Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
OnJune 9, 2022 ,Marriott Vacations Worldwide Corporation (the "Company") announced thatStephen P. Weisz has decided to retire as the Company's Chief Executive Officer at the end of the Company's fiscal year onDecember 31, 2022 .Mr. Weisz , however, will remain as an advisor to assist in the transition throughFebruary 17, 2023 . The Company also announced current President,John E. Geller , Jr., will succeedMr. Weisz as President and Chief Executive Officer effectiveJanuary 1, 2023 .Mr. Geller (age 55) has served as our President sinceOctober 2021 . FromJanuary 2021 toOctober 2021 , he served as our President and Chief Financial Officer. FromJanuary 2018 toJanuary 2021 , he served as our Executive Vice President and Chief Financial and Administrative Officer. From 2009 toDecember 2017 , he served as our Executive Vice President and Chief Financial Officer.Mr. Geller joined Marriott International in 2005 as Senior Vice President and Chief Audit Executive and Information Security Officer. There are no arrangements or understandings betweenMr. Geller and any other persons pursuant to whichMr. Geller was selected as President and Chief Executive Officer of the Company. There are no family relationships betweenMr. Geller and any director or executive officer of the Company, andMr. Geller has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended, nor are any such transactions currently proposed.
A copy of the news release announcing these actions is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number Description 99.1Marriott Vacations Worldwide Corporation News
Release dated
101 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
--------------------------------------------------------------------------------
© Edgar Online, source