8-K
filed June 3, 2022, 7:59 PM ET
ticker GBTG
CIK 0001820872
M&A
confidence high
sentiment neutral
materiality 0.90
Global Business Travel Group completes SPAC merger, starts trading as GBTG
Global Business Travel Group, Inc.
- Business combination closed May 27, 2022; combined entity now Global Business Travel Group, Inc.
- Class A common stock and warrants trade on NYSE under GBTG and GBTG.WS.
- Sponsor received 20.3M shares; 12.3M vested immediately, 8.1M subject to $12.50/$15.00 price targets.
- Board set at 11 directors with nominees from Amex HoldCo, Juweel, Expedia, Sponsor and independents.
- 2022 Equity Incentive Plan approved with 47.87M shares reserved; director cap $750K per year.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
James P. Bush was appointed as Class II Director at Global Business Travel Group, Inc..
- Action
- appointed
- Role
- Class II Director
Exact text from the filing
Effective as of the consummation of the Business Combination, Paul Abbott, Eric Hart and Kathleen Winters were appointed as Class I directors, James P. Bush, Richard Petrino, Mohammed Saif S.S. Al-Sowaidi and Susan Ward were appointed as Class II directors and Gloria Guevara Manzo, Raymond Donald Joabar, Michael Gregory (Greg) O’Hara and Itai Wallach were appointed as Class III directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Eric Hart was appointed as Class I Director at Global Business Travel Group, Inc..
- Action
- appointed
- Role
- Class I Director
Exact text from the filing
Effective as of the consummation of the Business Combination, Paul Abbott, Eric Hart and Kathleen Winters were appointed as Class I directors, James P. Bush, Richard Petrino, Mohammed Saif S.S. Al-Sowaidi and Susan Ward were appointed as Class II directors and Gloria Guevara Manzo, Raymond Donald Joabar, Michael Gregory (Greg) O’Hara and Itai Wallach were appointed as Class III directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
James H. Simmons III departed as Director at Global Business Travel Group, Inc..
- Action
- ceased serving
- Role
- Director
Exact text from the filing
Sanjay Patel, Scott Kleinman, Jennifer Fleiss, Mitch Garber and James H. Simmons III ceased serving on APSG’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Susan Ward was appointed as Class II Director at Global Business Travel Group, Inc..
- Action
- appointed
- Role
- Class II Director
Exact text from the filing
Effective as of the consummation of the Business Combination, Paul Abbott, Eric Hart and Kathleen Winters were appointed as Class I directors, James P. Bush, Richard Petrino, Mohammed Saif S.S. Al-Sowaidi and Susan Ward were appointed as Class II directors and Gloria Guevara Manzo, Raymond Donald Joabar, Michael Gregory (Greg) O’Hara and Itai Wallach were appointed as Class III directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard Petrino was appointed as Class II Director at Global Business Travel Group, Inc..
- Action
- appointed
- Role
- Class II Director
Exact text from the filing
Effective as of the consummation of the Business Combination, Paul Abbott, Eric Hart and Kathleen Winters were appointed as Class I directors, James P. Bush, Richard Petrino, Mohammed Saif S.S. Al-Sowaidi and Susan Ward were appointed as Class II directors and Gloria Guevara Manzo, Raymond Donald Joabar, Michael Gregory (Greg) O’Hara and Itai Wallach were appointed as Class III directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Scott Kleinman departed as Director at Global Business Travel Group, Inc..
- Action
- ceased serving
- Role
- Director
Exact text from the filing
Sanjay Patel, Scott Kleinman, Jennifer Fleiss, Mitch Garber and James H. Simmons III ceased serving on APSG’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mitch Garber departed as Director at Global Business Travel Group, Inc..
- Action
- ceased serving
- Role
- Director
Exact text from the filing
Sanjay Patel, Scott Kleinman, Jennifer Fleiss, Mitch Garber and James H. Simmons III ceased serving on APSG’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Raymond Donald Joabar was appointed as Class III Director at Global Business Travel Group, Inc..
- Action
- appointed
- Role
- Class III Director
Exact text from the filing
Effective as of the consummation of the Business Combination, Paul Abbott, Eric Hart and Kathleen Winters were appointed as Class I directors, James P. Bush, Richard Petrino, Mohammed Saif S.S. Al-Sowaidi and Susan Ward were appointed as Class II directors and Gloria Guevara Manzo, Raymond Donald Joabar, Michael Gregory (Greg) O’Hara and Itai Wallach were appointed as Class III directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christopher Van Vliet was appointed as Chief Accounting Officer at Global Business Travel Group, Inc..
- Action
- appointed
- Role
- Chief Accounting Officer
Exact text from the filing
Effective as of the consummation of the Business Combination, Paul Abbot was appointed as PubCo’s Chief Executive Officer, Andrew George Crawley was appointed as PubCo’s Chief Commercial Officer, Martine Gerow was appointed as PubCo’s Chief Financial Officer and Christopher Van Vliet was appointed as PubCo’s Chief Accounting Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Paul Abbott was appointed as Chief Executive Officer at Global Business Travel Group, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
Effective as of the consummation of the Business Combination, Paul Abbot was appointed as PubCo’s Chief Executive Officer, Andrew George Crawley was appointed as PubCo’s Chief Commercial Officer, Martine Gerow was appointed as PubCo’s Chief Financial Officer and Christopher Van Vliet was appointed as PubCo’s Chief Accounting Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gloria Guevara Manzo was appointed as Class III Director at Global Business Travel Group, Inc..
- Action
- appointed
- Role
- Class III Director
Exact text from the filing
Effective as of the consummation of the Business Combination, Paul Abbott, Eric Hart and Kathleen Winters were appointed as Class I directors, James P. Bush, Richard Petrino, Mohammed Saif S.S. Al-Sowaidi and Susan Ward were appointed as Class II directors and Gloria Guevara Manzo, Raymond Donald Joabar, Michael Gregory (Greg) O’Hara and Itai Wallach were appointed as Class III directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sanjay Patel departed as Director at Global Business Travel Group, Inc..
- Action
- ceased serving
- Role
- Director
Exact text from the filing
Sanjay Patel, Scott Kleinman, Jennifer Fleiss, Mitch Garber and James H. Simmons III ceased serving on APSG’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kathleen Winters was appointed as Class I Director at Global Business Travel Group, Inc..
- Action
- appointed
- Role
- Class I Director
Exact text from the filing
Effective as of the consummation of the Business Combination, Paul Abbott, Eric Hart and Kathleen Winters were appointed as Class I directors, James P. Bush, Richard Petrino, Mohammed Saif S.S. Al-Sowaidi and Susan Ward were appointed as Class II directors and Gloria Guevara Manzo, Raymond Donald Joabar, Michael Gregory (Greg) O’Hara and Itai Wallach were appointed as Class III directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jennifer Fleiss departed as Director at Global Business Travel Group, Inc..
- Action
- ceased serving
- Role
- Director
Exact text from the filing
Sanjay Patel, Scott Kleinman, Jennifer Fleiss, Mitch Garber and James H. Simmons III ceased serving on APSG’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Itai Wallach was appointed as Class III Director at Global Business Travel Group, Inc..
- Action
- appointed
- Role
- Class III Director
Exact text from the filing
Effective as of the consummation of the Business Combination, Paul Abbott, Eric Hart and Kathleen Winters were appointed as Class I directors, James P. Bush, Richard Petrino, Mohammed Saif S.S. Al-Sowaidi and Susan Ward were appointed as Class II directors and Gloria Guevara Manzo, Raymond Donald Joabar, Michael Gregory (Greg) O’Hara and Itai Wallach were appointed as Class III directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mohammed Saif S.S. Al-Sowaidi was appointed as Class II Director at Global Business Travel Group, Inc..
- Action
- appointed
- Role
- Class II Director
Exact text from the filing
Effective as of the consummation of the Business Combination, Paul Abbott, Eric Hart and Kathleen Winters were appointed as Class I directors, James P. Bush, Richard Petrino, Mohammed Saif S.S. Al-Sowaidi and Susan Ward were appointed as Class II directors and Gloria Guevara Manzo, Raymond Donald Joabar, Michael Gregory (Greg) O’Hara and Itai Wallach were appointed as Class III directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Gregory (Greg) O’Hara was appointed as Class III Director at Global Business Travel Group, Inc..
- Action
- appointed
- Role
- Class III Director
Exact text from the filing
Effective as of the consummation of the Business Combination, Paul Abbott, Eric Hart and Kathleen Winters were appointed as Class I directors, James P. Bush, Richard Petrino, Mohammed Saif S.S. Al-Sowaidi and Susan Ward were appointed as Class II directors and Gloria Guevara Manzo, Raymond Donald Joabar, Michael Gregory (Greg) O’Hara and Itai Wallach were appointed as Class III directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Martine Gerow was appointed as Chief Financial Officer at Global Business Travel Group, Inc..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
Effective as of the consummation of the Business Combination, Paul Abbot was appointed as PubCo’s Chief Executive Officer, Andrew George Crawley was appointed as PubCo’s Chief Commercial Officer, Martine Gerow was appointed as PubCo’s Chief Financial Officer and Christopher Van Vliet was appointed as PubCo’s Chief Accounting Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Paul Abbott was appointed as Class I Director at Global Business Travel Group, Inc..
- Action
- appointed
- Role
- Class I Director
Exact text from the filing
Effective as of the consummation of the Business Combination, Paul Abbott, Eric Hart and Kathleen Winters were appointed as Class I directors, James P. Bush, Richard Petrino, Mohammed Saif S.S. Al-Sowaidi and Susan Ward were appointed as Class II directors and Gloria Guevara Manzo, Raymond Donald Joabar, Michael Gregory (Greg) O’Hara and Itai Wallach were appointed as Class III directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Andrew George Crawley was appointed as Chief Commercial Officer at Global Business Travel Group, Inc..
- Action
- appointed
- Role
- Chief Commercial Officer
Exact text from the filing
Effective as of the consummation of the Business Combination, Paul Abbot was appointed as PubCo’s Chief Executive Officer, Andrew George Crawley was appointed as PubCo’s Chief Commercial Officer, Martine Gerow was appointed as PubCo’s Chief Financial Officer and Christopher Van Vliet was appointed as PubCo’s Chief Accounting Officer.
View on SEC.gov
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