secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK:        0001524358
Form:       8-K
Filed at:   2025-11-10T23:59:59+00:00
Accession:  0001524358-25-000168
Event type: leadership
Sentiment:  negative
Materiality: 0.85
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marriott Vacations CEO Geller resigns at board request; Avril named interim CEO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524358/000152435825000168/0001524358-25-000168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524358/000152435825000168/vac-20251108.htm
  HTML page:      https://secwatch.observer/filing/0001524358-25-000168

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