RED LION HOTELS CORPORATION (NYSE:RLH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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RED LION HOTELS CORPORATION (NYSE:RLH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

RED LION HOTELS CORPORATION (NYSE:RLH) 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.

(b) On December 23, 2019, Mr. Robert G. Wolfe provided notice of his intent to retire from the Board of Directors, effective December 31, 2019. Mr. Wolfe’s retirement, was not a result of any disagreement with the Company.

On December 26, 2017, the Board of Directors appointed current independent Board Member, R. Carter Pate, to replace Mr. Wolfe as the Company’s Chairman of Board. The Board of Directors also appointed Joe Megibow to serve on the Compensation Committee to replace Michael Vernon, who is also retiring from the Board as of December 31, 2019.

The Nominating and Governance Committee is engaged in its annual process of assessing the Board’s needs and skills, and as part of that comprehensive analysis will determine whether to replace one or both of its open board seats.

A copy of the December 26, 2019 press release announcing the retirement of Mr. Wolfe and the appointment of Mr. Pate as Board Chair is included as Exhibit 99.1 to this report. Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the Exchange Act) or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of the registrant under the Securities Act of 1933 or the Exchange Act.

(d) Exhibits

99.1    Press Release dated December 26, 2019


Red Lion Hotels CORP Exhibit
EX-99.1 2 d841146dex991.htm EX-99.1 EX-99.1 Exhibit 99.1   RLH Corporation Appoints R. Carter Pate as Chairman Robert Wolfe to Retire DENVER,…
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About RED LION HOTELS CORPORATION (NYSE:RLH)

Red Lion Hotels Corporation (RLHC) is a hospitality and leisure company. The Company is engaged in the franchising, management and ownership of hotels under the brands, including Hotel RL, Red Lion Hotel, Red Lion Inn & Suites, GuestHouse and Settle Inn & Suites (collectively the RLHC Brands). The RLHC brands represent upscale, midscale and economy hotels. The Company’s segments include company operated hotel segment, franchised hotels segment, entertainment segment and other. The hotels segment is engaged in guest room rentals, and food and beverage operations at its operated hotels. The franchised hotels segment is engaged in licensing its brands to franchisees. It offers various programs, which include its reservation system, guest loyalty program, national and regional sales, revenue management tools, quality inspections, advertising and brand standards. The entertainment segment consists of its WestCoast Entertainment and TicketsWest operations.