secwatch.observer — SEC 8-K summary
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Issuer:     CHOICE HOTELS INTERNATIONAL INC /DE (CHH)
CIK:        0001046311
Form:       8-K
Filed at:   2026-05-20T20:10:20+00:00
Accession:  0001193125-26-232581
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Choice Hotels CEO Patrick Pacious steps down; Dominic Dragisich named interim CEO
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- Patrick Pacious steps down as President & CEO effective May 20, 2026; will serve as advisor through Aug 31, 2026.
- Dominic Dragisich, former CFO and Chief Growth & Strategy Officer, appointed Interim CEO effective May 20, 2026.
- Board will conduct search for permanent CEO, considering internal and external candidates.
- Separation agreement includes cash severance of 200% of base salary + target bonus, equity vesting, and benefits.
- Company reaffirms full-year 2026 financial outlook provided on April 30, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046311/000119312526232581/0001193125-26-232581-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046311/000119312526232581/d228027d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-232581

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