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8-K

Park Hotels & Resorts Inc. (PK)

8-K 2022-04-28 For: 2022-04-27
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Added on April 08, 2026

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): April 27, 2022

Park Hotels & Resorts Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware 001-37795 36-2058176
(State or Other Jurisdiction<br><br>of Incorporation) (Commission<br><br>File Number) (IRS Employer<br><br>Identification No.)
1775 Tysons Blvd., 7th Floor, Tysons, VA 22102
(Address of Principal Executive Offices) (Zip Code)

(571)

302-5757

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

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 Instructions 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))

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

Title of class Trading Symbol Name of exchange on which registered
Common Stock, $0.01 par value per share PK 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 5.07. Submission of Matters to a Vote of Security Holders.

On April 27, 2022, Park Hotels & Resorts Inc. (the “Company”) held its 2022 annual meeting of stockholders (the “Annual Meeting”). Stockholders voted as set forth below on the proposals presented for a vote. Each such proposal is described in more detail in the Company’s Definitive Proxy Statement on Schedule 14A, as filed with the Securities and Exchange Commission on March 16, 2022.

Proposal 1. Election of Directors

The Company’s stockholders elected the nine persons listed below to serve as directors until the 2023 annual meeting of stockholders and until their successors have been duly elected and qualify, based upon the following votes:

For Against Abstain Broker Non-Votes
Thomas J. Baltimore, Jr. 165,376,112 23,634,027 3,119,803 15,674,041
Patricia M. Bedient 187,854,365 4,194,717 80,860 15,674,041
Thomas D. Eckert 187,542,472 4,480,838 106,632 15,674,041
Geoffrey M. Garrett 189,997,452 1,313,640 818,850 15,674,041
Christie B. Kelly 184,038,533 8,008,413 82,996 15,674,041
Sen. Joseph I. Lieberman 186,432,378 4,868,617 828,947 15,674,041
Thomas A. Natelli 187,393,630 4,654,566 81,746 15,674,041
Timothy J. Naughton 179,617,088 12,429,308 83,546 15,674,041
Stephen I. Sadove 173,429,072 18,622,163 78,707 15,674,041

Proposal 2. Advisory Vote to Approve Compensation of Named Executive Officers

The Company’s stockholders approved, on an advisory (non-binding) basis, the compensation of the Company’s named executive officers based upon the following votes:

For Against Abstain Broker Non-Votes
159,711,177 32,251,262 167,503 15,674,041

Proposal 3. Ratification of the Appointment of Ernst & Young LLP

The Company’s stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022 based upon the following votes:

For Against Abstain Broker Non-Votes
207,300,762 413,500 89,721 --

Proposal 4. Stockholder Proposal Regarding Equity Retention by Named Executive Officers

The Company’s stockholders did not approve a stockholder proposal regarding equity retention by named executive officers based upon the following votes:

For Against Abstain Broker Non-Votes
53,056,972 138,313,715 759,255 15,674,041

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.

Park Hotels & Resorts Inc.
Date: April 28, 2022 By: /s/ Sean M. Dell’Orto
Sean M. Dell’Orto
Executive Vice President, Chief Financial Officer and Treasurer