8-K filed August 3, 2021, 7:59 PM ET ticker HGV CIK 0001674168

M&A confidence high sentiment positive materiality 0.90

HGV closes Diamond Resorts acquisition; Apollo gets board seats, $1.3B loan

Hilton Grand Vacations Inc.

Closed acquisition of Diamond Resorts (92 properties) for approximately 33.9M HGV shares and cash in lieu of fractions.
Entered $1.3B senior secured term loan due 2028 at LIBOR+3.00% (or base+2.00%); proceeds used for Merger and debt repayment.
Apollo gets 2 board seats (David Sambur, Alex van Hoek); 160-day lock-up; standstill until after next annual meeting+90 days.
Issued 33,925,901 unregistered HGV shares to Diamond stockholders as merger consideration.

item 1.01 item 5.02 item 2.01 item 2.03 item 3.02 item 8.01 item 9.01

Executive movements

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

Role change

Gordon S. Gurnik

Senior Executive Vice President and Chief Operating Officer

HGV · Hilton Grand Vacations Inc.

Filed: August 3, 2021, 7:59 PM ET

Gordon S. Gurnik’s title was changed from Executive Vice President and Chief Operating Officer to Senior Executive Vice President and Chief Operating Officer

Appointed

David Sambur

Director

HGV · Hilton Grand Vacations Inc.

Effective: 2021-08-02
Filed: August 3, 2021, 7:59 PM ET

the Board approved an increase in the size of the Board from seven to nine members and the appointments of Messrs. David Sambur and Alex von Hoek to fill the vacancies created by the increase

Appointed

Alex von Hoek

Director

HGV · Hilton Grand Vacations Inc.

Effective: 2021-08-02
Filed: August 3, 2021, 7:59 PM ET

the Board approved an increase in the size of the Board from seven to nine members and the appointments of Messrs. David Sambur and Alex von Hoek to fill the vacancies created by the increase

Role change

Daniel J. Mathewes

Senior Executive Vice President and Chief Financial Officer

HGV · Hilton Grand Vacations Inc.

Filed: August 3, 2021, 7:59 PM ET

Daniel J. Mathewes’s title was changed from Executive Vice President and Chief Financial Officer to Senior Executive Vice President and Chief Financial Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gordon S. Gurnik changed role as Senior Executive Vice President and Chief Operating Officer at Hilton Grand Vacations Inc..

Action: promoted
Role: Senior Executive Vice President and Chief Operating Officer

Exact text from the filing

Gordon S. Gurnik’s title was changed from Executive Vice President and Chief Operating Officer to Senior Executive Vice President and Chief Operating Officer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Sambur was appointed as Director at Hilton Grand Vacations Inc..

Action: appointed
Role: Director

Exact text from the filing

the Board approved an increase in the size of the Board from seven to nine members and the appointments of Messrs. David Sambur and Alex von Hoek to fill the vacancies created by the increase

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Alex von Hoek was appointed as Director at Hilton Grand Vacations Inc..

Action: appointed
Role: Director

Exact text from the filing

the Board approved an increase in the size of the Board from seven to nine members and the appointments of Messrs. David Sambur and Alex von Hoek to fill the vacancies created by the increase

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel J. Mathewes changed role as Senior Executive Vice President and Chief Financial Officer at Hilton Grand Vacations Inc..

Action: promoted
Role: Senior Executive Vice President and Chief Financial Officer

Exact text from the filing

Daniel J. Mathewes’s title was changed from Executive Vice President and Chief Financial Officer to Senior Executive Vice President and Chief Financial Officer

View on SEC.gov

Hilton Grand Vacations Inc. filing history →

Source: SEC EDGAR

accession 0001193125-21-235002

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