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Expedia Group logoExpedia Group EXPE

The company said it announced on December 19, 2024 the appointment of Scott Schenkel as Chief Financial Officer, effective the day after it files its Form 10-K Annual Report for fiscal 2024. Julie Whalen will continue as Chief Financial Officer until then.

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

Key points

AI summary
  1. The company said it announced on December 19, 2024 the appointment of Scott Schenkel as Chief Financial Officer, effective the day after it files its Form 10-K Annual Report for fiscal 2024. Julie Whalen will continue as Chief Financial Officer until then.

  2. The company said Schenkel served as Interim CEO of eBay Inc. from September 2019 through April 2020 and as its Senior Vice President and Chief Financial Officer from 2015 to 2019, and that he sits on the boards of NetApp, Inc. and Pinterest, Inc.

  3. The company agreed to pay Schenkel an annual base salary of $1,000,000 starting on his start date, and a signing bonus of $3,000,000 on that date and $2,200,000 on December 15, 2025, subject to his continued employment through that date.

  4. The company said it granted Schenkel 87,163 restricted stock units on the Start Date and that he will be eligible for annual equity awards with a target value of $10,000,000 beginning in 2025. The company also said that in a Qualifying Termination, which does not include a termination for cause or without good reason, Expedia would continue to pay his base salary for 12 months.

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.

Scott Schenkel Appointed Chief Financial Officer

The company said it announced on December 19, 2024 the appointment of Scott Schenkel as Chief Financial Officer, effective the day after it files its Form 10-K Annual Report for fiscal 2024. Julie Whalen will continue as Chief Financial Officer until then.

Source · Based on the filing body and exhibits

Schenkel's Background and Board Service

The company said Schenkel served as Interim CEO of eBay Inc. from September 2019 through April 2020 and as its Senior Vice President and Chief Financial Officer from 2015 to 2019, and that he sits on the boards of NetApp, Inc. and Pinterest, Inc.

Source · Based on the filing body and exhibits

Base Salary and Signing Bonus Terms

The company agreed to pay Schenkel an annual base salary of $1,000,000 starting on his start date, and a signing bonus of $3,000,000 on that date and $2,200,000 on December 15, 2025, subject to his continued employment through that date.

Source · Based on the filing body and exhibits

Equity Awards and Severance Terms

The company said it granted Schenkel 87,163 restricted stock units on the Start Date and that he will be eligible for annual equity awards with a target value of $10,000,000 beginning in 2025. The company also said that in a Qualifying Termination, which does not include a termination for cause or without good reason, Expedia would continue to pay his base salary for 12 months.

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.