Alliance Data completes spinoff of LoyaltyOne segment; retains 19% stake

BREAD FINANCIAL HOLDINGS, INC.

Separation of LoyaltyOne (AIR MILES, BrandLoyalty) into independent Loyalty Ventures Inc. completed Nov. 5, 2021.
ADS stockholders received 1 share of LYLT for every 2.5 ADS shares held on Oct. 27, 2021 record date.
Loyalty Ventures begins trading on Nasdaq under ticker LYLT; ADS retains 19% ownership and plans tax-efficient divestiture.
J. Bryan Campbell appointed SVP and Chief Accounting Officer (effective Nov. 8, 2021), succeeding Laura Santillan.
ADS says spinoff simplifies business model, focuses on Card Services growth.

item 1.01 item 1.02 item 2.01 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

J. Bryan Campbell

Senior Vice President and Chief Accounting Officer

BFH · BREAD FINANCIAL HOLDINGS, INC.

Effective: 2021-11-08
Filed: November 8, 2021, 6:59 PM ET

appointed J. Bryan Campbell as Senior Vice President and Chief Accounting Officer of ADS, effective November 8, 2021.

Departed

Laura Santillan

Senior Vice President and Chief Accounting Officer

BFH · BREAD FINANCIAL HOLDINGS, INC.

Effective: 2021-11-08
Successor: J. Bryan Campbell
Filed: November 8, 2021, 6:59 PM ET

Mr. Campbell will succeed Laura Santillan, who, in connection with the Separation, has become Senior Vice President and Chief Accounting Officer of Loyalty Ventures.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

J. Bryan Campbell was appointed as Senior Vice President and Chief Accounting Officer at BREAD FINANCIAL HOLDINGS, INC..

Action: appointed
Role: Senior Vice President and Chief Accounting Officer

Exact text from the filing

appointed J. Bryan Campbell as Senior Vice President and Chief Accounting Officer of ADS, effective November 8, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Laura Santillan departed as Senior Vice President and Chief Accounting Officer at BREAD FINANCIAL HOLDINGS, INC..

Action: succeeded
Role: Senior Vice President and Chief Accounting Officer

Exact text from the filing

Mr. Campbell will succeed Laura Santillan, who, in connection with the Separation, has become Senior Vice President and Chief Accounting Officer of Loyalty Ventures.

View on SEC.gov

BREAD FINANCIAL HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001101215-21-000188

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.