Travelport Worldwide Limited (NYSE:TVPT) 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
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Effective March 1, 2017, Gavin Baiera has resigned from our Board
of Directors (the Board), as well as the Compensation Committee
and Nominating and Corporate Governance Committee of our Board.
Mr. Baiera has no disagreement with the Companys operations,
policies or practices.
On January 23, 2017, our Board appointed John B. Smith to our
Board effective March 1, 2017. In connection with such
appointment, Mr. Smith will be paid $200,000 per year as
compensation for his service as a member of the Board, in a mix
of $75,000 in cash and $125,000 in time-based restricted share
units, consistent with the compensation paid to the other members
of our Board.
A copy of the press release issued in connection with Mr. Baieras
resignation and Mr. Smiths appointment is attached hereto as
Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
The following exhibits are filed as part of this report:
| Exhibit No. | Description | |
| 99.1 | Press Release dated January 26, 2017. |
About Travelport Worldwide Limited (NYSE:TVPT)
Travelport Worldwide Limited provides a travel commerce platform, which offers distribution, technology, payment and other solutions for travel and tourism industry. The Company connects travel providers, such as airlines and hotel chains with online and offline travel agencies and other travel buyers in its business-to-business (B2B) travel commerce platform. It provides air distribution services to approximately 400 airlines around the globe, including approximately 120 low cost carriers (LCCs). It distributes ancillaries for approximately 100 airlines. The Company’s travel commerce platform, Air, provides real-time search, pricing, booking, change, payment and itinerary creation for travelers using the services of online and offline travel agencies for both leisure and business travel. Its Beyond Air portfolio includes distribution and merchandising solutions for hotel, car rental, rail, cruise-line and tour operators, payment solutions, advertising and other platform services. Travelport Worldwide Limited (NYSE:TVPT) Recent Trading Information
Travelport Worldwide Limited (NYSE:TVPT) closed its last trading session down -0.04 at 14.43 with 637,921 shares trading hands.
