Sabre Corp false 0001597033 0001597033 2023-05-08 2023-05-08 0001597033 us-gaap:CommonStockMember 2023-05-08 2023-05-08 0001597033 us-gaap:SeriesAPreferredStockMember 2023-05-08 2023-05-08





Washington, D.C. 20549







Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 8, 2023




(Exact name of registrant as specified in its charter)




Delaware   001-36422   20-8647322

(State or other jurisdiction of

incorporation or organization)



File Number)


(IRS Employer

Identification No.)


3150 Sabre Drive

Southlake, TX

(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))

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


Title of each class





Name of each exchange

on which registered

Common Stock, $.01 par value   SABR   The Nasdaq Stock Market LLC
6.50% Series A Mandatory Convertible Preferred Stock   SABRP   The Nasdaq Stock Market LLC

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 May 8, 2023, Sabre Corporation (“Sabre”) approved David Moore’s ceasing to serve as Executive Vice President and Chief Technology Officer of Sabre, effective as of May 8, 2023. Mr. Moore’s last day of employment with Sabre is expected to be July 1, 2023. The termination of Mr. Moore’s employment is considered to be a qualifying termination (as defined under Sabre’s Executive Severance Plan), and in connection with the termination of his employment, Mr. Moore is eligible to receive payments for a termination without “cause” (as defined under the Executive Severance Plan) under the terms of the Executive Severance Plan as a Level 2 employee. As a result, Mr. Moore will be entitled to receive an amount equal to 150% of his current annual base salary and 110% of his target incentive opportunity for 2022, paid in installments over a period of 18 months following the date of termination. In addition, he will be entitled to continued medical, dental, and vision insurance coverage for him and his eligible dependents for the 18-month period following the date of termination, and senior executive level outplacement services for a period of one year; provided, however, that if he becomes re-employed and eligible to receive health insurance benefits under another employer-provided plan, the continued insurance coverage will terminate. The receipt of these items will be subject to Mr. Moore’s execution of a general release of liability against Sabre and will be subject to compliance with applicable post-termination restrictive covenants and other obligations.


Item 8.01.

Other Events

Garry Wiseman, Sabre’s Executive Vice President and Chief Product Officer, will also serve as interim Chief Technology Officer of Sabre, effective as of May 8, 2023.


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: May 9, 2023     By:  

/s/ Shawn Williams




  Shawn Williams
    Executive Vice President and Chief People Officer