Park Hotels & Resorts Inc 8-K, filed Jan 28, 2020
Park Hotels & Resorts Inc. (PK)
About this 8-K
Park Hotels & Resorts Inc filed this 8-K on January 28, 2020, reporting on events of January 27, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in 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).
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 27, 2020, Robert D. Tanenbaum’s employment with Park Hotels & Resorts Inc. (the “Company”) terminated. Mr. Tanenbaum had served as the Company’s Executive Vice President, Asset Management. Mr. Tanenbaum was terminated by the Company for cause after an investigation determined that he had engaged in a personal, inappropriate and consensual relationship with a Company employee as well as inappropriate communications, which relationship and communications violated the Company’s policies and core values. Mr. Tanenbaum’s termination is unrelated to the Company’s operational or financial performance. Mr. Tanenbaum is not entitled to receive any severance payment in connection with his termination.
SIGNATURES
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 thereunto duly authorized.
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Park Hotels & Resorts Inc. |
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Date: January 28, 2020 |
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By: |
/s/ Sean M. Dell’Orto |
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Sean M. Dell’Orto |
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Executive Vice President, Chief Financial Officer and Treasurer |