secwatch.observer — SEC 8-K summary
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Issuer:     Pursuit Attractions & Hospitality, Inc. (PRSU)
CIK:        0000884219
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0001140361-24-043738
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884219/000114036124043738/0001140361-24-043738-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884219/000114036124043738/ef20037469_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-043738

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer