ILG,Inc. (NASDAQ:ILG) Files An 8-K Other Events

ME Staff 8-k
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ILG,Inc. (NASDAQ:ILG) Files An 8-K Other Events
ITEM 8.01.Other Events.

ILG, Inc. (“ILG”) is filing this Current Report on Form 8-K to revise its consolidated balance sheets as of December 31, 2017 and 2016, the related consolidated statements of income, comprehensive income, equity and cash flows for each of the three years in the period ended December 31, 2017, and the related notes and financial statement schedule comprising Item 8 of our 2017 Form 10-K (collectively referred to as the “Consolidated Financial Statements”).The Consolidated Financial Statementshave been recast to reflect ILG’s adoption of the Financial Accounting Standard Board’s Accounting Standards Codification Topic 606 “Revenue from Contracts with Customers” (“ASC 606”) on a retrospective basis to facilitate ILG’s previously announced transaction with Marriott Vacations Worldwide Corporation.

These Consolidated Financial Statements are filed as Exhibit 99.1 to this Current Report on Form 8-K and are incorporated herein by reference. These Consolidated Financial Statements have been updated in compliance with generally accepted accounting principles to reflect the retrospective adoption of ASC 606 for the respective periods and disclosure of the pending transactions to the Agreement and Plan of Merger between ILG, Marriott Vacations Worldwide Corporation and several newly formed subsidiaries that was announced on April 30, 2018.

Except as described above, we have not modified or updated other disclosures contained in ILG's Consolidated Financial Statements included in the 2017 Form 10-K. Accordingly, this Form 8-K, with the exception of the foregoing, does not reflect events occurring after the date of filing of the 2017 Form 10-K or update disclosures to already disclosed subsequent events or that are affected by any further subsequent events. Consequently, all other information not affected by the additions described above is unchanged and reflects the disclosures and other information made at the dates of the filing of the 2017 Form 10-K and should be read in conjunction with our filings with the SEC subsequent to such dates, including amendments to such filings, if any.

ITEM 9.01.Financial Statements and Exhibits.

(d)Exhibits to this Form8-K


ILG, Inc. Exhibit
EX-23.1 2 ilg-20180605ex231ebe73e.htm EX-23.1 iilg_Ex23_1 Exhibit 23.1 Consent of Independent Registered Public Accounting Firm We consent to the incorporation by reference in the following Registration Statements: (1) Registration statement (Form S-8 No.333-212942) pertaining to an employee benefit plan of ILG,…
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About ILG,Inc. (NASDAQ:ILG)

ILG, Inc., formerly Interval Leisure Group, Inc., is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties. Its Vacation Ownership segment engages in the management of vacation ownership resorts; sales, marketing, and financing of vacation ownership interests, and related services to owners and associations. The Company offers leisure and travel-related products and services to owners of vacation interests and others primarily through various membership programs, as well as related services to resort developer clients.