{"schema_version":"secwatch.filing_event.v1","accession":"0001524358-25-000168","form_type":"8-K","ticker":"VAC","cik":"0001524358","company_name":"MARRIOTT VACATIONS WORLDWIDE Corp","filed_at":"2025-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.627180+00:00","generated_at":"2026-05-16T22:21:50.672100+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Marriott Vacations CEO Geller resigns at board request; Avril named interim CEO","bullets":["John Geller resigned as President/CEO and director at board's request effective Nov 10; not due to disagreement.","Separation includes $5M severance (2x salary+bonus) plus $1.29M prorated bonus, restrictive covenants.","Board appointed Matthew Avril as Interim President/CEO; base salary $1M/yr plus equity (SARs 100k shares, RSUs 50k shares).","Company reaffirms 2025 guidance issued Nov 5; postpones Dec 17 Investor Day indefinitely.","Company intends to repurchase shares opportunistically under remaining $347M buyback authorization."],"urls":{"canonical":"https://secwatch.observer/filing/0001524358-25-000168","json":"https://secwatch.observer/filing/0001524358-25-000168.json","markdown":"https://secwatch.observer/filing/0001524358-25-000168.md","text":"https://secwatch.observer/filing/0001524358-25-000168.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1524358/000152435825000168/0001524358-25-000168-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1524358/000152435825000168/vac-20251108.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T22:21:50.672100+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}