CHOICE HOTELS INTERNATIONAL, INC. (NYSE:CHH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
Choice Hotels International, Inc. (the “Company”) announced on August10, 2017 that it is accelerating its Chief Executive Officer succession plan, previously announced on July13, 2017. Effective September12, 2017, Patrick S. Pacious will replace Stephen P. Joyce as the Chief Executive Officer and will thereafter serve as the Company’s President and Chief Executive Officer. On August4, 2017, Mr.Joyce notified the Company of his resignation as the Chief Executive Officer and from the Board of Directors effective September11, 2017.
On August9, 2017, the Company’s Board of Directors appointed Patrick S. Pacious as a director effective September12, 2017 for a term expiring at the 2018 Annual Meeting of Shareholders. Mr.Pacious will not receive any compensation for service as director.
A copy of the press release regarding this announcement is furnished as Exhibit99.1 hereto.
| Item 5.02. | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit 99.1—Press Release issued by Choice Hotels International, Inc., dated August10, 2017.
CHOICE HOTELS INTERNATIONAL INC /DE ExhibitEX-99.1 2 d433294dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Stewart Bainum,…To view the full exhibit click here
About CHOICE HOTELS INTERNATIONAL, INC. (NYSE:CHH)
Choice Hotels International, Inc. (Choice) is a hotel franchisor. The Company operates in two segments: hotel franchising business and SkyTouch Technology (SkyTouch). It operates approximately 6,420 hotels open and over 720 hotels under construction, representing approximately 507,480 rooms open and over 58,130 rooms under construction, awaiting conversion or approved for development in approximately 50 states, the District of Columbia and over 35 countries and territories outside the United States. It franchises lodging properties under the brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Cambria hotels & suites and Ascend Hotel Collection (collectively, the Choice brands). SkyTouch division develops and markets cloud-based technology products, including inventory management, pricing and connectivity to third-party channels, to hoteliers not under franchise agreements with the Company.