Sabre appoints Constellation Software exec to board; ends poison pill

Sabre Corp

Appoints Damian McKay (CEO Vela Software, Constellation division) to Sabre board; effective within 10 business days.
Constellation holds ~12.7% of Sabre shares; standstill caps ownership at 15% during specified period.
Sabre terminates March 1, 2026 shareholder rights plan (poison pill); expiration accelerated to close on March 6, 2026.
Constellation withdraws prior director nomination notice; parties agree to mutual non-disparagement and confidentiality.
McKay will serve on Technology Committee; receives annual cash retainer of $90,000 plus equity awards.

item 1.01 item 5.02 item 1.02 item 3.03 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Sabre Corp: Filed a Certificate of Designations of Series B Preferred Stock in connection with adoption of a Rights Agreement (effective 2026-03-01).

Change: charter amendment
Effective: 2026-03-01

Exact text from the filing

In connection with the adoption of the Rights Agreement, on March 1, 2026, the Company filed a Certificate of Designations of Series B Preferred Stock with the Secretary of State of the State of Delaware setting forth the rights, powers and preferences of the Series B Preferred Stock issuable upon exercise of the Rights (the “Preferred Shares”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sabre Corp entered into Strategic Governance Agreement with Constellation Canadian Holdings Inc. and Constellation Software Inc. (effective 2026-03-05).

Action: entry
Counterparty: Constellation Canadian Holdings Inc. and Constellation Software Inc.
Effective: 2026-03-05

Exact text from the filing

On March 5, 2026 (the "Effective Date"), Sabre Corporation, a Delaware corporation (the "Company") entered into a Strategic Governance Agreement (the "Agreement") with Constellation Canadian Holdings Inc., an Ontario corporation and Constellation Software Inc., an Ontario corporation

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Sabre Corp filing history →

Source: SEC EDGAR

accession 0001193125-26-094301

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