secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK:        0001524358
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0001524358-23-000033
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Maui wildfires to cut Q3 contract sales by $25-30M, Adjusted EBITDA by $22-27M
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- Physical damage minimal; all Owner/exchange reservations cancelled through Sept 10; transient through Sept end.
- Q3 contract sales expected loss of $25-30M, net income loss of $16-19M, Adj. EBITDA loss of $22-27M.
- Nearly 1,700 Maui associates affected; Company providing disaster pay, housing, food, supplies, counseling.
- Fourth-quarter impact depends on resort reopening timing and travel recovery to Maui.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524358/000152435823000033/0001524358-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524358/000152435823000033/vac-20230831.htm
  HTML page:      https://secwatch.observer/filing/0001524358-23-000033

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