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Booking Holdings logoBooking Holdings BKNG

Booking Holdings said it appointed Ewout L. Steenbergen as Executive Vice President and Chief Financial Officer effective March 15, 2024. With his start of employment, David I. Goulden no longer serves as Chief Financial Officer.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Booking Holdings said it appointed Ewout L. Steenbergen as Executive Vice President and Chief Financial Officer effective March 15, 2024. With his start of employment, David I. Goulden no longer serves as Chief Financial Officer.

  2. The company said it entered into a letter agreement amendment with David I. Goulden on April 4, 2024. Under the agreement, he will work full-time as Executive Vice President of Finance through May 31, 2024 and part-time from June 1 to December 31, and the full-time period has been extended from March 4.

  3. The company said it will pay Goulden a base salary of $630,000 during the full-time period and $315,000 during the part-time period. He will be eligible for a cash bonus for 2024 at the target bonus level that applied to him as Chief Financial Officer, applied to the base salary he actually earns in 2024.

  4. The company said Goulden's duties will include participating in investor discussions to introduce the Incoming CFO and transition investor relations responsibilities, and assisting the Incoming CFO with the Q1 Form 10-Q and earnings announcement transition. He may take on a separate role agreed with the CEO from January 1, 2025.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Appointment of Ewout L. Steenbergen as Chief Financial Officer

Booking Holdings said it appointed Ewout L. Steenbergen as Executive Vice President and Chief Financial Officer effective March 15, 2024. With his start of employment, David I. Goulden no longer serves as Chief Financial Officer.

Source · Based on the filing body and exhibits

Goulden's Extended Employment and Part-Time Transition

The company said it entered into a letter agreement amendment with David I. Goulden on April 4, 2024. Under the agreement, he will work full-time as Executive Vice President of Finance through May 31, 2024 and part-time from June 1 to December 31, and the full-time period has been extended from March 4.

Source · Based on the filing body and exhibits

Goulden Base Salary and 2024 Cash Bonus

The company said it will pay Goulden a base salary of $630,000 during the full-time period and $315,000 during the part-time period. He will be eligible for a cash bonus for 2024 at the target bonus level that applied to him as Chief Financial Officer, applied to the base salary he actually earns in 2024.

Source · Based on the filing body and exhibits

Transition Duties and Role After January 1, 2025

The company said Goulden's duties will include participating in investor discussions to introduce the Incoming CFO and transition investor relations responsibilities, and assisting the Incoming CFO with the Q1 Form 10-Q and earnings announcement transition. He may take on a separate role agreed with the CEO from January 1, 2025.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.