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): September 10, 2018
SABRE CORPORATION
(Exact name of registrant as specified in its charter)
Delaware | 001-36422 | 20-8647322 | ||
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (IRS Employer Identification No.) | ||
3150 Sabre Drive Southlake, TX | 76092 | |
(Address of principal executive offices) | (Zip Code) | |
(682) 605-1000
(Registrant’s telephone number, including area code)
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))
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 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If 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. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 10, 2018, Greg Mondre notified Sabre Corporation (“Sabre”) of his retirement from Sabre’s Board of Directors, as well as from the Compensation Committee and the Executive Committee, effective December 31, 2018. Mr. Mondre’s decision to retire is not the result of any disagreement with Sabre or its management with respect to any matter relating to Sabre’s operations, policies or practices. A copy of the press release announcing Mr. Mondre’s retirement is included as Exhibit 99.1
In connection with Mr. Mondre’s retirement, the Board of Directors will appoint Joseph Osnoss to the Compensation Committee and the Executive Committee, and reduce the size of the Board to ten directors, effective December 31, 2018.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
99.1 Press Release, dated September 11, 2018.
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.
Sabre Corporation | ||
Dated: September 11, 2018 | By: | /s/ Aimee Williams-Ramey |
Name: Title: | Aimee Williams-Ramey | |
Senior Vice President and General Counsel | ||
Exhibit 99.1
Greg Mondre to retire from Sabre board of directors
SOUTHLAKE, Texas – Sept. 11, 2018 – Sabre Corporation (NASDAQ: SABR) today announced that Greg Mondre plans to retire from its board of directors, effective December 31, 2018.
Mondre is a managing partner and managing director with Silver Lake and has served on Sabre’s board of directors since March 2007. He currently serves as a member of both the compensation committee and the executive committee of the board.
“Greg recognized the potential of Sabre’s industry leadership when he helped lead the take-private transaction of the business in 2007,” said Larry Kellner, Sabre chairman of the board. “Since that time, his experience and business acumen have been key contributors to our success, helping position the company for continued growth going forward. I want to thank Greg for his service over the past 11 years, which will continue to have a lasting impact on the company for years to come.”
"Greg’s contributions on our board have been invaluable," added Sean Menke, Sabre president and CEO. "I am personally grateful for his perspective and partnership during my transition to CEO in early 2017, and I wish him well in the future."
In connection with Mondre’s retirement, the size of board will be reduced to ten directors, and Joe Osnoss will be appointed to the compensation committee and the executive committee of the board, effective December 31.
About Sabre
Sabre Corporation is the leading technology provider to the global travel industry. Sabre’s software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than US$120 billion of global travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.
SABR-F
Media contact: sabrenews@sabre.com Investor contact: sabre.investorrelations@sabre.com