leadership
confidence high
sentiment neutral
materiality 0.35
Choice Hotels CHRO Patrick Cimerola to transition from role at end of 2026; advisor through June 30, 2027
CHOICE HOTELS INTERNATIONAL INC /DE
- Choice Hotels and CHRO Patrick Cimerola agreed he will transition from the CHRO role at the end of 2026 on Sept. 29, 2026.
- Effective Jan. 1, 2027, Cimerola is expected to remain an employee through June 30, 2027 as a special advisor, receiving $25,000 per month.
- As advisor he keeps benefit plans and perquisites, but is not eligible for future equity awards or a 2027 cash bonus; prior unvested equity continues vesting.
- On the June 30, 2027 Separation Date, he is entitled to termination-without-cause benefits under his Aug. 1, 2011 agreement, amended Dec. 31, 2025, using Dec. 31, 2026 base salary.
- Jeffrey W. Lobb, Senior VP, General Counsel & Secretary, signed the Oct. 1, 2026 filing.