Viad Corp sells GES/Spiro for $535M; CEO Moster steps down, Barry named successor

Pursuit Attractions & Hospitality, Inc.

Viad to sell GES and Spiro businesses for $535M ($510M base + $25M deferred) to TL Voltron Purchaser.
Closing conditioned on HSR clearance; expected by April 30, 2025; Buyer pays $25M termination fee if fails to close.
CEO Steven Moster steps down upon close; David Barry (Pursuit President) becomes President & CEO with $750K base, 100% target bonus, $3M LTI.
COO Derek Linde and Spiro President Jeffrey Stelmach step down; receive $1.7M and $1.55M transaction incentive awards.
Buyer has committed debt and equity financing; limited guaranty for termination fee from Buyer's affiliates.

item 1.01 item 5.02 item 9.01

Executive movements

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

Departed

Derek P. Linde

Chief Operating Officer

PRSU · Pursuit Attractions & Hospitality, Inc.

Filed: October 21, 2024, 7:59 PM ET

Transaction-Related Compensation and Executive Departures In connection with the Transaction, Derek P. Linde, Chief Operating Officer of the Company and President

Appointed

David W. Barry

President and Chief Executive Officer

PRSU · Pursuit Attractions & Hospitality, Inc.

Filed: October 21, 2024, 7:59 PM ET

David W. Barry, the current President of Pursuit, to serve as the Company’s President and Chief Executive Officer, contingent upon and effective as of the closing of the Transaction.

Departed

Steven W. Moster

President and Chief Executive Officer

PRSU · Pursuit Attractions & Hospitality, Inc.

Successor: David W. Barry
Filed: October 21, 2024, 7:59 PM ET

Steven W. Moster, President and Chief Executive Officer of the Company, who will step down from his role at the Company, contingent upon and effective as of the closing of the Transaction.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.8

Derek P. Linde departed as Chief Operating Officer at Pursuit Attractions & Hospitality, Inc..

Action: departing
Role: Chief Operating Officer

Exact text from the filing

Transaction-Related Compensation and Executive Departures In connection with the Transaction, Derek P. Linde, Chief Operating Officer of the Company and President

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David W. Barry was appointed as President and Chief Executive Officer at Pursuit Attractions & Hospitality, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

David W. Barry, the current President of Pursuit, to serve as the Company’s President and Chief Executive Officer, contingent upon and effective as of the closing of the Transaction.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven W. Moster departed as President and Chief Executive Officer at Pursuit Attractions & Hospitality, Inc..

Action: step down
Role: President and Chief Executive Officer

Exact text from the filing

Steven W. Moster, President and Chief Executive Officer of the Company, who will step down from his role at the Company, contingent upon and effective as of the closing of the Transaction.

View on SEC.gov

Pursuit Attractions & Hospitality, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-24-043738

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