HYATT HOTELS CORPORATION (NYSE:H) Files An 8-K Entry into a Material Definitive Agreement
Item1.01
| Entry into a Material Definitive Agreement. |
On May22, 2017, Hyatt Hotels Corporation (the Company) entered
into an Underwriting Agreement (the Underwriting Agreement) by
and among the Company, the selling stockholders named therein
(the Selling Stockholders), and Deutsche Bank Securities Inc. and
Merrill Lynch, Pierce, Fenner Smith Incorporated (collectively,
the Underwriters), relating to an underwritten offering of
4,000,000 shares (the Shares) of the Companys ClassA common
stock, par value $0.01 per share (the Class A Common Stock), to
the Companys Registration Statement on Form S-3 (File
No.333-218162), filed on May22, 2017, as supplemented by the
prospectus supplement dated May22, 2017. All of the Shares are
being sold by the Selling Stockholders. to the Underwriting
Agreement, the Underwriters agreed to purchase the Shares at a
price of $57.53.
The description of the Underwriting Agreement is qualified in its
entirety by the terms of such agreement, which is incorporated
herein by reference and attached to this report as Exhibit 1.1.
| Item8.01 | Other Events. |
The offering of 4,000,000 shares of ClassA Common Stock settled
on May26, 2017. The Selling Stockholders received all of the net
proceeds from this offering. No shares of ClassA Common Stock
were sold by the Company.
| Item9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
See the Exhibit Index immediately following the page hereto,
which is incorporated herein by reference.
About HYATT HOTELS CORPORATION (NYSE:H)
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties, consisting of full service hotels, select service hotels, resorts and other properties, including timeshare, fractional and other forms of residential and vacation properties. The Company operates through four segments: Owned and leased hotels; Americas management and franchising; Southeast Asia, China, Australia, South Korea and Japan (ASPAC) management and franchising, and Europe, Africa, the Middle East and Southwest Asia (EAME/SW Asia) management. The Company’s hotel portfolio consists of approximately 600 properties (over 159,340 rooms). The Company’s full service hotels and resorts operate under six brands: Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric and Hyatt. The Company’s two select service brands include Hyatt Place and Hyatt House. HYATT HOTELS CORPORATION (NYSE:H) Recent Trading Information
HYATT HOTELS CORPORATION (NYSE:H) closed its last trading session down -0.03 at 57.52 with 714,330 shares trading hands.
