UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event Reported): November 21, 2019 (November 15, 2019)

 

 

RED LION HOTELS CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

 

 

Washington   001-13957   91-1032187

(State or Other Jurisdiction

of Incorporation)

 

(Commission

file number)

 

(I.R.S. Employer

Identification No.)

1550 Market St. #350, Denver, Colorado 80202

(Address of Principal Executive Offices)

(509) 459-6100

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol

 

Name of each exchange

on which registered

Common Stock   RLH   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


Item 5.02 Departures of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 15, 2019, in connection with the resignation of Gregory T. Mount as President and Chief Executive Officer, the company entered into a mutual general release of claims with Mr. Mount, which agreement confirmed Mr. Mount’s last date of employment, and provided for a modification to the definition of “Competing Business” contained in his offer letter dated February 27, 2015 to reflect the company’s focus on hotel franchising and hotel technology services. No revisions were made to the severance payable to Mr. Mount pursuant to the terms of his offer letter, which is equal to one year of his base salary or $556,000. There is no acceleration of vesting of any of Mr. Mount’s previously issued equity in connection with his resignation.

The general release has been filed as Exhibit 10.1 to this report.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

 

Exhibit Number

  

Description

10.1    General Release of Claims between the Company and Gregory T. Mount


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Red Lion Hotels Corporation

/s/ Thomas L. McKeirnan

Thomas L. McKeirnan
Executive Vice President, General Counsel and Secretary

Date: November 21, 2019

Red Lion Hotels (NYSE:RLH)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Red Lion Hotels Charts.
Red Lion Hotels (NYSE:RLH)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Red Lion Hotels Charts.