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WYN > SEC Filings for WYN > Form 8-K on 18-Jun-2009All Recent SEC Filings

Show all filings for WYNDHAM WORLDWIDE CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for WYNDHAM WORLDWIDE CORP


18-Jun-2009

Change in Directors or Principal Officers


Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 18th, 2009, Wyndham Worldwide Corporation (the "Company") announced that Virginia M. Wilson, Chief Financial Officer of the Company, is leaving the Company. Ms. Wilson will remain in her position as CFO through the third quarter to assist with the transition to a new CFO. It is expected that, consistent with her employment agreement, Ms. Wilson will receive cash severance of $2,056,000.00, and any of Ms. Wilson's long term incentive awards that would have otherwise vested within one year of the date of her separation will vest immediately upon separation. Those awards which were stock options or stock appreciation rights will remain outstanding until the earlier of the original expiration date or two years following the date of separation.
A copy of the Company's press release announcing Ms. Wilson's planned separation is furnished as Exhibit 99.1. Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is furnished with this report.

Exhibit No.       Description

Exhibit 99.1      Press Release of Wyndham Worldwide Corporation, dated June 18, 2009,
                  reporting Virginia M. Wilson's planned separation from the Company.


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