Form 8-K - Current report
December 08 2023 - 9:06AM
Edgar (US Regulatory)
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2023-12-08
2023-12-08
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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): December 8, 2023
RYMAN HOSPITALITY PROPERTIES, INC.
(Exact name of registrant as specified
in its charter)
Delaware |
|
1-13079 |
|
73-0664379 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(I.R.S. Employer
Identification No.) |
|
One
Gaylord Drive
Nashville, Tennessee |
37214 |
|
|
(Address of principal executive offices) |
(Zip Code) |
|
Registrant’s telephone number,
including area code: (615) 316-6000
(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(s) |
|
Name of Each Exchange on
Which Registered |
Common
Stock, par value $.01 |
|
RHP |
|
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 (§230.405) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§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. ¨
On December 8, 2023, Ryman Hospitality Properties, Inc.
(the “Company”) declared a cash dividend of $1.10 per common share, to be paid on January 16, 2024 to stockholders of
record as of the close of business on December 29, 2023. Also on December 8, 2023, one of the Company’s subsidiaries,
RHP Hotel Properties, LP (“Hotel Properties”), declared that holders of partnership units (“OP Units”) in Hotel
Properties will receive a corresponding cash distribution of $1.10 per OP Unit to be paid on January 16, 2024 to holders of record
as of the close of business on December 29, 2023.
The following disclosure is provided for purposes
of compliance with rules of the Pension Benefit Guaranty Corporation (“PBGC”) relating to the Company’s frozen
defined benefit pension plan, the Retirement Plan for Employees of Ryman Hospitality Properties, Inc. (EIN/PN 73-0664379/001) (the
“Plan”). This is the fourth dividend declared by the Company during this fiscal year and the fourth distribution declared
by Hotel Properties (EIN 46-1000882) during this fiscal year. Under PBGC regulations governing events that must be reported by sponsors
and plan administrators of defined benefit pension plans, the declaration of this dividend by the Company and the declaration of the OP
Unit distribution by Hotel Properties is each considered to be an “extraordinary dividend” reportable event for the Plan.
29 CFR § 4043.31(a)(1). However, no reportable event notices need to be filed with PBGC for either of these reportable events because,
pursuant to 29 CFR § 4043.31(c)(6), reporting is waived due to the inclusion of the foregoing information in this Form 8-K
filing.
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.
|
RYMAN HOSPITALITY PROPERTIES, INC. |
|
Date: December 8, 2023 |
By: |
/s/ Scott J. Lynn |
|
Name: |
Scott J. Lynn |
|
Title: |
Executive Vice President, General Counsel and Secretary |
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