secwatch.observer — SEC 8-K summary
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Issuer:     Travel & Leisure Co. (TNL)
CIK:        0001361658
Form:       8-K
Filed at:   2024-05-20T23:59:59+00:00
Accession:  0001361658-24-000129
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Travel + Leisure extends CEO/CFO employment agreements through May 2027
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- CEO Michael Brown and CFO Michael Hug sign amended employment agreements effective June 1, 2024, extending term to May 31, 2027.
- Brown's base salary set at $1,310,500; target annual incentive 175% of base salary.
- Severance on qualifying termination equals 299% of base salary plus highest prior three-year incentive (capped at target).
- Shareholders approved certificate amendments for officer exculpation and exclusive federal forum for Securities Act claims.
- All director nominees elected at May 15, 2024 annual meeting; Deloitte ratified as auditor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361658/000136165824000129/0001361658-24-000129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361658/000136165824000129/wyn-20240515.htm
  HTML page:      https://secwatch.observer/filing/0001361658-24-000129

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