Hilton Grand Vacations Inc. (NYSE:HGV) Files An 8-K Results of Operations and Financial Condition

Hilton Grand Vacations Inc. (NYSE:HGV) Files An 8-K Results of Operations and Financial Condition
Item 2.02

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Results of Operations and Financial Condition.

This Form 8-K/A is being filed solely to correct a typographical error in the table under the caption “Forward-Year Adjusted EBITDA Reconciliation” on page 22 of the Original Press Release under the column titled “High,” as follows: the License fee expense is $98 rather than $89 and Segment EBITDA is $682 rather than $673. The revised press release is attached hereto as Exhibit 99.2 and supersedes and replaces Exhibit 99.1 furnished with the Original Furnished 8-K in its entirety.

The information in this Current Report onForm8-K/A,including Exhibit99.2 hereto, is being furnished to Item 2.02 ofForm8-Kand shall not be deemed to be “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 2.02

Financial Statements and Exhibits.

(d) Exhibits.

Hilton Grand Vacations Inc. Exhibit
EX-99.2 2 hgv-ex992_7.htm EX-99.2 hgv-ex992_7.htm   Exhibit 99.2   Investor Contact: Media Contact:   Robert LaFleur Erin Pagán   407-613-3327 407-613-3771   [email protected] [email protected]   FOR IMMEDIATE RELEASE   CORRECTING and REPLACING Hilton Grand Vacations Reports Second-Quarter 2018 Results; Raises Guidance CORRECTION…by Hilton Grand Vacations ORLANDO,…
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About Hilton Grand Vacations Inc. (NYSE:HGV)

Hilton Grand Vacations Inc. is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management. As of September 30, 2016, the Company had 46 resorts, representing 7,592 units, and approximately 265,000 Hilton Grand Vacations Club (the Club) members. Club members can exchange their Club points for stays at any resort or any property in the Hilton system of various brands across over 4,700 properties, as well as various vacation options, such as cruises and guided tours. VOI product allows customers to purchase a lifetime of vacations. The Company offers amenities, such as full kitchens, in-unit washers and dryers, spas and kids’ clubs along with beach-front locations.

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