Sabre announces CEO succession: Kurt Ekert to become CEO, Sean Menke transitions to Executive Chair

Sabre Corp

Sean Menke steps down as CEO effective April 27, 2023, becomes Executive Chair; Kurt Ekert, current President, becomes CEO and President.
Menke's new employment agreement: base salary $750k as Executive Chair, $25k/month as Special Advisor, one-time equity award of $2M in RSUs.
Ekert's offer letter: base salary $900k, annual bonus target 135% of base, eligible for equity award up to $5.5M.
Ekert nominated for election to Board at 2023 Annual Meeting on April 26, 2023.
Menke to remain Executive Chair through at least April 2024; may transition to Special Advisor with 30 days' notice.

item 5.02 item 7.01 item 9.01

Executive movements

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

Appointed

Kurt J. Ekert

Chief Executive Officer and President

SABR · Sabre Corp

Effective: 2023-04-27
Filed: March 1, 2023, 6:59 PM ET

On March 1, 2023, Sabre Corporation (“Sabre”) announced that, effective April 27, 2023, Sean Menke, current Chair of the Board of Directors and Chief Executive Officer (“Chief Executive Officer”) of Sabre, will transition his role as CEO to Kurt J. Ekert, current President of Sabre.

Role change

Sean Menke

Executive Chair of the Board

SABR · Sabre Corp

Effective: 2023-04-27
Successor: Kurt J. Ekert
Filed: March 1, 2023, 6:59 PM ET

On March 1, 2023, Sabre Corporation (“Sabre”) announced that, effective April 27, 2023, Sean Menke, current Chair of the Board of Directors and Chief Executive Officer (“Chief Executive Officer”) of Sabre, will transition his role as CEO to Kurt J. Ekert, current President of Sabre.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kurt J. Ekert was appointed as Chief Executive Officer and President at Sabre Corp.

Action: appointed
Role: Chief Executive Officer and President

Exact text from the filing

On March 1, 2023, Sabre Corporation (“Sabre”) announced that, effective April 27, 2023, Sean Menke, current Chair of the Board of Directors and Chief Executive Officer (“Chief Executive Officer”) of Sabre, will transition his role as CEO to Kurt J. Ekert, current President of Sabre.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sean Menke changed role as Executive Chair of the Board at Sabre Corp.

Action: transitioned
Role: Executive Chair of the Board

Exact text from the filing

On March 1, 2023, Sabre Corporation (“Sabre”) announced that, effective April 27, 2023, Sean Menke, current Chair of the Board of Directors and Chief Executive Officer (“Chief Executive Officer”) of Sabre, will transition his role as CEO to Kurt J. Ekert, current President of Sabre.

View on SEC.gov

Sabre Corp filing history →

Source: SEC EDGAR

accession 0001193125-23-055196

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