---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-134608"
form_type: "8-K"
ticker: "PRSU"
cik: "0000884219"
company_name: "Pursuit Attractions & Hospitality, Inc."
filed_at: "2024-12-09T23:59:59+00:00"
generated_at: "2026-05-29T06:01:17.371992+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Viad Corp to convert all Preferred Stock into common on Dec 31; eliminates $8M annual dividend

## Summary
- All 135,000 shares of 5.5% Series A Convertible Preferred Stock to be converted into ~6.7M shares of common stock on Dec 31, 2024.
- Conversion triggered by VVI common stock VWAP exceeding $42.50 for 20 of 30 consecutive trading days; threshold met Dec 6.
- Post-conversion, common shares outstanding will increase from ~21.3M to ~28M; no preferred shares remain.
- Annual cash dividend savings of ~$8 million from eliminating preferred stock dividends; simplifies capital structure.
- Separately, Pursuit to become standalone public company upon GES sale expected Dec 31; Viad to rename to Pursuit, ticker PRSU.

## SEC filing metadata
- accession: 0000950170-24-134608
- form_type: 8-K
- ticker: PRSU
- cik: 0000884219
- company_name: Pursuit Attractions & Hospitality, Inc.
- filed_at: 2024-12-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884219/000095017024134608/0000950170-24-134608-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884219/000095017024134608/vvi-20241209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-134608
- JSON: https://secwatch.observer/filing/0000950170-24-134608.json
- Plain text: https://secwatch.observer/filing/0000950170-24-134608.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.