Marriott Vacations appoints Impactive Capital co-founder Asmar to board; standstill agreed

MARRIOTT VACATIONS WORLDWIDE Corp

Christian Asmar, Impactive Capital co-founder, appointed to board immediately; Impactive owns ~9.5% of VAC.
Standstill runs until 30 days before 2026 annual meeting advance notice deadline; extends if Asmar renominated.
Board expands to 12 directors (11 independent); Asmar joins Compensation Policy Committee.
Company to form two new ad hoc committees: one for modernization (revenue growth/cost efficiency) and one for tech innovation.
Impactive agrees to vote for Board nominees and caps ownership at 12%; mutual non-disparagement in place.

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Appointed

Christian A. Asmar

Director

VAC · MARRIOTT VACATIONS WORLDWIDE Corp

Effective: 2025-05-27
Filed: May 27, 2025 23:59 UTC

The Board, upon the recommendation of the Nominating and Corporate Governance Committee of the Board, voted to appoint Christian A. Asmar as a director of the Board and a member of the Compensation Policy Committee effective upon execution of the Support Agreement

Source: SEC EDGAR

accession 0001524358-25-000126

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