Wyndham Worldwide Corporation (NYSE:WYN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Wyndham Worldwide Corporation (NYSE:WYN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 28, 2016, Wyndham Worldwide Corporation (Company) announced that it has mutually agreed with Franz Hanning that he is resigning as head of the Company’s timeshare business unit. Mr. Hanning will continue to be employed by the Company to assist with an orderly transition of his responsibilities until March 1, 2017.

Effective with the termination of his employment, Mr. Hanning will receive severance benefits consistent with the provisions regarding separation from employment without cause contained in his employment agreement with the Company, dated November 19, 2009, as subsequently amended, and described in the Company’s 2016 Proxy Statement.


About Wyndham Worldwide Corporation (NYSE:WYN)

Wyndham Worldwide Corporation is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Hotel Group, Destination Network and Vacation Ownership. The Hotel Group segment has approximately 7,800 hotels and over 678,000 hotel rooms around the world. The Destination Network segment has over 112,000 vacation accommodations, located in approximately 100 countries. The Vacation Ownership segment has over 220 resorts and approximately 897,000 owners. Its brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.

Wyndham Worldwide Corporation (NYSE:WYN) Recent Trading Information

Wyndham Worldwide Corporation (NYSE:WYN) closed its last trading session down -1.05 at 73.15 with 432,366 shares trading hands.