salary of Mr. Mark D. Wang, the Company’s Chief Executive Officer, to $1,350,000, an increase in the base salary of Mr. Charles R. Corbin, the Company’s Senior Executive Vice President, General Counsel & Corporate Operations and Secretary, to $625,000, and an increase in the base salary of Ms. Erin Day, the Company’s Executive Vice President, Finance, and Acting Chief Financial Officer, to $450,000. The Compensation Committee also approved short-term annual cash-based and long-term equity-based award opportunities for each of the named executive officers and Ms. Day within the ranges previously approved by the Compensation Committee as part of the Hilton Grand Vacations Inc. Incentive Program, which program has been filed as Exhibit 10.20 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

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